CFRI - Conforce International: Highlights from Marino's Conference Call address...
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- Focus solely on the commercialization of the EKO-FLOR product line
Trailer business
- Peru plant has 28 employees
- Will be hiring to meet tax breaks
- 20% capacity on the plant floor (according to June release), increasing to 30% with additional lines
- Plant made ready for larger scale production in last 3-4 months
- Customized for retrofit for plug-and-play readiness of additional lines
- Resumed fulfilling the CIMC Vanguard order and continue to train its personnel
- Optimizing the proprietary processes of product manufacturing: cycling/debugging new lines to full out delegating manufacturing philosophy
- Chief Technology Officer is responsible for ensuring Conforce maintains lead position as cutting edge technology
- Company will support completing advancement to newer generation manufacturing technology that will pay dividends in increased quality, efficiency and overall profitability
- Anticipate much higher production volume through their engagement with both trailer and container markets
- Patents applied for in 40 countries
- Bayer says Conforce is ahead of the curve of any potential competition in this technology by five years
- Conforce is positioning itself to become the global leader in composite transportation flooring and taking steps to ensure and maintain global superiority
- 250,000 of 450,000 Vanguard order has been realized
- Balance of order was deferred so engineering department could better meet the specific customer requirements in the installation sector
- Engaged at the highest level with nations largest trailer OEM’s
- Touching aftermarket and end users
Container business
- Received further favorable results from container ocean-going trials for EKO-FLOR product compared to standard plywood flooring
- Results show vastly superior savings associated with maintenance and repairs
- Some of the largest lines have repair budgets that exceed 250,000,000 per year, and savings are not easily overlooked
- COA Conference acknowledged industry is no further ahead than it was five or six years ago
- Leading carriers acknowledged their repair budgets have tripled in the last few years and getting progressively worse
- Conforce was mentioned by name in the first few minutes of session as being at leading edge of developing an alternative material flooring solution for the industry
- Moderator spontaneously asked Marino to close the session by addressing the delegates
- He was able to promote the benefits of EKO-FLOR product to the target market
- Conforce is engaged in serious negotiations with the industry for significant volume builds
- Expected to report on their conclusions in the first calendar quarter
- Working closely with Bayer in addressing technology transfer and working diligently with highly specialized groups in transitioning the key Conforce business activities to China
- Expect to commence manufacturing of operations in fourth quarter of next year
- Numerous options are available for financing
- Engaged the services of a Wall Street financial bank to spearhead activities
- Not limited to equity or debt
- Company’s preference is to remain in non-diluted solution
General business
- Overall second quarter financial results with capital expenditures reflect how the company is in the production optimization period of growth
- Costs during quarter were largely associated with establishment and build out of the facility in Indiana
- Company was well capitalized during the period including production enhancements unique to the quarter
- Looking to a very favorable year ahead
- In position to move forward with revenue producing orders normalizing expenses into 2012
- Have sufficient funding required for the year
- Received Cradle to Cradle (C2C) Certification from EPEA
- C2C is a tremendous benefit to the Company and its product
- Conforce is at the forefront of the environment sector
- Extensive study coming out by Bayer and Conforce
Credit to sunarf from hotstockmarket