market cap 8mil at 1.4 watch this space !, page-3

Carbon Foam Panels for Other Markets
The smaller, but potentially nearer-term markets, include composite tooling, which is
currently the most common commercial application for CFOAM produced via the batch
manufacturing process, as well as several others for which CFOAM is being considered.
Tooling board for carbon fibre composites is one of CFOAM’s most successful products.
CFOAM products are competitive in this space. We estimate CFOAM still has less than
1% penetration into this market. If cost could be further reduced to a point that enables
direct competition with polymer foam, CFOAM could conceivably capture more than 50%
of this market and consume ~133,000 tons of coal annually.
Finally, CFOAM panels have shown promise as a blast resistant material for use in lining
the walls of buildings to absorb the impact of explosions and flying debris. Blast resistant
structures represent a US$2-3 billion market. Crash resistance in vehicles is another
application that could find widespread use as composites continue to find their way into
autos and trucks. Fire resistant, lightweight CFOAM is an ideal material to pair with
carbon fibre composite. We believe these applications could consume over 300,000 tons
of coal annually.
All of these opportunities described above can be pursued in sequence as cost is reduced and
capacity expanded, with the ultimate goal of attaining widespread use in construction and
infrastructure.