Tuesday, July 24, 2012 7:43:16 AM
This partnership is a big deal for JBI going forward, people have no idea how huge this relationship with the rock is going to be for JBI
Imagine the revenue stream from one Rock site with 10 machines firing at double the current rate, all with free easy to get plastic, 10 year monofill plastic back up in order to keep the beast running at optimized efficiency (which is the job of our new COO who also talked about it). then add John's new Petcoke auto removal system and we will see 90% processor usage which goes straight to the bottom line.
For those who are concerned about lack of production numbers from #2 John explained that for three weeks prior to SAIC 3 day testing the machine was shut down to clean every part in it so that the test could be done on a pristine machine and give 100% accurate results. This was important because it took the validation to the "next level" and in the process got us new big dollar investors and much need money to build out more machines.
For those who don't run a business it is hard to understand that sometimes you have to take one step back to move 2 steps forward. john and our new team understand this. they and the shareholders don't necessarily like it but it is an important and needed step in the business plan. John even got a little testy when the question was brought up about it. You could feel the passion this man has about his baby when he talks about it. He lives and breaths p20 and loves it in the manufacturing/ inventive side of the company.
John also talked about patent protection on the machine and has filled an international patent to go along with US patient. This is a very long process and don't expect results and notifications for at least 1-2 years. he mentioned that the patent attorneys are chemists and were very impressed.
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