Take a look at the initial cost of Solar power on the rooves of houses which we have. Ten years ago the 7 panels cost us about $13,000. It was all new with everything being imported in relatively small quantities from China, Taiwan and Sweden.
Today with Solar now in volume installations and components being import by the ship load rather than container load, you can install 30 panels for less that what we paid for our initial 7 panels.
Once the technology is proven and the installation process refined, CWE IMHO, will move from an initial proof of concept model to a mass customisation and implementation model and you will find the cost will fall dramatically.
I spent 20 years in the insurance IT package development business. The first customer install was always very costly, but once installed we then moved to a mass customisation and implementation and made a squillion.
I don't see this being any different. The R&D has been made and the first customer installed. The next phase will quickly become history and we will all be the richer. So hang in there for the ride up!!
CWE Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
