Extremely excited - Read the entire report- also the glotech info about the generator - looks like this machine based on normal markup and RD should sell for over 2 million dollars (assuming cost of the prototype was $300,000.00) Maybe they will just lease the device, then they can claim inventory and depreciation like mobile mini did 10 years back (stock went thru the roof after that). Glotech is ramped to produce over 350 units a year!
The petroleum industry in Canada is also referred to as the Canadian "Oil Patch"; the term refers especially to upstream operations (exploration and production of oil and gas), and to a lesser degree to downstream operations (refining, distribution, and selling of oil and gas products). In 2005, almost 25,000 new oil wells were spudded (drilled) in Canada. Daily, over 100 new wells are spudded in the province of Alberta alone.[3] Canadian rig locator
This is possibly a 1/2 Trillion dollar invention!!!
