Here is a link to the latest conference call recording https://micro-x.com/quarterly-business-update-call-recording/
Key comments - 6 quarters of cash based on current burn rate, which will be supported by further sales. - SAAB ADF contract valued at around $1.3 mil will be finalised soon. Sale of Rover to ADF will provide good reference when approaching other NATO countries. - Two Rovers are in US for DoD demonstrations. Two video conference have occured so far and were well recieved. In person demonstrations have been delayed by COVID. - Carestream think there will be further orders of Nanos soon with the massive second wave of COVID thoughout Europe and US. Current production is 2 Nano/Rover per day. Getting great feedback from AU sites based on its mobility and ease to disinfect. So ideal for use in COVID related activities. - Excellent progress in design of mobile backscattered imager for bomb detection in partnership with Thales. Patents will be filed for design, which will have a lower cost and shorter time to market then initially expected. Some delays while waiting for special detector from the UK, but is in transit now.
Give it a listen yourself, just what I pulled out. This announcement just adds to everything else. Good luck to all.
MX1 Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
