RE: A new NR WoWA FEW HILIGHTS FROM THIS MORNINGS CONFERENCE CALL:
AGREEMENT WITH JABLIL (POLAND) WILL REDUCE SHIPPING TIME OF MODULES FROM 30 DAYS TO 3 DAYS
SELLING EQUIPMENT TO JABIL CASH BACK TO DAY4 BALANCE SHEET
CASH FROM EQUIP BOUGHT BY JABIL(POLAND) PLUS WORKING CAPITAL ADVANTAGE = 19MILL EURO IN 09
DAY4 SEEING A CONTINUED STRENGTH IN DEMAND FOR PRODUCT
OPERATING IN FULL CAPACITY WITHIN THE 2009 YEAR AT JABIL, INSTALLATION OF PRODUCTION EQUIPMENT COMPLETED BY Q1
ALLOWS DAY4 TO NOW CONCENTRATE MORE ON RESEARCH AND DEVELOMENT
44MILLION IN CASH ON BALANCE SHEET AT THE END OF Q3 - CASH FROM EQUIP WILL ADD TO THAT, STRENGTHENING THE BALANCE SHEET
PRODUCTION CAPACITY IN VANCOUVER TO REMAIN AT 47MW
JABIL AGREEMENT TO PROVIDE A HUGE REDUCTION OF MANUFACTURING COSTS