500 Torch Contract SignedAs indicated by Peter and the hint that shorters should worry next week.
I think the signed contrat with Vale will be for 500 torch deliver over the next 3 to 5 years. This will be a major announcement in few weeks.
FAT test just formality for any equipemnt in front of the customers to witness. I have done this so many time witnessing FAT in electrical industries. All the FAT test generally done in advance by the equioment manufactures (Pyro) and they have all the results and the equipemnt passed all the FAT test, Now basically customes will witness all the test and Pyro will wine/dine the customes for few week before the signed contrat.
I am not sure what type of FAT testing will be done. Generally these are the test as follows:
Contact Resistance
BIL (Basic Impulse Level)
Ratio
AC or DC hipot test
Operation test
Control test
Voltage/Current
Good luck to long term investor of Pyro.