posted by gutThe amount of money involved...the ENTIRE MARKET rallied 5% on this news. You go to jail when you make news like this without having all your ducks in a row.
Big deal to be first. It IS a race, especially for someone like Pfizer that didn't have a govt partnership in this.
Kind of known about phizer for a month or more but couldn't say anything about it as we are under a confidentiality agreement.
Our company is engineering millions of dollars of equipment for the ramping up of this program. We had the order a month ago and they needed the design and fabrication done by the end of the year, specifically for the vaccine they were going to have done.
Also working with another company that specifically makes the ampules (little glass tubes) that hold medicine/vaccines and ramping up their glass melting/producing facilities in Q1 of 2021 as they know production of their ampules will increase by a lot come Q1. This project is one I am directly working as it involves oxygen/natural gas combustion in the glass melting furnaces.
Our engineering office literally tried to say no to phizer because with the economy coming back so well we were drowning in work. They kept raising their price they would pay until we said yes and basically had to tell other customers they would not be getting their systems until Jan/Feb. It would be like going to the car dealer and wanting an F150 for $40,000 MSRP but they are sold out for the next 3 months. You keep upping how much you will pay until you can get one ahead of someone else and you end up paying $100,000 for the same F150, but you get it in a few weeks and someone else doesn't get theirs until January.