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Monday, May 09, 2022 11:12:53 AM
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BIEL used up its Raw Materials in 2021 filling OEM orders, the majority going to KT. Fact, Raw materials at EOY 2020 - $136k, Raw Materials at EOY 2021 - Zero .
More Demand in 2021 than BIEL could meet due to Chip shortage limited 2021 Sales.
Fact, As of 2/28/2022 BIEL found enough Raw Materials to send over $200k in devices to fill 3 International customer orders per the 2/28/2022 Company Update.
There was a Chip shortage affecting BIEL's production ability in 2021. BIEL has found a source for Chips in 2022 as shown by the Q1 2022 $200k International shipment and the scheduled Q2 Launch of SAI Brands 'Powered BY ActiPatch' Products.
Companies run into problems all the time. BIEL found a solution to the global Chip shortage problem that interrupted their Chip supply in 2021 and is producing devices and filling orders in 2022.
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