We continue to hand build small quantities of New55 FILM and are getting OK results, some that are posted for you to look at.
The plan for manufacturing and tooling is continuing to be refined.
A budget is in place.
Soundwave is continuing to make some investment and paying for materials and some of the labor, and has a dedicated lab allocated to the project now.
We expect to revisit the budget after the NY film festival.
Patent applications, and other preparations are in place.
We have ready sales channels available.
The basic work of defining the materials has been done, but there are still some supply problems that will need to be resolved. Emulsion and receiver paper supplies are identified, but require business development that would come after firm funding.
The recent success of TIP's Kickstarter project has led several people to bring that up again. We have been signed up on Kickstarter for over a year but have not tried crowd funding because we do not have the infrastructure to support the customer service and fulfillment functions that would be needed. However if those resources could become available in the Boston area we would consider it, but it would also require a high funding goal.