(i) a manufacturer of televisions, smartphones, and tablets for its 3D Mobile Displays and 3D TV Modules;
and (ii) a manufacturer of automobiles for its silencer/mufflers.
Nonetheless, Ngen does not believe its business depends on any one or group of major customers. Ngen has no customers for the scanner developed by Emotek, as it has not yet received FDA approval."
Just in muffler sales alone for just one customer NGen will make a net profit of 6.3 million for 2018 2019 and 2020 IMHO
I figure NGen will clear 18.9 million on this 36 month deal.
NGen makes 14% on 1.8 million mufflers in 36 months IMHO
The agreement between NGen and Samsung Industries is for three years where 150,000 mufflers will be manufactured and delivered EVERY 90 DAYS !!
“NGEN” shall guarantee that it will place an order for more than 800,000 Products with “Samsung” in 2018. As for the guaranteed quantity of Products to be ordered after 2018, it shall be determined separately by mutual consultation between the parties hereto."
"To initiate the terms of this OEM Agreement, Ngen Technologies shall remit advance payment of$9,000,000 USD to Samsung for equipment and parts "
"The payment shall include parts and labour for a total of 150,000 units, paid in advance. Samsung agrees to ship finished products every 90 days and in accordance with the schedule outlined in this agreement."
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