If you remember back to the summer conferance call after the merger between 3Dicon and Coretec they said they expected $ 500,000 in revenue from the shipping out of just test samples followed by volume production orders perhaps as early as 6 months following that which would be long term revenue.If the chemical manufacturer is a Major company as the CEO stated in the May3rd 2018 plan then i would suspect that that Chemical manufacturers exsisting customers who order Silicon precursors from that company would be a target for sales of Coretecs new CHS silicon percursor to help companies needing a better product which it looks like CHS would be .
From the May 3rd 2018 shareholder letter
Recently it became clear to us that our relationship with NDSU does not fit the Coretec business
strategy of effectively commercializing CHS. We are now developing other manufacturing
processes, ones which we believe can be utilized more quickly, not have any exclusivity liability
or infringement risk, and with potentially better results. Accordingly, we have permitted the
NDSU optioned technologies to expire this past December as they were deemed unnecessary to
our business model
And also from the same letter :
Coretec’s new supplier of CHS is a major, highly respected chemical manufacturer. Terms of
that partnership will soon be announced, and Coretec is confident our new CHS suppler will
provide us with high quality, high purity CHS quickly, and we will attain superior application
results in our customer partnering efforts.
No the announcement didnt come quickly as to a partnership with this company but it appears we have finally arrived to see that announcement soon and the money is on hand for Coretec to begin this supply line and create revenue for the company !!
