Currently, we are just starting to work through a $24 million backlog of our LED fixtures. Because of this growing demand, I have been working to establish additional partnerships with highly regarded companies in both Europe and the United States which will provide not only additional mass manufacturing capacities and distribution coverage but also sales for our growing line of LED fixtures.
I have identified potential partners for both the European and the US markets, and negotiations have been extremely productive to date. I expect to finalize these partnership agreements during 2013, and have again challenged our team to start bringing these additional high-volume manufacturing capacities online before year-end 2013.
NOTE: According to Yahoo! Finance, EvoLucia’s sales in the most recently completed 12-month period were $3 million (compared with the backlog number above). The company has $979,000 in cash and $3-plus-million in debt. Recent stock trades have been conducted at 2 cents per share.
Source: http://electricalcontractor.com/?p=8650
contractor electrician electrician electrical contractor journeyman electrician
No comments:
Post a Comment