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abew4me

05/11/17 7:28 PM

#45826 RE: houtheman #45824

No. We were never doing $1 million/year marking car parts.

We were doing $600,000/year with another $300,000 to be added "in the next few months."



At the 16:20 mark, Tony Benson (Managing Director covering Europe, Middle East and Africa) stated that their Security and Asset business is currently marking 2,000 automobiles per month. This represents $50,000/month in revenue. AND, they will be adding another 1,200 vehicles in the next few months - which would increase revenues to $75,000/month. (And that's just with the current insurance companies they're working with in Scandinavia. Dr. H said there are many other groups that have seen the success of this program in Scandinavia and have made several inquiries.)

And this might be the answer to your question about "customer marking kits". See the quote below:

"Revenues increased 58% for the second quarter of fiscal 2017 to $905 thousand, compared with $573 thousand reported in the second quarter of fiscal 2016, and were flat with revenues of $903 thousand reported in the first fiscal quarter ended December 31, 2016. The year-over-year increase in revenue is primarily attributable to an increase in textile revenues and to a lesser extent, an increase in sales of consumer asset marking products."