I agree with you that there have been no sales, only 5 prototype units. And no certification by national labs. Apparently they have applied for such certification but the process will take 4 to 6 weeks at a minimum. I don’t know the backstory about the manufacturing capability announcement. So I can see how you think it is fluff PR. I assumed that since management has no track record of over promising and have significant skin in the game (around 41 to 44% of 31 million shares) that they were prudent enough to line up manufacturing capacity. As to customers they have tried to engage the Canadian Government by getting a grant to develop and test the technology. It would surprise me to hear that they have not kept the Canadian Government in the loop and have not had expressions of interest from the Government. They claim that one of their initial targets is to sell to the Government for classroom use, not one or two units to individual stores. Without Government help it seems to me the project is doomed because I have a hard time believing that individual schools have the funds to afford to invest in this technology. Maybe protection of their IP is another factor in this approach.
If, and only if, you are interested here are some statements by the CEO made a couple of weeks ago - before their recent halt.
https://www.webcaster4.com/Player/Index?webcastId=36650&g=fd212056-b59b-44b9-b365-3c5b60add978&uid=5730468&sid=
I don’t want to hype Kontrol or any other stock particularly because, as someone else on this board has pointed out, Kontrol’s stock price has risen to 5 times in a few weeks. This is driven by Covid-19 fears and is unlike the strictly industrial targets that mCloud has pursued. I am confident mCloud has great technology which in time will result in a good stock price. Simply that their technology does not address an “urgent and pressing” need, only a pressing need so it is more of a 2021 story IMHO.
Full disclosure: I have positions in both Kontrol and mCloud. Kontrol has been profitable despite recent “dumb luck” positioning; mCloud is a loss. May be reverse by the end of 2021!
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