The PR was phenomenal. Anyone who has started a business or who has been in sales understands the plodding process of ramping a product to the point of 'name recognition' and consistent sales. With the numerous approaches: IF and its efforts (incl'g two professional shows in '16 (Indianapolis and SanDiego); Europe and the Polymate partners efforts; and the Asia front one can only imagine as these start building momentum.
While Nov numbers will still likely not set the world on fire, 2017 should begin to realize the fruits of all the work that has laid a global foundation for these products.
Then, of course there is the PPG/Comex coatings product. PPG will run w/that and a new product out of this partner soon.
'Fortune 500 partner with a potential $20M per year revenue'....This is another executed (February, I believe) deal and should be well under way after these months. When will this product be ready for market? It's been nine mos of preparation so far.
And foam: two cos in advanced discussions, one of which is likely 'LBrands(VicSecret), the other biggie, the Chinese HWA Ching, therefore not an F500 but certainly in the size range, just not US therefore doesn't qualify as 'F500'.
For the first time we see dollar estimates of future revenues for HCTI....great news, but offering a clue into November's numbers. It's going to be a lengthy ride for investors before the charts make sharp straight vertical lines northward, but the CEO has given SHs the comfort of knowing that the contracts are signed and all on board have their orders and are going about their business to get these products to market.
Thank you HCTI for this update and something concrete to hold on to moving forward.
AI
