ConneXionONE Corp (CNNN)

[ChinaTarPort]

"The army contract that was to be completed August 31st had to be reapproved and extended upon Jim’s death. This contract will now be completed on December 31st."

Im not sure what this Army contract is. The only work with the Army that I've been following is the jp-8 work below. Once the contract is completed on Dec 31st we should get the details. It's ambiguous as to the work and as to what "completing" means for AFTC


"We also secured a contract that Jim negotiated before his death. It involves modification of a pump that uses JP-8 fuel for the military. We are a subcontractor in this project. We have been very successful in this endeavor and have been awarded additional work."

This is the Army JP-8 work that was submitted earlier this year and is listed on the Army/SBIR Summary Report Portal. As a subcontractor to (I'm assuming Bosch, who manufactures the product AFTC enhanced}, we should at some point get the value of the contract (units, price point, customers. Again, I'm assuming "secured" means signed

AFTC was awarded a government grant that was affected (cut by 2/3's) during last years sequester. As that now may have been released with the budget agreement we will wait to see if that has to do with the Army contract with the new date or what it was for and what the final non-sequester amount is.

See what information is forthcoming after the first of the year.. and see what future projects get started if AFTC secures one or more SBIR Phase 1 grans due to be awared in January!

Merry Christmas To All..