Operational Date

Operational Date. The first date on which the Company's operations for the production of the aerogel product meets each of the following criteria: (i) Quality — aerogel products meet the pre-established product specifications and are moved to inventory for sale; (ii) Quantity — one million square feet of aerogel product produced per calendar month for two consecutive months (based upon a 20 extractor plant and adjusted accordingly for any increase in plant capacity); and (iii) Variable costs — less than $.84 per... square foot cast. View More