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Re: pgleba post# 2603

Friday, 11/15/2013 4:42:27 PM

Friday, November 15, 2013 4:42:27 PM

Post# of 63559
Well, the development of any technology needs different stages before manufacturing production to improve the outcome of the product and cost of the manufacturing. Third stage is usually the last stage for most technology before pilot manufacturing. They've been working on this technology since 2009. The stock price is very low because usually when they don't get funded by the government, they need funds during development stage but 200 million outstanding shares in five years is way better than billions like some companies on the market. They came out with first successful prototype then they came out with second one with 10 percent improved collecting energy over the first and now they completing the third one with much more improve over the first and second prototype that is ready for pilot manufacturing. As far as buying SUNworks, the definitive to acquire the company is signed and done last week. Both company seems to come to an agreement already so it's on it's final stage to finalize it.