RE: RE: where are you going5 May 2021 23:32
There were bound to be problems with a small company manufacturing their own masks. It takes months to get things up to speed. But those who are truly invested pay particulat attention to the end of the RNS:-
With the future direction and strategy for P2F now much clearer, the Company is commencing the search for a new Chief Executive Officer.
In the meantime, the immediate focus is on continuing to grow the mask sales and completing the development of a couple of new products in P2F, alongside finalising the consolidated accounts for the RMS Group, which the Company plans to issue around the end of May ahead of holding an AGM around the end of June.
Antony Legge, Executive Chairman, commented; "At the start of last year, prior to the pandemic, P2F was a small research driven business with a unique way of manufacturing nano-materials such that the size and shape could be tightly controlled, which was developing products for the agricultural sector that utilised the properties of nano-particles to be more easily and quickly absorbed by both plants and animals.
"With arrival of the pandemic, the team realised that they were in a position to assist society by embedding copper nano-particles, which have proven anti-bacterial and viricidal properties, into face masks. The commercial and technical challenges along that route should not be underestimated and the team deserved to be congratulated for all that has been achieved to date. In addition, the work on the mask has led to the development of other, and potentially more exciting, products.
"While the team had hoped to be in a position to secure larger orders sooner for P2F's ProLarva mask, it is only recently that supply chain issues have been resolved such that P2F has the capability to meet any large orders and we look forward to announcing further sales progress in due course.
"Long term, the Board is committed to building up the research and development side of the business, marketing the ability of nano-materials and out-sourcing the manufacturing to third parties."
Success will not happen overnight and neither will the effects of the current covid 19 pandemic be gone overnight even with vaccinations. Preparations will also need to be made to have sufficient PPE and RPE to control future pandemics.
Is the glass half empty or half full?
Regards all