Arcam AB fka AMAVF

[Tom Joad]

I would add that flying with that part on a plane is, as I understand it, part of certification.

I agree there's some nagging uncertainty in the economics. Fixed and variable costs, supply and demand, sunk (or retrospective) costs and prospective costs, are all things that I'm supposing Rene is well aware.

The technology adoption life cycle is what we're at the very beginning of with respect to AM technology. That can be graphed as a bell curve. AM has, so far, I'm guessing, been adopted by fewer than 2.5% of those that could find benefit in the technology. I'm guessing again to say that I bet that fewer than 2.5% of those that could use EBAM have adopted it, so we're in the early adopters stage. We're not up to the fastest rate of adoption until we get to 50% market saturation, that's where the bell curve and the logistic curve intersect.

Diffusion of Innovations

But, we don't know for sure which companies are destined for success. Think about the early automobile industry, that there were steam, electric (Henry Ford's wife drove an electric), gasoline, gas, and diesel, and within each category of fuel there was more than one company. If you manage to invest in all successful companies, that's great but it's much more likely one will invest in a mix. Diversification is the key there; multibaggers will compensate for bankruptcies.