Jokstar - previous announcement (excerpt below from Sept 24 Quarter) allude to a lot of background work :
"Sparc successfully engaged with several additional coatings and additive companies, with testing programs either commenced or soon to commence. Sparc has also successfully engaged with several other large end users of protective coatings with a view to conducting field trials and specification testing. Discussions with new and existing collaborators are supported by recent in-house and external data, which validates ecosparc® in significantly improving the mechanical and anti-corrosion performance of commercially available protective coatings"
I wonder if it's just the nature of the coatings and they take a lot of time to demonstrate effectiveness, but it does seem companies need a fair bit of convincing given the length of time (i.e. years) Sparc have been trying to commercialise ecosparc. Like you, I hope there's going to be revenue and contracts soon.
SPN Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
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