The demonstration was on May 4, not 4 customers requested contracts. I think 4 separate order is not realistic as I only heard Tim talk about 1 new customer discussing orders. Many of the other attendees were related to validating the product and securing funding.
What we have now.
- 10 currently executing orders from customer who never saw final working product (they ordered in early Apr and visited in May)
- same customer set has a contract for 239 additional trucks.
- original customers, plus government financial, and technical representatives attend demonstration (people with deep pockets, influence, and ones that can make decisions)
- some attendees request contracts to review in context of informal discussions of orders in the 1000s.
- CoolTech is invited to present in Mexico and then later in EU by EU-LAC head. Part of that organization's mission is to promote innovation within their territories. They have focused on smart technologies (from their website, " In addition to its cluster policies the EU has developed and regional strategy of Smart Specialisation (RIS3) of its territories in matters of innovation. This approach that combines natural industrial edges with channelled research and innovation is of high interest to Latin American and Caribbean countries where several initiatives are developing in this field.")
I see the last bullet as a way for CoolTech to market MG to additional customers, but not one-offs, more likely large orders. They fact CoolTech is prepared via the integrated Toughpads to plug into any planned smart grid makes their MG all that more appealing.
More contracts could also seal up the ongoing discussions to get non-dilutive funding. If CoolTech can't go forward without such funding the customers may be motivated to sign contracts showing their intent as a way to show CoolTech will have the future income to repay their debts.
Yes, I'm starting to get exited as I am having a hard time finding the negative in what is happening right now. The one dark cloud is the Apr 30th note that we don't know what happened to. The next note is not due until Aug. I feel a lot is going to happen between now and August.
