"We are still in R & D, and we haven't even calculated the cost for our prototype. That will come next month as we get our final report ready for our Phase II contract with the Federal Highway Administration. And even if we had those numbers available now they would have no relevance to the cost of our actual product.
When you are prototyping, you are buying parts in very low quantities, which is the least cost efficient way possible. When you go into production, you order your parts in the 10's of thousands, greatly reducing the costs. Thanks to our funding from Indiegogo, we are now going to hire a team of engineers this summer, who will help us make tweaks to the design, streamline production and get costs down. At that point, we'll be able to release cost information.
But right now, not even we have that information, so if you read an article where a journalist claims to have any data on costs, you can be assured that they have not done their homework and are quoting another unreliable source or they are making up numbers."
When you are prototyping, you are buying parts in very low quantities, which is the least cost efficient way possible. When you go into production, you order your parts in the 10's of thousands, greatly reducing the costs. Thanks to our funding from Indiegogo, we are now going to hire a team of engineers this summer, who will help us make tweaks to the design, streamline production and get costs down. At that point, we'll be able to release cost information.
But right now, not even we have that information, so if you read an article where a journalist claims to have any data on costs, you can be assured that they have not done their homework and are quoting another unreliable source or they are making up numbers."