Kevin, please don't show your ignorance.
I said what I said, not what you think I said.
I gave an example of a company that currently makes money by supplying products to the military. There are many that do, including some small ones who supply parts or expertise to the bigger ones.
InspectTech is indeed a small company precisely because it farms out the biggest part of the work to others who run fulfillment centers. It works with hundreds of them so they are effectively a larger company. Someone will bring in a plane and get many things worked on that can include changing the carpets, replacing the motor or seats or painting the plane. Now, they have the option of having them add SPD windows. InspecTech supplies the engineering plans and the FAA approval and the film or windows and some electronics. Everyone shares in the profits, including REFR for use of its technology and patents.
If the military decides it wants to add such features to some of its planes, they will have it done by whoever normally deals with their planes and InspecTech would supply similar services, I assume.
I do not think they necessarily need to become a certified military supplier, but that may not be so difficult, even if it takes many months. I doubt everyone who manufactures a carpet that can be installed in a plane must be certified, although the carpet may have to pass tests for things like flammability.
I honestly have no idea what irks some of you. I personally believe REFR will make lots of money even if InspecTech, as one small (now) licensee were to close its doors. InspecTech can provide a nice amount of cash if they follow through on their plans and the more ways the merrier. It does not cost any money to REFR if InspecTech chooses to look into a market like the military market. InspecTech is spending its own time and money. None of that is deducted when they pay 10% on sales they do make.
I think the big money will come from other licensees. Still, InspecTech alone can probably generate enough money to REFR to pay their entire annual expenses within a few years, and those expenses do not need to rise with increased sales.
Further, if InspecTech does not go into this line of business, some other company that is may already be certified is free to come to REFR and apply for a license that permits them to offer SPD.
SPD can be attached, as a film, to the inside of any kind of glass or plastic, including bulletproof. Or, it can go between two such layers. Given the FAA has already approved it in some civilian planes and it passed flammability tests, it is not a stretch to assume it can be offered for similar testing and approvals by the military.
Finally, this is not a new plan. Alex Martinez, of inspecTech, talked long ago about the many markets his company would look into providing services for. They started with civilian planes in one area but are working on helicopters, large planes, and military vehicles. They won't all start at the same time, of course, and they may have competitors dominate some markets, who will also be REFR licensees.
Be fair. Are you arguing because you have serious questions or because anything good for REFR will be attacked by you just like by Wexler. Last I checked, only Wexler admitted on this board that he was short REFR. |
