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Thread: New Matter updates
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02-12-2015, 08:16 AM #11
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Well, this week's update was huge and has several parts. (which I'm presenting a bit out-of-order, and one part is already covered in Eddy's post on the $6.5 million in Series A funding that the company just received from investors.)
The main part of this announcement from a technical perspective is the factory tour and the first parts off of the production tooling. As a first part, the goal here was more to assess the manufacturer and get a realistic view of their capabilities moving forward. Consider that while injection molding a part takes seconds, manufacturing the molds for each part takes from three to six weeks. Thankfully, not every part of the MOD-t is injection molded, but there are almost certainly a few more molds for this factory to make before mass production goes forward at full speed.Originally Posted by New Matter
It also thoroughly and definitively answers one question that's been on lots of minds: "When is the MOD-t getting delivered?" Well, I'll just skip all the details and go right to the meat of this.Originally Posted by New Matter
Lastly, while it wasn't a specific bullet point, it was mentioned that the MOD-t will very likely hit retail later this year for close to $400 (I would assume that means $399) If it seems like a price jump from the crowdfunding price, consider that these guys will have to pay their investors, distributors and retailers in addition to the cost of simply making the product. Bits like that add up pretty quickly.
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