Clearday Inc (CLRD)

[hogfan2]

nice review of SCON...

SCON - 2015 top pick - High temperature superconducting wire

Entered April calls and adding common shares from here onward

Two years late but finally turning new technology into commercial production.
Proprietary leading edge technology for high temperature superconducting wire.
Best in class conductivity and at much higher temperatures than their cryogenic alternatives


Company website
http://www.suptech.com/home.php

No need for cash – They cancelled their existing shelf registration after a dilution in 2013.
First commercial deal to come coming months.
Superconducting wire has more demand than production capacity worldwide.

Can be used in many application from fault current limiters (smart grid) to MRI to windmill usage.


- Production process consists of three pieces of machinery. Final third stage machine installed in late august 2014, installed in September and being tuned in.
- One commercial production line of kilometer lengths has roughly capacity for 750 kilometer of wire per year
- Rough revenue projection for 750km of wire ~ 35 million dollar per year

- Highly scale-able : any new production line will take roughly 8-11 million in machinery
- Many sample wires already sent on their smaller 50meter pilot machine in the past year.

- No debt
- No existing shelf registration
- Existing warrants in place

- Fairly low volume here and about 1.7 million shorts

Technicals: low volume daily chart , nicely bottomed for this smallcap.
More interesting is the weekly chart:

http://stockcharts.com/h-sc/ui?s=SCON&p=W&b=5&g=0&id=p90089240728&a=366926965




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