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"Completion of our operational milestones confirms our confidence in delivering our commitment to materially increase operating cash flow in 2014". he said.
Of course, the funding is subject to hitting certain product and operational milestones and gives Fortress four percent of the company's equity, according to the BI report.
The unfortunate downside of today's environment is that many of the companies raising huge amounts of capital do so well before they've hit key operational milestones.
Though the company has been facing a downward spiral for quite some time, the company did manage to somehow secure $100 million in debt financing from Fortress Investment Group this past December, though it reportedly was only able to access that full amount if it met certain product and operational milestones, which it has not done, according to the report.
Loans payments were based on robust technical, financial and operational milestones.
We've come a long way since then, setting operational milestones often.
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Professor Chien defines significant operational impact resulting from a demand letter as being a business strategy pivot, product change, delay in hiring or meeting operational milestone, reduction in value of the company, and/or shutdown of the business.
Getting X-10 operational was another milestone in the plutonium project.
The roadmaps illustrate not only the technology procurement (to TRL-8) paths for specific missions envisaged in the present timeframe, but also the achievement for Europe of technological milestones enabling operational capabilities and building blocks, essential for current and future Exploration missions.
The day that al-Awlaki was killed, President Barack Obama said his death was "a major blow to al-Qaida's most active operational affiliate" and "another significant milestone in the broader effort to defeat al-Qaida".
During the year there were notable impacts in other areas of the biological sciences as well, including synthetic biology, where researchers successfully programmed individual mammalian cells to carry out basic molecular arithmetic functions, marking a milestone in the synthesis of operational biological systems.
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operating milestones
implementation milestones
operational differences
operational responsibilities
operational terrorists
operational risks
operational specifications
operational data
operational problems
operational qualifications
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operational flights
operational advantages
operational details
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