As mentioned in our last blog, Vu1’s next step was to run lots of 200 and then 300 bulbs to test that the product consistently meets specs. I’m pleased to announce this is complete and both lots passed quality control and testing. The larger lot will be packaged and shipped this weekend and distributed to channel partners as samples.
The components for the next purchase order have been ordered, and Vu1 has paid for this order in full.
I also want to provide an update on our research and development/engineering site in the Bay area. You may be aware that the lease on the first site for the Vu1 office fell through. However, we have identified a new facility and are working on executing a lease. We expect to commence the lease on Feb 1, 2014.
In addition, we have hired multiple engineers in the Bay area to assist in the ramp up of the R30 and future projects.
We are continuing to move forward. I will update you again when pertinent information is made available.
As reported in our last blog, Vu1 initiated a small run of bulbs in late November. We are pleased to announce preliminary testing has been completed and were successful. The isolated instances of component swapping discovered recently have also been addressed and the proper component (a specific transformer) has been properly installed.
Stanley and Cameron will arrive in China early next week to do two sets of final assembly and testing on a 200-unit lot and a 300-unit lot. The separate components are already assembled and I specifically asked for final assembly to be supervised by Cameron.
Back in the U.S., we believe we have found our new space located in the Bay area and hope to take possession of the lease by the first of the year. We have also had a great deal of interest and success with preliminary interviews for engineers for the U.S. R&D facility and expect to be hiring after the first as well.
There is great confidence that the issues have been resolved and we expect assembly of the 200- and 300-unit lots to go smoothly and test well. We expect to get some of the 500 unit’s air-delivered back to the U.S. by the end of next week and ready to distribute to our future channel partners
Assuming all testing of the 200 and 300 lots meets specs, we will begin running the line for mass production as soon as practical.
Our goal here is to move precisely so that, if any issues arise, we can reduce the time and cost of making corrections.
Recently I had the pleasure of being invited to discuss what is happening with Vu1 Corporation and the development of our R30 bulb on the syndicated radio program Home Talk USA with Michael King. King (known to his legions of fans as the “Cajun Contractor”) and I discussed the mission and vision of Vu1 and I introduced his audience to Electron Stimulated Luminescence as a superior option to replace incandescent bulbs as they are removed from the marketplace.
After the program aired on September 28, I was provided information ranking the interest of the interview amongst King’s listeners. Our interview scored substantially higher than the average show. To me, this demonstrates the likely confusion and therefore interest in what is taking place with the BULB Act and phase out of incandescent lamps.
The show was an excellent opportunity to explain the new technology to a new audience and differentiate our product from the bulbs currently on the market. As production allows for bulbs to be available to the media and the public, we foresee many more media opportunities to educate consumers about Vu1 lighting.
For those unable to listen to the Home Talk USA interview live, we have provided the recorded version here. Enjoy.
Once again, I invite our consumers, channel partners and investors to join me on a conference call, followed by a brief Q&A session on Monday, September 30 at 4:30 pm EDT. Below is the call in information.
Conference ID#: 72950681
Operator Assisted Toll-Free Dial-In Number for Participants: (855) 387-0826
Operator Assisted International Dial-In Number for Participants: (937) 660-3995
Invitation: Investor Conference Call
Hosted by William B. Smith, Wednesday, September 4th
Vu1 has commenced shipping and with the completion of our New York media tour, I will host a call to discuss plans for our company and our products.
I invite you to participate in an open call with me next Wednesday, September 4th at 4:30 p.m. EDT. You can expect an update on preliminary shipping, logistics, and distribution followed by a Q&A session. I encourage you to bring your questions, concerns and insights to the table.
As always, I will be candid in terms of where we are at this point, where we want to be and how we will get there. Your patience during this process has been greatly appreciated. It is, I believe, about to be paid off as consumers experience the difference of our “light without compromise.”