NanoLogix is in the process of redirecting the Company’s primary focus from research and development to manufacturing. We have begun preparations for construction of a manufacturing facility to produce our BNP Rapid Detection Kits. Production operations will take place at the company's headquarters in Hubbard, Ohio, where we are negotiating the construction and build-out of existing leased footage in addition to possible expansion of our lease area. We are awaiting quotes from providers of modular clean-rooms for finalization of the production area design. The Company has chosen New Brunswick Scientific’s MP-1000 PourMatic® and associated equipment for use in the BNP kit production process. Production with the selected equipment is scalable to 48,000 kits per week, a capability that should enable us to meet the initial needs of a select group of customers and achieve our short term revenue goals.
Ongoing testing conducted by both NanoLogix and their clients has confirmed that the BNP Rapid Test Kit technology has determined the viability of all micro-organisms tested to date in time spans that are 100 to 400 per cent faster than any competing technologies."
You know some of the wording is interesting. From the sentence "Production with the selected equipment is scalable to 48,000 kits per week, a capability that SHOULD enable us to meet the initial needs of a select group of customers and achieve our short term revenue goals. "
Using the word "should" to me makes sound like they have so much that back then. Did they expect so much then, what happened ? What short term revenue goals were there ?
Almost 4 years later are we anywhere near 48,000 kits a week ?