They are not in production yet. They do not own the machinery and need funding to purchase it. They are currently looking for investors to help them move forward. They have a meeting with some investors the second week of February. I doubt they write checks at that meeting. They will more than likely request (as VC said) a trial run of the process to verify things before they commit. The trial run would be in Rhode Island where operational machines are and they can contract out the process. If the trial goes well then I would expect investors to begin opening their checkbooks.
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