Zeev, regarding the "40 manufacturing jobs," let me try an interpretation of the following quotes from the press release:
1) "The new relationship, when completed, will create a new focus for Green Oasis and created [sic] an estimated 40 new jobs in the local manufacturing sector."
The release does not say that the 40 jobs will be created in Charleston, but in "local manufacturing." There was a change in this regard some time ago from the initial business plan, since full assembly in Charleston results in double shipping charges on some components, and many sub-systems have to be fitted to the specific site. GRNO now plans only a minority of advance manufacturing for a processor prior to assembly, primarily with regard to the system of computerized controls. Most materials and systems are shipped from manufacturers straight to the assembly site. Assembly on-site is part of the GRNO responsibility, so if there are 40 new jobs, they are likely to be primarily in traveling and local assembly and installation crews. I would assume that it would be to the advantage of a foreign purchaser to buy as many components locally as possible. It is likely that certain specific technical skills (welder, pipe fitter, etc.) might also be hired locally. GRNO will likely provide the engineering design and oversight.
2) "The agreement will create a Joint Venture within the Southeastern US with expanded waste oil plant processing operations. . ."
Here the implication seems to be that a "Joint Venture" will control plant processing operations within the SE states, not GRNO itself. I believe I may have misinterpreted this statement earlier. So GRNO would appear to be getting out of plant operation practices altogether, as well as out of research and design activities. The remaining GRNO operations would seem to involve manufacturing, assembly, installation and training, service and maintenance, and collection of royalties. See also the next paragraph. Let me know if I've missed something.
3) ". . . and will allow greater Joint Venture opportunities with existing customers in Turkey, Spain, Morocco, Malaysia, South Korea, China and Taiwan where fuel prices are higher than the US."
The reference to "existing customers" is very interesting. Except for the deal with Manova in Turkey, none of these has been publicly announced, as they would certainly have been if there were any actual contract. I infer, therefore, that there are prospective purchasers in each of these cases who have previously been in formal contact with GRNO, and with whom GRNO may continue to deal directly, without any resulting contract coming under the jurisdiction of the Kwikpower contract. Some of these could potentially be quite lucrative, particularly if they result in joint ventures that cover installations throughout the indicated company. So GRNO may have a significant additional source of income here; on the other hand, any or all of them might come to nothing.
4) "customers in Turkey": In an analytical article on the earthquake in Turkey, the comment was made that it will be at least six months before normal economic activities begin to return to the pre-earthquake levels, and even longer in especially hard-hit areas like housing. Not mentioned was that burning oil plant, the most important one in Turkey, which I doubt can be restored so soon. I would assume that something like this time frame is likely to apply to Manova's operations.
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