Last 6 months, management has been busy hiring key staff, setting up the manufacturing facility at Cirtonics in anticipation of scaling up when orders start arriving and now building distributor network across the globe. In the last few weeks, we have got distributors in South America, India, America and Europe. Wouldn't be surprised to see one in China , Australia too.
Once they start placing orders, we will see large commercial scale orders. While today's announcement was good in terms of validation, the rerate will take place when see $$ in the contracts and financials.
UUV Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held