I think everyone is right about everything. My two cents is this VERY important (IMHO) section from the financials...
I have bolded, underlined, italisized, some things of particular importance and curiosity.
"Our marine engineering and defense operations, which have long established engineering
experience, mainly provide their services to prime and second level defense contractors, quasigovernment institutions and the like. Frequently, they secure repeat revenues from developing
prototypes which then turn into long term manufacturing contracts. For example, Colmek has been
a supplier of key components in the Phalanx ship defense program for several years running. 8
Similarly, Martech is now in the Customer Acceptance Phase of a prototype decontamination oven
which is expected to form part of the ground equipment for a major international military aircraft
program. Under the Customer Acceptance Phase Martech has delivered the prototype
decontamination oven to the customer who is subjecting this to its own verification testing. If the
prototyping is successful, we would expect that the customer will adopt this as a piece of standard
ground equipment for the aircraft in question and Martech will be the incumbent for the production
of this product.
Each of these operations has the requisite accreditation for the work it does and includes:
Martech is LRQ accredited ISO9001:2008 and TickIT Guide Issue 5.5.
Colmek is ISO9001:2008 compliant."
This could huge. The ISO accreditation is another feather in the cap along with the patents.
