Well, for those reading my posts, let me say that
Post# of 2022
Well, for those reading my posts, let me say that I have done the research on rival technology and on the market itself. First of all, the gap in the food testing market is so large that it will take years to fill once this technology is released. That is a fact. My guess is that EVERY lab in the world will have the MIT 1000 sitting on their work tables. More, I think the MIT 1000 will replace the old tools that are selling today.
Secondly, the call for better technology in food testing is alarming. While present methods seem to work mildly, there is still a very large threat as more and more food recalls shut down food companies or create massive losses. And with global food exchanges today wanting more protection, it stands to reason that sales of the MIT 1000 can earn Micro Identification Technologies a handsome amount of money in the years ahead.
Thirdly, the MIT 1000 will sell for about 35,000. Multiply that figure a million times and see what you get. As McDonalds boasts of the hamburgers they've served in the past, what will MMTC be boasting of in the first year of sales? In addition, the MIT 1000 is not the only income stream for Micro Identification Technologies. The real money will come from the library rental each year. At a cost of around $3,000 a year, each company buying the MIT 1000 must use cloud technology owned by MMTC to protect anyone from stealing the algorithms. As such, there will not be any physical software involved in sales. There will be rentals, leases and purchases of the MIT 1000 as food testing labs begin using the library. So, as we can see, money will roll in like a flood, in my opinion. For rentals and leases, a 3rd party will handle those. The MIT 1000 will be sold to a 3rd party from which leases and rentals will apply. This way, every lease and rental is a sale for MMTC. I could share more, however, all will become more clear to investors as time moves ahead.