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tykundegex

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tykundegex

Re: globalstox post# 10

Friday, 04/30/2010 3:46:20 AM

Friday, April 30, 2010 3:46:20 AM

Post# of 521
They recently raised money ($8m?) through a PIPE and are still looking for more. I inquired about it a while back and it seems like a very solid company with exclusive rights to very advanced low-power reverse-osmosis technology and a nano particle-based paint for solar panels. They have a bunch of LOIs already in-place from prospective buyers (in India & Africa for the self-contained solar water purifiers, and in the Middle East for their solar-skin building HVAC system).

If I recall correctly, they are aiming to be cash-flow positive in 2012 and only need money for manufacturing & salaries until then -- they don't do their own R&D -- it's all coming out of the Swiss University (nano-paint) and the German company who owns the IP for the osmosis technology.

Stu
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