Sarin Tech: delivers a Galaxy 1000 automated internal diamond mapping pdt to Blue Star Group, for use in Blue Star’s mnftrg process of rough diamonds and in its online tenders of rough diamonds. Blue Star is based in India, and deals in the supply of both rough and polished diamonds in India and Belgium…
News is positive, and reflects customers’ keen interest in Galaxy. Up until 2Q10, Sarin intentionally made limited shipments to customers. With the system refinements and IP protection now in place, mgt expects an acceleration of shipments in 2H10. Additionally, a new pdt, Quazar II was introduced in 1Q10, with deliveries also expected to ramp up as the co. moves into 2011. Stock is currently unrated by KE and S&P.
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