yes, for new technology like this, validation of the tech and the first lot of small commercial orders are the hardest check point to reach and often take the longest time. Once these two stages are passed, the investment become significantly derisked. The next challenge is bascially maintain or build new competative advantage in order to penetrate the addressable markets quicker than your competitors.
in the recent presentation, Warwick was asked about what the competition is like on the high end graphene market. He mentioned many other producers make graphene in batches, which creates consistency. For buyers to place a massive order, quality consistency is vital. https://youtu.be/OyCKEyn6DQU (at round 19minutes)
also in a interview with michael bell recently, he too, mentioned that there is no real competitor in terms the volume as well as high quality and repeatable products that fgr can offer. https://youtu.be/_NS5uCU5O14 (At round 18minutes)
so in my view, fgr is very unique and competitve in the industry, which make me feel confident that the the deal with Gerdou will be sucessfully signed within a couple of months max, if not by the end of June.
FGR Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
