New update on 4/3. The system is entering the final stages of assembly. Efforts are focused on ensuring that the CIGSolar co-evaporator is configured according to design and meets the rigorous design criteria:
The fact is, these big machine deals take a long time to deliver. Recognized revenue can lag by several months. For example, on the 300 GPM system, Origin Oil will have banked 85% of the money (as pointed out in the release), and still not be able to recognize even a dime of the sale as revenue.
Over time the lag gets caught up, but that's the place where Origin Oil is right now, right at the beginning of their business. Sales and cash flow are great, but the revenue numbers don't reflect that... yet.
WEST PALM BEACH, Fla., March 28, 2012 (GLOBE NEWSWIRE) -- BeesFree, Inc. (OTCBB:BEES.OB - News)today announced that the Company has filed a Technology Patent with Italian authorities regarding its innovative technology that aims to mitigate the effects of and potentially serve as a cure for Colony Collapse Disorder (CCD).
Honeybees have been mysteriously disappearing across the planet more and more frequently, vanishing from their hives. Known as Colony Collapse Disorder, this phenomenon has created a crisis within in the beekeeping community, a critical industry responsible for a majority of the world's fruit and vegetable production. Bee pollination is responsible for $15 billion in added crop value, particularly for specialty crops such as almonds and other nuts, berries, fruits, and vegetables.
BeesFree's patent-pending formula and delivery system are presently the only integrated solution available to combat the known effects of CCD in a global market whose size measures between $2 and $3 billion.
This patent filing will be valid for all countries that belong to the Patent Cooperation Treaty (PCT). The PCT is a treaty that makes it possible to seek patent protection for an invention simultaneously in each of a large number of countries by filing an "international" patent application. A list of participating nations of the PCT, referred to as "contracting nations," can be seen here.
Barzano & Zanardo, the leading Intellectual Property Right (IPR) law firm in Italy, represents BeesFree's for the patent filing process. The application will be forwarded to the WIPO (World Intellectual Property Organization) in Geneva, Switzerland.
"This marks a very important milestone for our company which will allow us to increase our sales and marketing efforts in several nations. Because our technology is designed to be effective in combating CCD on a global scale as honeybees' physiology and behavioral patterns are quite similar across different environmental and climatic conditions, we expect to experience great demand for our products worldwide. With the filing of this patent for all PCT nations, we are an important step closer to being the leading provider of products to fight and potentially eliminate the multibillion dollar worldwide problem of colony collapse disorder," commented Mario Sforza, BeesFree's CEO.
From the website: The global sweetener market, dominated by sugar, had an estimated value of $58.3 billion in 2010. Stevia is one of the fastest-growing newcomers in the $6 billion (est.) sugar substitute market. This includes artificial chemical sweeteners as well as naturally derived non-caloric sweeteners.
The global sweetener market is growing at 2% to 3% a year. There are two main segments, sometimes called natural artificial, but also called nutritive and non-nutritive. Nutritive sweeteners include sugar and high fructose corn syrup (HFCS); non-nutritive sweeteners include zero-calorie High Intensity Sweeteners, e.g. artificial sweeteners such as aspartame and sucralose, and naturally derived sweeteners such as stevia.
Sugar/HFCS comprise 80% of sweetener market and are growing in-line with population expansion. Non-nutritive sweeteners are projected to grow at 5% a year between 2008-2015. Artificial sweeteners have been dominant but the trend is toward natural sweeteners, according to a Raymond James publication, Agribusiness.
In an August 2011 report, market research firm Packaged Facts said artifical sweeteners Sweet ‘N Low (saccharin), Equal and Nutrasweet (aspartame) all saw sales drop in 2010, while natural sugar substitutes saw sales increase. Stevia sweetener Truvia’s sales jumped 73.7% between 2009 and 2010.
Sales of Splenda sucralose, the leading player in the US retail/tabletop sugar substitute market, dipped 5.6% from 2009 to 201; Splenda fell from a 61% share of the retail sugar substitute market in 2007 to 45.5% in 2010, while Truvia and Stevia in the Raw accounted for 13.8% of the market in 2010. Equal went from 12.4% of the market in 2007 to 6.5% in 2010, and Sweet N’ Low fell from 13.2% in 2007 to 11% in 2010.