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Re: jaybiscuit post# 202798

Tuesday, 10/06/2020 8:39:04 AM

Tuesday, October 06, 2020 8:39:04 AM

Post# of 232822
Benchmarking is the process of measuring the performance of a company's products in comparison with current industrial standards. It’s also used to compare and evaluate companies. Benchmarking’s purpose is to identify opportunities for improvement and innovation.

You have to keep in mind that LQMT’s technology is still new and untried in many industries. And LQMT as a company, has essentially no tract record to show that they can deliver large volume, recurrent orders. So what do their potential customers have to go on, other than the words and pictures in The Design Guide, before making a major commitment to develop an entirely new line of products?

That’s why this first volume recurring order is so important. It’s pivotal. There are many “eyes” on LQMT. If they succeed with this first order, they will have established themselves as a reliable company capable of producing and delivering a new and innovative technology. I.e., they will have set the benchmark!

Light travels faster than sound. That’s why certain people appear bright until you hear them speak.

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