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To: Jeffrey L. Henken who wrote (41)9/15/1998 10:00:00 AM
From: Tensane 1  Read Replies (1) | Respond to of 718
 
Jeff,

A couple of more questions, first, does the company have any other products in the pipeline, or are they betting mainly on CAPSCAN and the construction and remediation. Also, its been stated that gross margins are running in the 70% range, did this come from the company or from the company who wrote the report. On the surface, 70% sounds very high. Also, as of now they do not have any competition for their new product, but will they have any in the near future. Competition will drive down margins and will effect bottom lines eventually. Just some food for thought.

Kevin



To: Jeffrey L. Henken who wrote (41)9/15/1998 10:59:00 AM
From: ColleenB  Read Replies (3) | Respond to of 718
 
>>>Don't the nozzles used to fill these tanks have sensors like we find at the local gas station anyway? <<<

I can honestly say that the last time I saw a tanker filling the UST's at a station I never thought to check. My guess is that this would be a simple solution to the filling of a tank, and without over flow...however, the CAPSCAN's use is more for daily use. The owner of a station is supposed to record every time any amount of fuel is tapped from the tank. This information is then subtracted from the amount at fill up and the remainder should be what's left in the tank. So, ideally, the next fill up should be less the amount in the tank and if it turns out to be more, then you potentially have an underground problem. Where the CAPSCAN would be useful is in more accurate readings and thus a more rapid identification of a problem, less clean up and contamination will occur. Some (many) tanks leaked for years before they were replaced and these are quite problematic and costly when trying to detoxify the area. And if the contaminants hit the water table, it can take years of monitoring and bailing of products, even after excavation. So the CAPSCAN would be quite advantageous for the station owners.