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Tom:
The frames and bows are really not important to the company, except
that it shows commercial applications of their technologies.
The urethane, on the other hand, may be big. Mgmt doesn't talk much
about it but, as they have said, "It could be bigger than ITS." This
is a material they formed from the bladder for ITS. The engineers
created this, and then played with it a little. They have found a
transparent material that is lightweight, strong, and very heat/cold
resistant. Their are many opportunities for such a compound, and
supposedly many chemical companies are interested. Remember, though,
that we are in the early stages, kinda like AMGN and leptin (Could be
huge, but don't put ny value in it)
As far as the ramp-up-you hit the nail on the head. Their transition
into a manufacturing company is the key to the story. ITS is very
easy to build, so that shouldn't pose a problem, but 16G is another
story. They have fortified their management ranks with former TRW and
BE Aerospace employees that all have good experience. Hopefully that
is enough.
As far as a go-between company-No. SMU does not want to be a tier 1
supplier. They will make the bags only and let MII or others add the
inflators and intiators. Let them figure out how to fill the bag.
It looks like the company is on the cusp of very big things, and
I sure hope that they are able to make the transition. If they do
then everyone involved in this company will make a lot of money. |
