VirTra Inc (VTSI)

[rouster49]

I talked with Haag today about the camera:

Virtra did not go into the camera business. The folks that they had develop the camera for them, do NOT get a piece of the pie nor royalties. They merely get whatever they charged for their camera and subsequent cameras that Virtra "may" buy from them.

Real simple....

Virtra designed and developed the circuitry, the framework, the syncronization, and arranged it all in such a way so that the integration worked etc., and then outsourced the camera to a camera manufacturer with those specific specs for utilization into the unique and patented Virtra System.

This camera can be purchased by anyone, but the key is that for "this" particular application, it will only work with the Virtra System.

Can someone else use this camera in their system and now be as unique as Virtra? If they had the software, the circuitry, the framework, and syncronization know-how, could they match us?...Yep.
But they (the competition) doesn't have it.
All of that belongs to Virtra. That's the whole point of why we bought in here in the first place, right? The patented Virtra System with the 360 degree immersive video experience...on and on (fill in the blanks with the rest of the nomenclature and exclusivity of this system).

It's really no different than Ford Motor Company going to Motorola (for example) and telling them "we need a radio that will fill this particular space with sound and perform these particular functions. We have developed a special car and need a special radio to help complete the experience."
Does Ford need to be a manufacturer of radios to have a special radio in their cars? Nope. Does Ford have to pay Motorola a royalty or a piece of the pie every time they sell a car or truck with that specially-made radio in it? Nope.

They merely buy the specifically designed components from Motorola and install them in their special vehicle. Motorola sets a price on the components and Ford pays them. The acoustical environments in the vehicles are designed by Ford. Motorola merely designs a special radio to those specs.
Same, same here.

Haag stated that Virtra has a 14 month headstart on the competion.
I believe IF Virtra can bring some meaningful product to market within the next couple of quarters, this company will kick some major booty and we will see SUBSTANTIAL (over .75) price per share increases. I also personally feel however, that the 14 month headstart could dry up this year if they don't deliver something within those next two (three at the latest) quarters.

Rouster

P.S. Steve Haag is a pleasure to talk with. Down-to-earth, regular folks. But definitely knows his stuff as well. I'm very much looking forward to meeting the rest of the crew down there.