I met with Scuderi today,
I met with Scuderi today, speaking with Nick Scuderi as well as Bill Wrinn, director of Marketing. Regarding IPO rumors, that is not even hinted by anyone at Scuderi for obvious reasons. The SEC would have a fit; and rightfully so. So take that off the table. Fact is, Scuderi is a privately held company and will remain so for now. That does not mean it could never happen, but it would have to be an official statement so that the SEC would be OK with it.
Regarding patent app spending, be happy they are enaging that. Fact is, Scuderi is NOT an engine manufacturer. Their business model is based on intellectual property; meaning, that is their only product. So any expense to support, protect and develop new pieces of that property is a wise move from what I can see.
I share you impatience, though. All investors experience that, especially when you are a passive investor. Hedge fund managers experience this kind of outside pressure as well.
My take is, the auto industry has come a long way accepting the split cycle approach, but they are still rationing funds toward its development. Obviously not everyone is getting it, and are getting stuck into an electrification paradigm. Unfortunately, the cost is killing all of us.. Scuderi at least has OEM interest popping up around the world; and those sources must be protected due to confidentiality agreements.
Nonetheless, Scuderi is still developing, and will continue. I would like to see an engine inside a vehicle, too. I think it would be in their own best interest, but their business model seems to imply otherwise; in other words, they prefer to find an OEM, then work with them on the development. One thing for sure, the tech is alive, well, growing in stature.
Hope this answer helps for the time being. Your investment horizon has to remain long term, but be apprised that the horizon has gone from 8-10 years in 2010 to possibly 3-5 years as of this year. So, the timeline is shortening.
I interviewed Hugo and Oded Tour of Tour Engine, and will have a report on their take as well. Perhaps we will see a split cycle as a generator engine for range extending before anything else. That's just a personal opinion, but not out of probability.