Harry you have got to be kidding. How was Ed to for see this coming no CEO could have predicted this.
SMTC's Manufacturing Process Continues To Improve
The initial production run took a lot longer than any of us could have anticipated, for two reasons:
The lead-in time for the procurement of multiple core components turned out to be at least 6 - 7 weeks beyond normal procurement time-lines. The reason for this was that many of them had to be custom-designed and then manufactured from scratch. This process resulted in the need for additional tooling as well.
Medizone is currently working with SMTC in order to shorten key component lead-times as production orders increase.
As is public knowledge, SMTC recently underwent major corporate restructuring. This was not (and nor could it have been) anticipated by Medizone prior to the event. The staff changes that ensued contributed to further delays. IMPORTANT NOTE: SMTC has just experienced its most profitable quarter on record (in stark contrast to the previous one). Overall debt has been reduced by 'several millions of dollars' and the company is in good shape to embrace the future. Download their latest news release here.
However, after what can only be described as a series of 'extremely frustrating' delays on Purdue's part, including the departure of their lead researcher, we still find ourselves waiting for the last of the trial work to be completed.
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