Most of the Company’s inventions have demonstrated viability and potential in small scale testing, while others require further development before validation. A third-party, ASME-certified laboratory was able to verify the structural components of U6, and initial functional tests have been extraordinarily promising. Before CMGS launches its products, however, they will be submitted to rigorous laboratory and field testing that will allow the Company to refine its initial hardware, scope of services, and market positioning.
The Company will license U6 production to experienced petrochemical firms, using carefully considered and strictly drafted agreements to ensure CMGS’ long-term interests remain secure in its valuable intellectual properties. The market for natural gas in the United States, despite the current lull in prices, reaches $6 billion per month. This provides CMGS with a substantial opportunity in the $297.7 billion per year Oil Drilling & Gas Extraction industry in the U.S., not to mention developing a global presence as the Company develops and enhances its intellectual property portfolio.
Internationally, due to the lack of hydraulic fracturing to extract gas combined with increased skepticism towards nuclear power, natural gas prices are much higher: by as much as three-fold in Europe and four-fold in Japan. These factors have become more important following the United Nations’ adoption of the Paris Agreement in December 2015, which seeks to reduce greenhouse gas emissions and increase availability of financing for climate-resilient development.