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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bob Trocchi who wrote (6182)	1/18/2000 4:58:00 PM
From: N. Dixon	Respond to of 10293

Bob, REFR will never produce an SPD product. They are a group of scientists working in the lab (12 employees altogether). There is no manufacturing (therefore no costs to REFR for the manufacturing of the products, the cost to run the company will remain about the same --- approx. $3 million a year --- no matter how many products are produced) REFR receives royalities off of the products with a minimum annual royalty. Their "product" is SPD technology which has been produced and delivered to licensees for commercialization. The products are in several different industries and will be made by different companies. Each will announce their own product. Hope this clears up your confusion. ND