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idiotsavant22

04/14/11 2:27 PM

#4261 RE: kidnova #4260

Looking back to C612's previous 10Q, it appears I had misread it (or was misled by it):

"The XTRAX® unit needs to be listed by Underwriters Laboratory, which tests the product for safety. This is known as the UL listing. We have submitted samples and information to UL, and responded to their questions, but until November 2009, we did not have the necessary funding to provide UL the number of units they require for further testing before they can grant a UL listing. Furthermore, after we did have the necessary funding, submission of test units to Underwriters Laboratory was delayed so that we could complete certain software modifications and also complete third party verification of the accuracy of the measurements by XTRAX® units. Independent laboratory testing was recently completed for the XTRAX® Residential meter and all of the samples were found to be compliant. The meter's accuracy determined to be well above the required standard. Future testing will be performed on the XTRAX® Small Commercial meter and we once again expect favorable results. We have already made certain changes requested by UL and we believe we will obtain the UL listing."

The way it refers to the Residential meter testing being complete and the meter compliant, then changes to talking about the Small Commercial meter not being done, makes it appear as though the Small Commercial meter is what they're referring to when they say at the end "we believe we will obtain the listing."

If they're still working on that as of 3/31/2011, I'd have to say I'm exceedingly skeptical about this being market-ready in 2011.