2005 proved to be an active year for REFR after (by REFR's standards), as progress was arguably made towards no less than two of the twelve items on the REFR announcement scorecard. "Plans" were announced by Isoclima to introduce film into the market, in conjunction with their demo display at an Italian glass show in early October. Then, soon thereafter, details came to light regarding a church construction project in Arkansas, which, as things stand, is currently slated to incorporate SPD window shading. Whether that actually comes off as planned remains to be seen, and then there's the question of what qualifies as a "major" architectural project. Since there has been no announcement as such, we can't really give them a "yes" on that one yet anyway, but it is something that may be showing up in the coming weeks.
On the downside, the jumbo jet announcement looks dead, and the marine and automotive markets look very distant. And of course, as things stand, the money is scheduled to run out just about one year from right now, so more share dilution is on the way, assuming they can find someone to front for them for the next round. But that's the fun of this: even with a company as predictably unproductive as this one, there's still so much that manages to remain shrouded in mystery. Let's watch and see what 2006 brings to Woodbury. shall we?
Monday, January 02, 2006
Subscribe to:
Posts (Atom)