Are the two even really competitors? I own both, so obviously...

Are the two even really competitors? I own both, so obviously want both to do well. But they can both do extremely well if they get the next year or 2 right. One is wire arc manufacturing, the other is cold spray. One can do things the other can't, and vice versa.
They have similar clients and target sectors, but the scope within those sectors is immense. The upside is massive for both.

In regards to the concerns, I'm happy to wait. The update didn't bring anything new to the table, but I'm sure we are on the right track. This is evident in the current clients we are working with, and the recent board appointments. I think with some clients, getting "set up in the system" or getting our foot in the door is the hard part. Once we provide a part, and it's proven to work / be viable, imagine getting a P.O for 100 of them? or 1000 of them?

The thing is this industry is just getting warmed up. I'm looking forward to the next announcement.
We just need to be patient.