Secondary Value Proposition I think everyone is very clear on the value proposition of this company: namely that Vindicator increase your wind turbine output by up to 15%. It certainly is the attractive way to sell a stock but I think a lot of people overlook the secondary value that the technology provides. That is it extends the life and reduces the maintaince on the turbines.
They are not clear on how much maintenance is reduced because of the technology or how much longer the turbine will last but here is some food for thought:
If a 2MW commercial turbine costs roughly $3M-$3.5M (installed) then how much improvements to maintenance & longevity do you really need? If you can buy a Vindicator for $150K then you only need to see a 5% life expentancy increase or some minor maintenance reductions. I also just read about some mega off shore turbines up in the 7MW range, imagine how little an improvememnt on your cost base you need for a $7MM investment.
Maybe it's the accountant in me but cost reductions alone will pay for this thing and I actually like those more than the revenue upside. The 15% increase in efficientcy is just a bonus to me. This thing will sell itself as soon as windfarms pick up and if you don't think wind farms will pick up then I would stay away from CTW. Otherwise this is a no brainer and later this year when the first major order is announced we will all be laughing.