Shareholder Meeting Notes - April 29th, 2011
Thanks to Schoolman91 on Yahoo board.
A total of maybe 8 people there, That were not associated with ABTG ....
A nice chart on wall having to do with node shipments per month... in 2/11 around 3000...
maybe about 2500 total shipped in 1/11 plus 2/11
3/11 they shipped 5,000 nodes in that month alone and expect (unless something strange happens) to be shipping about that amount per month for the rest of the year .
Some of the 2/11 & 3/11 shipments of nodes when to South Carolina .. between those two date between 1000-1300 in SC
Con Ed still owns about 35 million shares but nothing going on with ConEd node wise/smart grid
Now have 70 employees including one doing business on the ground in Europe
No I repeat NO nodes installed in China .. However they are hopefully mentioned by Duke as one of Duke's best vendors...
Possible huge amount of additional business after Progress merger.. more than 900,000 transformers have to be covered ...Rogers to be Chairman of the Board of Duke after merger
Gross margins about 40%
4th generation node in beta testing
of the 35,000 nodes installed less then 100 have been defective (including being dropped during installation)
nothing definite on amount or when on reverse stock split
more $$$ to be spent on educational information about smart grid
