The latest REFR gambit being flogged on the boards stems from an article in the Billings (Mont.) Gazette regarding Volkswagen's research and development work on SPD shading in windows. The article references an experimental Touraeg... Torueag... Toerag... that new SUV model, with windows that can change from a clear state to a dark state yada yada yada we've heard all this before.
Oh, and someone found a video which mentions just about everything the VW research center is working on, including, if you sit through enough of it (I had to resist the urge to click the back button when the Segways showed up), the switchable windows.
Okay, first of all... Billings, Montana? As best as we can tell, this appears to be the only newspaper in the country to pick up this story. Can it be that the rest of the country has already been saturated with "first impressions" of SPD?
Secondly, this represents no advancement at all for SPD. The big Setra rollout that ultimately went nowhere for REFR and SPD Inc. is several steps down the road from where SPD is with Volkswagen. Even if this was destined to be SPD's long-awaited big breakthrough, it's several years and at least one significantly dilutive refinancing away from bearing fruit from REFR.
But none of this matters to the people that uncovered this little nugget. It's become clear that finding "something new" has become its own reward, and that actually evaluating the information is something best left to the pedants.
That is what passes for "due diligence" these days.
No comments:
Post a Comment