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.
William B Smith
Chairman and CEO