Nothing in industry happens too quickly. Adoption of new materials needs a catalyst. Either in the form of substantial decrease of cost or legislation. The chemistry here appears solid.
The patents do seem well written. I would say it is unlikely that anyone will infringe upon them. That is not where the problem lies.
The problem is that there are several pathways to carbamates which is essentially the link between the polymer subunits and what the isocyanates are used for. If you search the scientific literature, there are examples of non-isocyanate polyurethanes as far back as the 70s.
Appointing people to a board that don't do anything day to day in the company lends some credibility, but for this tech to be accepted and implemented, the company should poach a high level exec at one of the big companies.
I can easily see other solutions coming to market. Will they be better or cheaper remains to be seen, but that is not always the factor that the market chooses. If Dow or BASF comes out with a solution, who do you think most companies will buy product from? I buy Nike shoes and not Nickys.
These are opinions and I can't really predict how it will turn out, but with the current management without some serious guidance I'm not sure here anymore. Couple that with a huge loss that was averaged down to manageable into another huge loss, all while being told that IR can't tell me anything or that Steve is on a business trip on possibly the biggest news for this company in a while....well I'm out.
