It's been 511 days since the last comprehensive operational update on April 30th, 2013. Yes - I realize the company has provided other updates in the form of press releases and website updates, but in lieu of shareholder meetings, this needs to be a more-frequent channel of communicating company progress.
How about an updated operational summary?
I've seen the photos of the boxes. I also know who they were shipped to - but I won't post this information because it will only result in people from the various message boards harassing the customer.
What I want to know is what the financial state of the company is, and I won't know that unless they post updated financials including a progress report on the current state of marketing, sales, and business development.
Certificate of Analysis
Prepared Media, Test Kits, and Reagents
Product Name Nematode Media Plate
Container Size 15X100mm monoplate
Catalog # NGM100
Nematode Lot # N110710E1301
Certificate Date 08/29/2013
The PDF link is broken for some reason. If you change the filename from FC-Fragment.pdf to FC-Fragment.pptx it should work to download the Powerpoint version of the presentation.
I've read the most recent posting on the company website. It's apparent, to me, that one challenge facing this company is elevating its profile. It needs to become the de facto solution for microbiology testing in at least some of the industries where it can be applied. To accomplish this, I recommend they reach out to both Charity Water and Water dot Org. See whether there are opportunities to partner with either or both organizations. This accomplishes four things.
First - The regions of the world where the product would be tested are an ideal match for the product.
Second - It puts the product in the hands of entities far more nimble than government entities operating in less-regulated environments.
Third - It elevates the profile of NanoLogix by partnering with these more-established organizations.
Fourth - It helps people with crucial clean-water needs.
These are large, established, respected organizations with tremendous resources at their disposal to apply the best technologies towards solving the global water crisis. It behooves management to explore whether a partnership with either organization can help them address their clean-water needs while helping NanoLogix grow. Request a meeting. Setup a call. Send them a dozen flat-packs with technical details how this can be applied to their situation. Show them a preview of the EPA water study findings.
Whoever has the ear of management - make this happen.
They host with "Bluehost" which has been experiencing network problems over the past couple days. Has nothing to do with Nanologix. Every customer of their has been down.
According to the publication that came out today, the results from that study were also presented at the 33rd annual Society of Maternal Fetal Medicine meeting which took place two weeks ago between February 11th - 16th.
NanoLogix Bacteria Detection Plates Break Longevity Records Using Anthrax as Reference Bacteria
NanoLogix Demolishes Competition In Room Temperature Storage Tests
HUBBARD, Ohio--(BUSINESS WIRE)--NanoLogix Inc. (OTC: NNLX), the biotechnology company focused primarily on rapid diagnostics, is pleased to announce independent tests show extraordinary success in testing of a revolutionary new packaging technology for the long-term, room-temperature storage of Petri plates used for bacteria detection. Tested with Anthrax as reference bacteria, and designed for use in detection of a multitude of bacteria, this achievement may be the biggest single improvement to century-old Petri-dish-based technology in decades.
NanoLogix nitrogen-charged FlatPack Petri plates stored at room temperature for six months provided growth and detection of Anthrax equivalent to competitor's new Petri plates, according to results of third-party testing conducted by a large independent laboratory. The nationally known competitor’s product delivered degraded results after just two months, the lab said, citing results after testing had reached a six-month comparison point. All tests were conducted using Tryptic Soy Agar (TSA), a world standard nutrient agar for bacterial detection. The tests also demonstrated an astonishingly reduced time to results of 14 hours for detection of Anthrax with NanoLogix FlatPack TSA, compared to historic norms of 24 hours using the competitor TSA.
FlatPack room-temperature preservation technology leapfrogs current standards, under which TSA petri plates remain usable for only three months in cold storage – that is, 2 to 8 degrees Centigrade, or 36 to 46 degrees Fahrenheit, according to NanoLogix. FlatPack technology eliminates the need for refrigeration of TSA and extends the usable life of the TSA agar by multiples of what is available from competitors. In addition, FlatPack technology provides for easy visibility of all ten plates per pack for quality inspection, and reduces or eliminates breakage during shipping and storage. After shipping tens of thousands of plates, NanoLogix has been told by customers that not a single plate has broken.
The testing showed reduced results for the competitor’s Petri plates after the first two months of testing at room temperatures. At that point, NanoLogix Petri plates provided results essentially identical to new plates. After four months at room temperature, the nutrient agar in the competitor’s Petri plates had completely dried out and was unusable for detection, while NanoLogix’s Petri plates again provided identical results to new plates, the third-party lab said.
After five and six months at room temperature, due to the desiccated nature of the agar in the competitor’s Petri plates, the lab changed comparison for control purposes to compare NanoLogix’s Petri plates to the competitor’s fresh, just-delivered nutrient plates. At both data points, NanoLogix’s Flatpack-preserved Petri plates provided the equivalent in detection results to fresh Petri plates.
The current testing process, a follow-up to the successful one-year cold storage tests for NanoLogix TSA that were completed in 2012, will continue for an additional six months.
NanoLogix to Exhibit at the American Society for Microbiology (ASM) BioDefense and Emerging
Diseases Research Meeting in Washington DC, 25-27 February 2013.
The Company will exhibit its technology at booth 38 in the MARRIOTT WARDMAN PARK - HALLS B SOUTH & C, 2660 Woodley Rd. NW, Washington, DC 20008
Thanks. Keep in mind that charity:water wouldn't necessarily be looking for donated kits. If the technology NanoLogix is able to provide solves a problem, it could be part of what they spend their fundraised dollars on. Last year they spent over $17 million towards clean water projects - all of that was from fundraising campaigns throughout their year.
They're really doing tremendous work. I see NanoLogix's technology as a potential piece to their puzzle of solving the problem of unsanitary water ... but it's not the kind of thing where it would need to be an out-of-pocket spend from NanoLogix by any means.
Anyway, thanks again.
I wonder whether NanoLogix would consider reaching out to charity:water.
For those unfamiliar with the organization, they've built an organization that has raised millions to help fund clean water projects in parts of the world where clean water is a luxury. Seems like it could be a natural fit for some of the water-testing technology NanoLogix provides. Low-tech, portable, and fast results in a part of the world that's not overly regulated. Applying the company's water-testing technology towards verifying the water quality of what's coming out of the ground could be a great complement to the operation charity:water has built - and also help increase awareness of the capabilities of NanoLogix's products.
If anyone speaks with Brett, you might suggest the potential opportunity.
So I downloaded the two new photos to do some research on their exif data.
This is what I found:
Camera: iPhone 4s
Focal Length: 4.3 mm (in 35mm: 35.0 mm)
Exposure: 1/445 sec; f/2.4; ISO 50,
Normal program; Pattern metering
Image Size: 200 × 150
Resolution: 72 Pixel per Inch
Flash: Did not fire
Latitude: 41° 9' 58.2" N
Longitude: 80° 34' 4.2" W
Altitude: 307.00 m
Timestamp (GMT): 2/14/2013 – 4:27 PM
Creation Date: 2/14/2013 11:27 AM
The latitude and longitude coordinates match the location of their building.
I saw no evidence that the photo time-stamps had been manipulated, and I infer that these photos were taken yesterday morning.
Great discussion thread.
My biggest complaint about the past years has been the same as many - lack of transparency. In my opinion, the company would be well served by a virtual investor to avoid misinformation, speculation, and be as forward as possible with shareholders about where things stand.
Make a list of every anticipated deliverable from past press releases and the comprehensive summary from last year and provide a status for these items. Active / Cancelled / Postponed / Failed / Successful.
Other things I'd like additional information about:
1. Does Sergey have any impact on the company's ability to move forward? If so - what is that impact?
2. How active has the relationship been with the Battelle, and what do the next 6 months look like?
3. How active has the relationship been with the EPA, and what do the next 6 months look like?
4. How active has the relationship been with Arnold & Porter, and what do the next 6 months look like? The first mention of them was from a July, 2009 press release.
5. They've reduced their staff headcount by one - Tamara Lerman is no longer their Production Supervisor. What was the reason for this?
6. What tangible benefits have resulted from current and former Science Advisory Board members?
7. How much "runway" does the company have with current funding?
8. Are your clean rooms producing anticipated yields of contamination-free products?
9. Itemize the percentage of each manufactured product as: sold for profit / provided as samples to prospects / provided for free to partners / provided at cost to partners / disposed of prior to sale.