Marc:
Well sir, thank you for your support. I am not sure what you have heard regarding the communications initiatives, however, I can confirm that we have been working diligently to add a suite of communications hardware/software and data processing services to the MICRO offering. I can also tell you that we are making good progress and should reach a successful conclusion in the near future. I am curious what you have heard and where you heard it.
As far as the market share and revenue streams, we are in the process of launching the MICRO "trials" release. We are targeting 40 major utilities to participate. I can tell you that the response has been overwhelming. In fact, we just complete 5 quotations to major utilities in NY, NJ, CT and MA. Our Manager of Engineering, Gord McMillan will be returning from his trip there on Sunday and we should have more information.
In addition to the MICRO, we have had a tremendous response to our soon to be released ICS2 system. We have already received a purchase order from Canadian Western Natural Gas sight unseen. Further, we are currently preparing several quotations for this product.
The ICS1 should begin to come into its own also. Mr. McMillan is meeting with several utilities who have already budgeted for the product.
As far as our fundamentals being strong, I can tell you that we have been extremely cautious in this volatile market. We have focused on reaching milestones and securing financing. We are keeping it simple. We are definitely "eating this elephant one bite at a time".
Please don't hesitate to contact our offices if you have any questions.
403-735-1988 or 1-888-427-2005.
Sincerely,
Mike Dillon,
Vice President & COO
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