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bizops12

12/03/15 9:49 AM

#30938 RE: odoylemark #30936

There are quite a few here that were here then. I do not live in Vegas but went out and visited. The office is not really that impressive. It is located in a large warehouse complex owned by Mr. Snaper and a partner. Mr. Snaper maintains his office and lab there and rents space to CTDT. The plan is to turn the warehouse facility into the manufacturing facility once they are ready. I believe estimates are around 100K to convert things. The biggest requirement is upgrading electrical capacity. The Maganatek machines draw a lot of power and so the electrical capacity feeding the building and infrastructure inside the building need upgrades.

They also need to build a clean room inside the facility. That is fairly expensive as well. These are the two main expenses.

The Magnatek machines CTDT have been using are located in Rhode Island. A small engineering firms has two (or three) of these machines and don't use them for much. Mr. Snaper has leased them to run his testing. Current news reports talk about leasing machines for around $130k. These are the machines they are talking about.

Once they are ready to move production to Las Vegas Mr. Snaper plans to build his own machines. He thinks he can build them cheaper and also more to his specifications.