In my head the CCM business is the anchor from which the battery business can now move ahead with. If you read the statements made by Kim in the last conference call you'll note he talks about the company's history over the last twenty years. This is not THAT company unfortunately. They had large contracts with the mobile device manufacturers and their sales were above 150 million annually according to records that this board dug up. Then an episode of insider misconduct and the company was shut down and eventually sold off. What happened to all the contracts with the mobile device manufacturers who were potentially stiffed in the deal? Obviously they went to Core Optics competition, so that business is gone and probably not coming back. The auto manufacturers are where they now have a foothold, this is new business the company can chase and you can bet when negotiating new contracts they point to the fact that they are NOT the old isMedia Core Optics. I was appalled with the sales for 2024 estimated at 8 million.The difference between 150 million in sales and 8 million is a 25 to 30 cent pps vs a 2 to 4 cent pps. The flip side is that if the battery is a good one 150 million in sales is just a space saver in the order list. Point is when you hear Kim rest on the laurels of the last twenty years, take it with a grain of salt.
We have not heard anything about the battery business since early in the year. Who knows how much effort has been put in while this whole merger deal has been developing, hopefully there has been progress because this is where the company is going to grow. The CCM testers are manufacturing/assembly line machines. You buy one and it calibrates the cameras for a vehicle and then the same machine tests another camera. The camera testers may be indispensable but this is not a high volume business. Batteries are where we're at, Kim has to understand this.
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