Friday, July 06, 2012 8:27:25 PM
The initial plan that used to be on their site was licensing the tech to manufacturers who would build their own AR boxes, however they misjudged the market.
I deleted the old powerpoint but think it was $50 M in royalties they were hoping for with 10% of the market for tandem. Regular cells were supposed to be maybe 10% of that but still a huge valuation. Silicon prices have dropped since then, but black and absolute black must be more valuable than just the old AR coating, especially if they get a tandem someday.
So whatever Hodge said about valuation may be true, but there is nothing guaranteed.
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