I haven't been following this interesting company, but any insights as to why 4 years after the blurb below this company has shrunk instead of prospered?
- Charles
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We made strides during the quarter in developing our sales and marketing
organization," said Stanton. "We hired four senior sales professionals, bringing
to five the number of sales managers covering major regions of the United
States. These professionals have sold extensively into the power and energy
technology capital goods sector and have experience in such companies as Best
Power, Exide, Peco, and Powerware."
"We are also excited about our efforts in forming strategic alliances to expand
our product line and channels to the power quality and distributed generation
markets," added Stanton. "In addition to our previously announced partnership
with Urenco for high-power composite flywheel systems, we are also actively
pursuing other alliances with several of the world's largest energy and power
equipment companies on commercialization and development agreements."
"All of these developments point to solid progress in our transition to a
commercial manufacturer of power reliability solutions," continued Stanton.
"Year to date, Beacon has shipped 10 production units and we expect to ship an
additional 40 units by the end of the year. We also continue to build out our
infrastructure and manufacturing capabilities. In June, we began manufacturing a
simplified version of the Beacon 2kWh flywheel system containing fewer parts,
which is easier to assemble and quicker to install. Shipments of these systems
will begin in the third quarter." |
