So, if REFR revenues increase at the rate projected for ElectroChromic glass, that will still leave them short of profitability in 2015.
Several REFR patents that would be important, if SPD was important, expire this year. In spite of weak claims that REFR is protected by additional patents, no promoter has been able to identify which other patent gives meaningful protection. It should be obvious by now that REFR does not have a crackerjack technical staff. It has taken technical expertise from Hitachi and Pilkington (not to mention previous licensees) to get SPD to the market.
Yes the patent issue comment was a concern and we have had others come on this board and say RFI's patents will run out. But I had someone of experience check this out for me (not RFI members, no trust there) and found no issue.
And back to the issue of price. You're right those fees are a non-factor.
Hitachi must decide if they want to sit on an almost idle factory or a fully utilized factory.