SCON Completes Sale of Equity Interest in Resonant Inc. for $3.56 Million
Removes need for cash while fine tuning the third and final equipment piece installed in September for the 1 kilometer length commercial production line for high temperature superconducting wire !!
Look forward to full production in the next 3 months.. and the commercial deal fro 750 kilometer of annual wire production from that line for about 35 mln revenue..
And the nice part that i like.. its a highly scale-able production process
about 9-11mln equipment cost for each 750km production line