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Friday, December 11, 2020 3:45:15 PM
no company orders 10,000 parts per month for 12 months and then just walks away.
its all up from here.
Management Commentary
Our third quarter results reflect the completion of initial volume production orders under our outsourced manufacturing model. Since July, we have delivered 10,000 parts per month to fill a customer pipeline for a dental application. We expect continued deliveries, at similar volumes, to continue into the middle of 2021. This has allowed us to further validate Yihao as a trusted supplier and technology partner. These successful initial volume production runs are expected to further drive customer confidence in our technology, identify areas of improvement in our operating model, and increase market confidence in the viability of our breakthrough technology in critical fielded products. Concurrently, we continue to execute aggressive sales and marketing programs to add new projects to our pipeline and are developing opportunities for additional licensed manufacturers with domestic operations.
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