CurAegis Technologies Inc (fka CRGS)

[zendo]

Much of my work career was spent at Xerox, the last 10 years or so working on their flagship production printer, the iGen3. When Jim stated at the annual meeting that all the technologies were production ready I must admit that it raised an eyebrow. At Xerox the first "production" units were part of what was referred to as the B-1 build. It was probably about 5 years after that that the program was officially turned over to manufacturing and the development people took up a supporting role. It should be remembered that the base model of this machine sold for around $500,000 and was much more complex than e.g. the isotorque. Bottom line: hebjb has a point when asking for a definition of "production ready".

Last spring/summer TOVC was a couple of months late in delivering the isos to Nissan because of manufacturing problems in Rochester. The iso is probably our most advanced product in terms of readiness and certainly much less complex than the IVT. I doubt that Nissan thinks they are production ready in the way that most people would understand the term. It would be nice to know what Nissan is doing with the units they currently have and if the order for additional units has been placed. That's a piece of info that might show up in the annual report along with the financials that would tell us how much money we got from NASA.

The city of Roch has been in the "final stages" of trying to sell a d*mn used boat for close to a year. Paetec went to market twice with an IPO and pulled back because they couldn't get a "good" deal prior to this week's merger. These things take time. Talk to people about a money making idea you have and they likely will gush all over the place. Then ask them how much of their money they are willing to throw in the pot. The atmosphere changes very quickly. The entire industry is in turmoil with very big money and careers on the line. We're looking good but it's still a high risk game.