Saturday, October 8, 2011
Getting funding and Purchase orders
I haven't made new posts in the past month or so, because price and term negotiation is normally confidential between the two parties. I had analyzed the Innogetic quotation for development costs and for unit BOM costs; then I met with the Evergreen Board of Directors, of which I'm a member, to get approval. I assembled a project update and quotation summary in a power point for the board. This was well received, the board was happy with the progress and the prospects. There were some minor issues to clear up like logistics details and how we could use this project for fundraising. Today, I'm am preparing the Purchase Order for the Faith, the Evergreen President to sign; once Innogetic receives the PO, they will proceed with procurement and building prototypes.
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