RE:RE:RE:GroupThink?fleetwood,
One cannot stretch the truth when the truth has yet to be told.
Please review and compare the language from the December 20th press release pertaining to UL Certification and then compare it with that of today's update. If you pay close attention to the language used you may find as I have, that they have one thing in common.....
OBFUSCATION.....which is not something that occurs by accident.
On December 20th, they stated the following:
Exro has been diligently working towards UL certification and remains on track to complete testing by December 31st, 2023. Since our last update we have successfully passed a series of tests and this week have begun the final test requirement at Intertek Laboratories. followed closely by
Shareholders can expect a comprehensive update early in the new year that speaks to both the completion of UL standards and purchase orders specifics Yet today, just 20 or so business days later their statement reads:
"With most of our scheduled testing recently completed, the strength of our innovative cell level control technology pushed the definitions within the existing standards. As a result, adjustments on test procedures were needed to accurately evaluate the unique nature of our technology, requiring additional time in Q1". So, I for one would like to hear the details/facts behind today's statement and what that REALLY MEANS!
- Presumably, the testing group (UL/INTERTEK) has been aware of EXRO's innovative cell level control technology, from the outset? Afterall, all they needed to do was read a brochure, right? We are 8 plus months into UL
- Which Definitions from within which existing standards does EXRO refer?
- Does the last sentence mean that the "adjustments" to the test procedures have been completed? Are they still being developed?
- Does the last sentence mean that EXRO failed the "final test" and is seeking redress by way of seeking changes to certain test methodologies to prove the EXRO technology performs in accordance with the standard?
- The last sentence clearly implies that more testing time is required throughout Q1, but it fails to suggest that this time is booked or scheduled.
Press Releases on critical files that lack specificity & plain spoken detail undermine credibility.
And finally I draw your attention to this statement:
We would like to emphasize that UL certification, while important, is not the limiting factor in the commercialization of our technology.
Well if its not certification, then what is it?