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![]() GBM wrote: But they do seem to be having problems in commercialising the SperalSolar units . . . No kiddin'! May 21st, 2006 blog snippet: "Ouch! is what we could hear ATS Automation shareholders across the world say when they heard of the over $60million write-down for investments in the Spheral Solar Technology they bought from OPG a few years ago. In vastly underestimated the difficulties in putting this technology into a "profitably reproduceable format". I can understand ATS Automation thinking that given its long history in production automation, that it could do what it took to make the process work. However I suspect that they have been so aggressive with the writedown because they frankly no longer believe it can work. Down the tubes goes about $20M of Canadian government funding with this promised project." |
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