TSXV:MRS.H - Post by User
Comment by
Statesman007on Oct 06, 2016 6:51pm
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Post# 25320098
RE:RE:RE:RE:RE:RE:cool interview with Rod P CEO of v.mrs and shock technology
RE:RE:RE:RE:RE:RE:cool interview with Rod P CEO of v.mrs and shock technology
Thank you!
MRS bid the contract without a plant, they expected to be able to outsource it. There are a number of companies who have been delivering body armor into the military for many years who are willing to fight it out with very small margins, 5-10 percent. Now MRS has a plant but it will take a very long while to get any efficiencies and experience. There is no way they will be ready to make any armor of any kind in a cost effective manner for 12-18-24 months.
My only comments have been this is all a pivot, embrassing the real market and its a market that is experienced and it will take some time, 12-18-24 months before this "start up" is ready to compete with the embedded industry.