Couple of things here for me. Firstly, the split of funds is to be determined and me or may not get announced, but either way you would think Bluglass would get at least US $1m of that pie. Thats almost A$2m, and getting higher by the day.
However, for me, the very fact a small minnow like Bluglass is being named in a specific silo of a US Government Program designed to recognize and accelerate business and technology in sectors the US recognizes that it has shortcomings is simply fantastic because the momentum and tailwinds that Bluglass will receive should be tremendous, from customer appreciation and future funding. I have no doubts Bluglass will have no issues raises any future funds it may require. It would also be nice to have this recognition translate into some further sales contracts, even if pilot contracts with a wide variety of customers.
This may just be one of the best announcements and developments for a long time.
Accumulating
BLG Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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