Dear All I just came back from the meeting : it was about 2 hours.
I noted some points that i think we may or may not be aware of DR talked about :
Now total employees 36.
APDN early adopters- Focussed aggressively on selling, in addition to internal sales they are using extensively outside sales personnel and companies for sales and marketing (This was a question i had asked) in Copper, Textiles, Cash in transit, Art, Printing and Brand protection. Marketing aggressively in UK since they see a great potential there. Security for homes big market now only in infancy. Sweden jewelry stores (GULDFYND) security in process of being mandated to use dna. Targeting utilies in the US for copper. Cash/transit will be big 2013/2014.
Military Semicoonductors
5962 - $20M used by DOD about 150k parts - Started marking end of Jan
5961 - 4 Billion used by DOD about 500k parts - starting soon.
This only for microcircuits per year.
Worldwide semi conductor - 300 Billion
Working on extending to other critical parts not only microchips, he said too large to comprehend.
1000 RFQ presently for 5962 on dla.
Mentioned Forward components their business.
Before mandate they sold $32k to DOD, after mandate so far $555K.
Other distributors coming on board at a rapid pace.
Forward plans to offer signatureDNA outside the DLA ecosystem as well.
Targeting semiconductor industry aggressively can do dna marking
reactive dna
Plasma diffusion
Solder level
Silicon level
Prosthetic level and
wafer level
Working on new technologies mentioned DigitalDna could be huge.
30% increase on portfolio every year on new products or improvisation.
17 patens, 4 pending
One more important thing to notice :
he said they will achieve equilibrium before the end of the year meaning revenues will meet their expenses at least, this i think is huge, did not want to project on future revenues.
He will not do a reverse stock split (someone asked this question).
He said there are competitors but no one comes close to applied dna in terms of their technology, in fact a couple of competitors are using apdn technology in their products.
To summarize he said it will be game changing otherwise he would not have invested so heavily and in fact didnt draw a salary for the first 5 years he worked there.
Ok i will end this post now, if more comes to my head i will post it.
BTQ i heard lot of investers talking about buying the stock this PM at these levels.
Please post me your thoughts.
Sorry Johnsyn no time to ask about Lasrlock.
They said all their assets well patented and protected.
AI
