Well, it's a major change of direction for them.. They had put a lot of emphasis on approaching the food distributors, who all had high praise for their technology, but never seemed to come through with the bucks..
This move towards Forensics is recent (about 6 months old) and holds a lot of promise.
They aren't profitable yet, and marketing costs are pretty high due to travel expenses demo'ing the tech..
But from what my friend, the CEO, stated, it's going from "push" to "demand". Reps from Forensic labs are now contacting him, unsolicited, and asking for demos, and there a few units out there being tested by various labs with very positive results.
The police labs have to plan their budgets well in advance and make strong arguments for why they need this tech, so it's hoped that within a year they will reach a tipping point towards break-even to profitability.
They are currently doing a private offering, in which our family took part to add on to what we already own. So you would have to contact the CEO for more info at their Utah office.
m-vac.com
m-vac.com
I pretty much follow their activities on their FB page:
facebook.com
And certainly nothing wrong with discussing Electrolyzer corp. with him.. They already provide a proprietary sampling solution for the M-Vac, and part of the warranty requires that customers only use that product through it. But there might be some areas where they can work together. One never knows.. right?
Hawk |
