Ann: Licensing agreement to manufacture PFOAM, page-79

The US Navy has tested and validated cfoam and is currently a customer..

For the new contracts...

They have trialled it, done a prototype, trialled that and now are going to do sea trials.

They have set up a committee to work out the volume of cfoam the navy will require both now and in the future and how cfoam will meet the production requirements..

I mean it doesn't get much closer to being finalised than that... except once they have signed on the dotted line...

The navy deals are expected to be worth about $100 million US... and that's just one customer.....

Plus we now have PFoam...

We should be well over $1 on what we have and the progress made towards these contracts being signed.. ie. the near term potential... yet we sit under $50 million market cap...

????????