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  • wtblanch5 wtblanch5 Apr 26, 2011 4:29 PM Flag

    Shorts Should Cover: News Imminent

    So if the UL certification comes sometime reasonably soon (before the 5 months you refer to,) are there any deliveries (not sales) that will be booked during the 5 month period?

    Or is it just that more sales of V3 might then be announced, but not delivered AT THE EARLIEST till that 5 month date?

    I know we got some "upfront" payment in the Korean deal, but that's not the usual course of what we might expect, right? Generally you don't get paid till you deliver ...

    How does the certification work when you have multiple versions?

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    • I'm referring to 5 months b/c the V3 isn't scheduled until September and this deal with Honan really does not get going until a V3 is delivered to them.

      Yes, a couple of orders will ship when we get UL certification which was supposed to be end of 3rd Quarter. Now, I'm not sure if its fiscal year 3rd quarter ending September or their third quarter, which I think they are in right now (although I could be off on their quarters).

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