This statement is meant to bring to your attention the progress that we have made so far regarding the development of the new product in the company. The production team has done a great job and is in the process of acquiring inventory that will be needed for the purpose of product manufacturing.
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The production team will be greatly indebted to you if necessary support is accorded to them during this time. We have conducted various market tests as well as extensive research into the use of this product to our target markets and the response we have got so far is very promising. The target markets have already been mapped out and we are sure of the various market segments that we need to target and where additional marketing would be important.
A fireless cooker does basically what seems impossible. It cooks food with no need of fire. Perhaps this might sound surprising. It works on the principle of steaming and heating. The walls of the cooker are insulated so that heat once trapped cannot be lost when cooking. It hence can be used for the purposes of cooking food or maintaining food in hot temperatures for periods lasting to 8 hours. Basically, clients will be required to slightly heat the meals they want to cook until boiling point.
When boiling occurs, the food is well covered in a dark cotton material and placed in the cooker and the lid is shut tightly. Depending on the food being cooked, cooking time may be controlled until the food is ready. Hot water and hot beverages can also be preserved using this cooker. The advantage of this product is that it helps cut down costs associated with electricity or gas needed for cooking as heating is done slightly.
We have already sold out 100 samples of the cookers and the response from the market has been amazing. We have 1000 orders within two days and we are sure we will hit the 100,000 mark within one month alone. It is a viable product which should receive immense support.