New Energy Systems Group (fka NEWN)

[war_eagle]

2007 was when they had only battery shells. Even that part of the business has been growing the last couple quarters so that problem must have worked itself out in the past two years.

The 80% capacity was the battery SHELLS which create less revenue and profit margin than the complete batteries which the company is branching into now. They have plenty of capacity to increase the complete battery division.

The one customer they had buying all their complete batteries was a "middle man" type operation. There's no way to know how many actual customers were buying the batteries.

The new, $4.1 million contract, was considered a "milestone" because it was an additional customer buying directly from them. Those are the facts.