Well, another week has passed. It seems my urgency is not matched by those with cash.
On the other hand, it appears that we are finally getting some traction. We have 1 investor willing to ante up 25% and are getting close to getting some government agency assistance from 2 different areas (local FedDev funds and specific industry commercialization funds for export sales).
Of course, the long trail of paper must be generated and that is what is the bottleneck right now.
On the other hand, we met with a university and just talked about the product and concept (unwilling to show them the rough prototype in a gray box). They get it! They agreed with the concept and strategy of how to position ourselves in the market. They have agreed to order 2 units as soon as we have units to sell!!
We have started the final design process and should have the first 5 units off the production line in 12-16 weeks. After that we art a production for 20 units.
Things are improving!!
ENJOY Fathers Day!!
