RE:RE:heading to .35 imoWhere did you heard that ? Give some more credibility to your post please.
Did you not forget to mention before the , a 2 ? 2.35
My point of view It seems that EnWave has done much of the heavy lifting in order to get this Company and its revolutionary product into the market. The concept has been validated not only by scientific experiments and peer reviewed papers, but also by actual trials by a number of companies, and finally by orders for dryers that have been successfully employed on a diverse range of products.
There are nine dryers in operation at the beginning of this year, and the possibility of an additional nine or ten could be in operation by the end of the year. Breakeven can be around $13-$14 million depending on the mix of sales and royalties, and there is a possibility that the Company can be cash flow positive in 2015.
For me it’s clear that its REV technology is a game changer. Moreover, EnWave hardly has any competition and its technology is fully patented, which enhances the Company’s valuation. Currently, EnWave has twelve commercial customers under contract. Bonduelle and Hormel Foods, to only name two, will start using their REV units in 2015, which will generate sales and royalties for the Company.
W.W.