Kim Thompson expressly stated in the march conference call he was looking for commercialization partners.
Note he never has said... We have a processor, so nothing indicates he has a processor. Processing a thousand cocoons and a steady processing of millions of cocoons are two vastly different situations, which is what is going to be necessary if you look solely for a customer. However a Partner, which Kim expressly states is his BUSINESS MODEL is to have the PARTNER help get this to market.
"KT: Our model is to PARTNER with larger established companies in our target markets for product development, manufacturing and distribution. The first step has been to identify and begin discussions with appropriate potential PARTNERS. The pace of contact with potential PARTNERS has increased significantly, since the publication of the national academy of sciences article in January and also after the Textile World magazine article, also in the first quarter. Since those publications came out there has been a lot of interest in Monster Silk and we have been approached by a number of companies concerning the potential to use monster silk in their product lines, or to develop new products using monster silk.
During the first quarter we've entered into non disclosure and confidentiality agreements with a number of those companies. Those companies operate in markets ranging from sportswear and fashion to military and defense applications. These are primarily large companies. The largest has sales in the billions of dollars; the smallest has sales between 20 to 50 million dollars. We are exploring the potential of our products for their markets and how our monster silk can be integrated into their product lines. It is very exciting, but we are also at a relatively early stage in that process with each of these companies. We are continuing to make contact with companies that we feel will be suitable market development partners and we have a specific plan for that outreach.
And of course, from there perspective, I am sure it is not lost on them that not only do we have Monster Silk, we are in development of even more advanced materials, and the PARTNERS WE CHOSE to move forward with on monster silk are likely to have an inside track on our product pipeline."
