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This statement from the CEO is most telling, especially the phrase "by will or by law." If regulations are passed requiring new construction to be more energy independent Emirates Insolaire is one of the very, very few choices for builders. And there are many, many areas that are well served by sunlight and poorly served by electricity infrastructure.
"Rafic Hanbali, Chairman and CEO of SwissINSO, said: “We are happy to work with Dubai Investments for the production of the coloured solar glass with KromatixTM technology. This launch provides us with a significant first-mover advantage, a one-stop complete process, especially considering that the market potential for coloured solar panels is huge. The coloured solar glass technology is expected to become the norm and standards in the construction industry over the next three to five years, particularly when considering the present and expected growth of solar integration into buildings. These buildings, by will or by law, will have to become energy independent and KromatixTM is the only road available today for this integration”."
I think your first tranche is more accurate, but with different numbers. I doubt the panels will cost that much (to the developer). At least, if they do.. they won't be competitive.
Here's a company in China doing PV for $100/m2 ($0.50/W), althogh subsidized:
http://www.greentechmedia.com/articles/read/Module-Costs-Dip-Below-50-Cents-Per-Watt-in-JinkoSolars-Strong-Q4
At any rate, I would expect SwissINSO's licensing deal to be per m2, and not per Watt.
Also, we must consider only annual installed PV surface area, not total. The projections are for 800 million m2 to be installed annually by 2015 (ref: http://www.emirates247.com/business/energy/uae-firm-launches-world-s-first-colour-solar-glass-generating-energy-2013-11-18-1.528461)
So if Emirates gets 10% of their target (of 10%), that's 1% of 800 million, or 8 million m2 (annually). At 50% of their target, it's 40 million m2.
At $1-2 per m2, SwissINSO would stand to see annual revenues of $8-16 million, or $40-80 million.
It's just a holding company with very low cash requirements, so even on the low end of these estimates, it can be a profitable business very quickly. Today's market cap is $25MM.
Speculative investment, perhaps, but I like the odds at 17c/share today.
Panels will cost about $265 per square meter. Here's some optimistic numbers on my part. I'd love to see them :)
"Emirates Insolaire said it had signed two deals to provide the panels to Sao Paulo International Airport and to a Singapore housing scheme. It said it's panels cost 5 to 17 per cent more than traditional panels and would have a final cost to developers of about €200 (Dh991) per square metre."
"Emirates Insolaire is targeting 10% of the global solar glass market within a short period. Over a billion square meters of solar glass – both photovoltaic and thermal – would be installed across the world by 2015, industry estimates reveal."
Let's say Emirates Insolaire is successful and gets half of their prediction which would be 50 million square meters. 200 euros per square meter is about $265. Swissinso has licensed their patented technology. They are not going to manufacture them so their cost of doing business should be reasonably low. How much are they going to get in royalties per square meter?
All figures below based on 50 million square meters "within a short period."
At 1% = $2.65 per square meter = $132.5 million
At 5% = $13.25 per square meter = $662.5 million
At 10% = $26.50 per square meter = $1.325 billion
It would appear SwissINSO has a new non-executive director (if the man's own profile on LinkedIn is to be believed).
He is also the CEO of a Luxembourg-based investment advisory
http://lu.linkedin.com/in/sboudon
Fully agree on all counts -- this is a legit company with a game-changing (patented) technology in the solar space, and serious CEO with solid connections.
The Insolaire JV will clearly bare fruit .. I just hope for some better numbers than 300,000 square meters in 2014.
What do you think is a reasonable amount of royalty per m2 to SwissINSO? The Sunshot initiative (which is pretty close to achieved now, I believe) was $1 per Watt installed, for PV. One m2 is roughly 200W, so that would mean a square-meter of PV costs about $200 (material + labor), or maybe $100/m2 for the material.
It would expect $1-3 of that would be what SwissINSO could expect to get for the glass coating technology, no more.
So 300k m2 in 2014 is not a lot. I expected (and still expect / hope) that it would be more like 2-3 million m2.
We will no doubt hear about the commercial progress soon.
There's a few additional things here. The CEO stated that the next filing will show their finances to be in "a totally sound situation" which means someone has invested heavily in the company. And Dubai Investments has publicly stated they are investing "millions" to improve and increase manufacturing of the Kromatix panels. I'm waiting for the news of the first major project. I seriously doubt that Dubai Investments would put up all this money on speculation. Projects are in the works; I'm sure of it.
Clearly SwissINSO needs to provide shareholders with some idea of the rollout timeframe for their Kromatics JV with Emirates Insolaire. Maybe we'll get that with the 10K due shortly.
"Emirates Insolaire is targeting 10% of the global solar glass market within a short period. Over a billion square meters of solar glass – both photovoltaic and thermal – would be installed across the world by 2015, industry estimates reveal"
"The panels will be manufactured at Dubai Investments’ existing plants in the Gulf, which will produce 300,000 square meters of the glass in 2014, Kalban said."
Trading today not retail.
$4000 worth of shares traded is hardly a sell-off. The shares are very thinly traded, so +/- fluctuations even > 40% is not too uncommon.
SwissINSO is still a very speculative investment, but the new CEO seems to know how to monetize their IP and the deal with Insolaire in the middle east could really pan out.
Wonder why sell off.
Next filing will be the 10k annual report. It should be out mid-April
Some press releases from the World Future Energy Summit concerning SWHN and their Kromatix panels:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96156289
SWHN getting some expoure next week at this large show in Abu Dhabi 1/20 - 1/22/2014
http://www.worldfutureenergysummit.com/
They have left the water purification business and now concentrate solely on the panels with which there is little if any competition. From the 4/13 10k filing:
"The Company produced its first solar powered Water Purification unit (Krystall™) in March, 2010. This unit was deployed in Switzerland for the product launch which took place on April 22, 2010.
Subsequent to this date, the Company expended a significant amount of time and resource attempting to launch the Krystall™ product line and generate a first sale. Unfortunately, with a number of more competitive products on the market, it became evident that, while Krystall™ was a technology leader in the market, the associated cost of the units offered for sale did not fit the investment expectations of potential customers. The ultimate assessment reached by SwissINSO was that the unit was over-engineered for the current cost conscious market.
In addition, since the financial crisis in 2009, the potential client base for Krystall™ - governments and NGOs - has been impacted by significant cut-backs in spending. Despite attempts to discount the product and re-engineer certain components, the Company was unable to sell the inventoried unit or obtain orders for any other products in the Krystall™ line.
In addition to the above, the Krystall™ unit in stock was at the highest end of the product line in terms of cost and the most uncommon configuration in terms of technology.
The Krystall™ unit in inventory was subsequently dismantled in late 2011 and has not been used since. As a result, the condition of the unit is now such that it would need a complete refurbishment and be required to be transported back to the manufacturer in Germany. The Company determined that such an investment in a unit which the Company are unlikely to be able to sell would not make economic sense. Correspondingly, the Company took the decision during 2012 to write down the cost of this unit to zero and exit the Water Purification business."
Nice comments on this board. In addition to what already has been discussed, it seems the JV is very well-positioned to receive additional projects arising from Dubai's win to host Expo 2020.
Question: Does anyone know the status of SWHN's solar powered Krystall water purification product? Last I heard (12/2012) was: "In order to focus on our unique KLYMAA [Kromatix] technology and avoid potential confusion in the market caused by selling two distinctly diverse product lines, the Board decided to carve out the KRYSTALL solar-powered water purification business into a completely separate business unit with its own resources and management structure." (see http://www.prnewswire.com/news-releases/swissinso-issues-chairmans-letter-to-shareholders-182831531.html )
The parent of both SWHN's jv partner and the panel manufacturer is doing very well. Lots of money to invest here and get the new panels off the ground :)
"Dubai investments expects to make a profit of around Dh800 million ($217.8 million) in 2013, a company statement said on Thursday, confirming local media reports.
Khalid bin Kalban, the company's chief executive, had told Al Khaleej newspaper that the net profit would be over Dh800 million at the end of 2013, a 149.5 per cent increase over the Dh320.6 million of profit posted in 2012."
SWHN - What I mean by "cash cow." Here's what the panels cost and what Emirates Insolaire hopes to achieve:
"Emirates Insolaire said it had signed two deals to provide the panels to Sao Paulo International Airport and to a Singapore housing scheme. It said it's panels cost 5 to 17 per cent more than traditional panels and would have a final cost to developers of about €200 (Dh991) per square metre."
"Emirates Insolaire is targeting 10% of the global solar glass market within a short period. Over a billion square meters of solar glass – both photovoltaic and thermal – would be installed across the world by 2015, industry estimates reveal."
Let's say Emirates Insolaire is successful and gets half of their prediction which would be 50 million square meters. 200 euros per square meter is about $265. Swissinso has licensed their patented technology. They are not going to manufacture them so their cost of doing business should be reasonably low. How much are they going to get in royalties per square meter?
All figures below based on 50 million square meters "within a short period."
At 1% = $2.65 per square meter = $132.5 million
At 5% = $13.25 per square meter = $662.5 million
At 10% = $26.50 per square meter = $1.325 billion
Double those numbers if Emirates Insolaire reaches their goal of 10%. I see an uplist to NASDAQ here
The JV has much greater marketing resources available so I expect results much sooner than if SWHN was going it alone. If the next SWHN financial report shows "a totally sound situation" then someone has definitely infused capital into the company. My guess would be that Emirates Insolaire has bought 49-51% of the SWHN patent for many millions of dollars. A win-win for both parties if it's the case
I don't expect that the JV would bring any cash to SwissINSO up front - this likely meant that they were running a tighter ship, or perhaps that they convinced some debt holders to agree to new terms.
If they can keep operating costs to a minimum, and Insolaire can do even a fraction of what they believe possible, then SWHN shareholders are going to be pretty pleased in the next couple of years. Now they just need similar licensing deals in Europe, US, and China... and we will be absolutely golden.
The most interesting thing in this morning's news is this statement:
"A few days ago, we filed SwissINSO’s third quarter results – as of September 30, 2013 - with the SEC. This filing shows the considerable progress the company has made, and may be inspected on our website, www.swissinso.com. Our efforts to strengthen the company’s financial position continued after that date, and we expect our next filing, at the end of 2013, to show a totally sound situation"
(my emphasis)
This tells me that Emirates Insolaire has made a substantial investment into the company, or they have attracted deep-pocketed new investors. How high SWHN will go depends on the terms of the license, as yet unknown, and of course success in penetrating the market
Huge potential here. They have technology that nobody else has (that I have seen). And it's patented.
Schwing...
SWHN news today:
"December 05, 2013 06:26 AM Eastern Standard Time
LAUSANNE, Switzerland--(BUSINESS WIRE)--Letter from Rafic Hanbali, Chairman and CEO of SwissINSO Holding Inc.:
A few days ago, we filed SwissINSO’s third quarter results – as of September 30, 2013 - with the SEC. This filing shows the considerable progress the company has made, and may be inspected on our website, www.swissinso.com. Our efforts to strengthen the company’s financial position continued after that date, and we expect our next filing, at the end of 2013, to show a totally sound situation.
I am also glad to announce a very important development: the creation of Emirates Insolaire, a joint venture between Glass LLC (wholly-owned by Dubai Investments, one of the largest companies quoted on the Dubai stock exchange) and SwissINSO Holding Inc.
The new company will be licensed by SwissINSO S.A. to use SwissINSO’s patented Kromatix technology, developed at the EPFL (Swiss Federal Polytechnic Institute of Lausanne). With the creation of Emirates Insolaire, the supply chain is now totally assured from their state-of-the-art factory in Dubai, and a new important market in the Middle East is now open to us in addition to the existing ones in Europe, Brazil, Singapore and other global locations.
SwissInso Holding Inc. is a pioneer in the development and application of new solar technologies and products targeted at enhancing the aesthetics and overall efficiency of Building Integrated Photovoltaic and Thermal solar energy solutions.
Following seven years of applied research worth €10 million investment and in partnership with the EPFL (Swiss Federal Polytechnic Institute of Lausanne), SwissINSO has financed and developed a unique patented nano-deposition technology which it is now using to produce color-coated solar glass.
Contacts
SwissInso Holding Inc.
Galster Pierre, phone: +41 21 693 86 42
info@swissinso.com"
Coloured energy-generating solar glass
by Stuart at 2013-11-27 15:28:38 (News)
Dubai Investments' latest product “could be set to revolutionise glass across the globe”
Dubai Investments PJSC (DI) have announced the announced the launch of its new coloured solar glass.
The breakthrough glass has been developed in close collaboration with the Swiss Federal Institute of Technology (École Polytechnique Fédérale de Lausanne (EPFL)) and comes in “virtually any colour” to add an architecturally aesthetic appearance to solar panels.
The technology is optimised for both photovoltaic modules, which use cells to convert solar radiation into electricity – and solar thermal collectors.
The launch of the new technology coincided with the announcement of a new entity - Emirates Insolaire, which will introduce the breakthrough concept across the world.
Emirates Insolaire is targeting 10% of the global solar glass market within a short period.
Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: "We are thrilled with the launch of this revolutionary solar glass technology here, which could literally transform the manner in which we use solar energy for our homes, offices as well as the commercial buildings.”
He added: “This is a significant paradigm shift in solar glass technology, and we see significant growth opportunities going forward as we accelerate market penetration.”
DI say the coloured solar glass technology has already generated a lot of interest in the sector, with clients across several markets including Switzerland, Germany, United Kingdom, France, Italy, USA, Brazil and India among others.
About
Emirates Insolaire is part of Glass LLC, the glass pioneers in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC.
Emirates Insolaire is a joint venture using KromatixTM technology of SwissINSO SA, a Switzerland-based pioneer in the development and application of new solar technologies and products. The company will produce the solar glass at the Emirates Glass manufacturing facility in the UAE, which has been modified to adapt the new technology.
http://www.renew-reuse-recycle.com/showarticle.pl?id=2574
Thrilled was able to add today! Really liking where the comp is headed.
I believe this is the website of the company that did test runs with SwissINSO Kromatix coating: http://dxb.emiratesglass.com:90/eglweb/index.php
or here
http://www.thefuturebuild.com/emirates-glass-llc/company.html
The outcome of those test runs led to the JV that was just announced. It remains to be seen just how big a deal it will be, and how much revenue it can generate for SwissINSO. They will need several license-only deals in order to get real traction, but they're certainly off to a good start.
With the current O/S and a share price at $0.20 today, the market cap of this company is roughly $27million. So it's a little ahead of itself IMO, but long-term if this pans out there is much much more upside to come.
That would be nice but I'm not too concerned. Just happy because the deal is more than I expected. Very happy that it's a production deal with projects in the works
Agreed. I just wonder what the terms of the deal are...i.e. what kind of fees they will get for licensing the technology to Emirates Insolaire.
A $/sqm figure would be nice -- I wonder if the company will divulge this information.
It should be a simple licensing agreement. Emirates Insolaire will be producing the panels
This is indeed great news and seems like it could be a huge partnership. Although I winced a little when I read that they say they hope to capture 10% of the global market for BIPV ... that seems unrealistically ambitious.
Nevertheless, a few modest size deals would change the fortunes of SwissINSO.
I look forward to some clarity on the financial terms of the JV, in the form of an 8K filing (or included in the delayed 10Q?), and to getting an update of these two first projects.
Two projects in the works already:
"Emirates Insolaire said it had signed two deals to provide the panels to Sao Paulo International Airport and to a Singapore housing scheme"
"Dubai Investments said the partners would invest another €2 million in Emirates Insolaire over the next 18 months to refine the product and increase manufacturing capacity.
Emirates Insolaire said it was targeting 10 per cent of the global building integrated photovoltaics (BIPV) market over the next four to five years. The market is currently worth about US$10 billion a year, and it is growing at an annual rate of 40 per cent.
The firm said the solar panels on a villa of average size could produce enough energy per day for the needs of a family of four to five people."
http://www.thenational.ae/business/industry-insights/energy/dubai-investments-in-solar-cladding-panel-joint-venture
http://www.albawaba.com/business/pr/dubai-investments-534439 "
SWHN - We've got a deal!
"Dubai Investments launches world’s first colour energy generating solar glass
Published November 18th, 2013 - 10:14 GMT
In a step that is set to revolutionize glass technology across the globe, Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], today announced the launch of the first-of-its-kind,coloured solar glass in the world which generates energy on its own.
The launch of the new technology coincided with the announcement of a new entity – Emirates Insolaire, entrusted to introduce the breakthrough concept across the world.Emirates Insolaire is part of Glass LLC, the glass pioneers in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC.
Emirates Insolaire is a joint venture using KromatixTM technology of SwissINSO SA, a Switzerland-based pioneer in the development and application of new solar technologies and products. The company will produce the solar glass at the Emirates Glass manufacturing facility in the UAE, which has been modified to adapt the new technology.
The breakthrough glass,developed in close collaboration with the Swiss Federal Institute of Technology [EPFL – Ecole Polytechnique Federale de Lausanne], comes in virtually any colour. Optimised for both photovoltaic modules – which use cells to convert solar radiation into electricity – and solar thermal collectors, the glass provides a mat coloured, architecturally aesthetic appearance to solar panels, preserving more than 90% of efficiency.
Emirates Insolaire is targeting 10% of the global solar glass market within a short period. Over a billion square meters of solar glass – both photovoltaic and thermal – would be installed across the world by 2015, industry estimates reveal.
Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: “We are thrilled with the launch of this revolutionary solar glass technology here, which could literally transform the manner in which we use solar energy for our homes, offices as well as the commercial buildings. This is a significant paradigm shift in solar glass technology, and we see significant growth opportunities going forward as we accelerate market penetration. The launch of this new technology and product is in line with the green initiatives undertaken by the Dubai government to diversify energy sources and we at Dubai Investments have remained committed to sustainable business practices which led us to the prestigious ISO certification for our DIHeadquarters building earlier this year.”
He added: “Kromatix is a first-of-its-kind business model not only in the region, but across the entire world. The technology is highly sustainable and is a major innovation for potential application in commercial and residential projects across the region – blessed with natural sunshine all year round.The solar glass will be launched in two phases – the phase one would involve glass adapted with the new technology while the second phase would encompass the manufacturing of the entire architectural panels.This launch is part of our commitment to adopting the latest technological innovation and making us the pioneers in the glass industry.”
The coloured solar glass technology has already generated a lot of interest in the sector, with clients across several markets including Switzerland, Germany, United Kingdom, France, Italy, USA, Brazil, India, Singapore, Dominican Republic, among others, lined up to receive and certify their panels with the new technology from the manufacturing unit in the UAE.
The photovoltaic market, in particular,has achieved exponential growth globally over the years. The market was 40 GW (Gigawatts) in 2010, representing 200 million square meters of glass, and has grown 40% year-on-year. The number of installations foreseen for 2015 is 160 GW – approximately 800 million square meters of glass. The thermal solar glass market was 183 million square meters in 2006, and has been growing by 12% year-on-year since then. The faster growth pace today as well as for the future, is the photovoltaic integration on buildings.
The share of BIPV (Building Integrated Photovoltaic) for roofs and facades, one of the specialisations of Emirates Insolaire, is also witnessing rapid growth. It was 5% few years ago, and in the near future it is expected that the solar installations on roofs and facades will represent 60% of the total solar market.
Rafic Hanbali, Chairman and CEO of SwissINSO, said: “We are happy to work with Dubai Investments for the production of the coloured solar glass with KromatixTMtechnology. This launch provides us with a significant first-mover advantage, a one-stop complete process, especially considering that the market potential for coloured solar panel is huge. The coloured solar glass technology is expected to become the norm and standards in the construction industry over the next three to five years, particularly when considering the present and expected growth of solar integration into buildings. These buildings, by will or by law, will have to become energetically independent and KromatixTMis the only road available today for this integration”.
He added: “In order to maintain the high efficiency and provide the aesthetical appearance for the glass on façades, roof-tops and utility installations, the glass at Emirates Insolaire receives several treatments of interferential nano-metric layers on one side and surface treatment on the other side. The result is a beautiful, highly-efficient KromatixTMglass for solar energy with a masking effect occulting the inner captors, resulting in a mat non reflective surface.”
The solar glass generates electric power, has an aesthetic look and is highly sustainable. On one side, no material used in the technology causes any potential harm to the environment while on the other side it allows all buildings to help sustainability by offering their façades and roofs for green energy production.
It is a known fact that the sun produces enough energy in one minute to power the Earth’s population for an entire year. Each colored solar panel with KromatixTMtechnology can generate above130 watts electric power per square meteron roofs or above 100 watts per square meter on façades. Approximately 2,000 panels on one building are capable of generating 200KW electric power."
http://www.albawaba.com/business/pr/dubai-investments-534439
:) A similar purchase made 6 weeks ago. My post from 9/19:
SWHN - Interesting trading today, $6175 purchased including some pre-market. Still waiting for this to be confirmed or at least put out in a pr:
"In addition, we have met with a number of leading companies involved in the production of solar glass and solar panels to assess their potential interest in our products. The results have also been extremely positive and we are currently in advanced stages of discussion with them regarding potential joint ventures and business alliances"
Their business model is to license their patented technology as opposed to raising funds to develop it themselves. Potential cash cow here
http://www.swissinso.com/
Wish could take credit. My buy was waaay less. Why i was pleasantly surprised it filled. Guess they lumped me in with the whale :)
All that's needed is announcement of a licensing agreement. A perfect business model for what they do. So that was your 60,000 share purchase at .10? Nice "starter" :)
"We are primarily an R & D falls Rafic Hanbali. Our goal is to establish licensing systems or create joint ventures with producers and facade builders. "With this strategy, the company avoids having to invest significantly to install a production line, and protects extremely low prices that decimated the solar industry over the past three years."
Ask was and still is .20 when bought.
Interesting. Had order in for a liitle starter at .12, complete at .10. Ill take it for sure. Reads like a keeper.
SWHN - .055 x .10. Maybe this article attracted the recent buying interest: Excuse the poor google translation from French :)
"ENERGY MONDAY, OCTOBER 14, 2013
SWISSINSO, the company colors solar panels
the small Lausanne company has developed a technology to give color to the PV to make it more attractive.
By Daniel Saraga
Elegant, solar energy? Rarely, with its bulky tasteless color panels. But the Lausanne SWISSINSO company wants to prove otherwise. Using a technique that allows coloring photovoltaic and thermal solar panels, sapling Nasdaq hopes to convince individuals and businesses that solar energy can be an aesthetic architectural choices. Its panels "Kromatix" are more dapper or, choice, more discreet than a little dull blue usual modules.
Especially, the efficiency losses due to color are minimal (1 to 3% in relative value) and generate reasonable additional costs (4 to 18%). "Our technology allows us to offer a wide range of colors from blue to ocher, through green and yellow says Rafic Hanbali, CEO of the company. It creates new architectural possibilities, both for the roofs of houses for the facades of commercial buildings. "
SWISSINSO does not produce the panels but partners with manufacturers who can implement the technology. "We are primarily an R & D falls Rafic Hanbali. Our goal is to establish licensing systems or create joint ventures with producers and facade builders. "With this strategy, the company avoids having to invest significantly to install a production line, and protects extremely low prices that decimated the solar industry over the past three years. "The price level does not affect us only indirectly: the share of the cost related to the colorization increases if the module price decline, but it is very reasonable," said Rafic Hanbali.
Financial balance for
The first contracts were signed in spring 2013: the facade of an office building in Collombey (VS), a building in Lausanne, a demonstration house in London and a building at the EPFL. Revenues are expected to fall in 2013 and the financial balance could be achieved by 2014 - good news for the company, which had previously sold nothing since its creation in 2006. SWISSINSO began by developing a solar system for water purification. But the aircraft had not been sold. "It lacked a clear business strategy SWISSINSO when I joined in 2012," said Rafic Hanbali.
Henning Wicht, head of the solar market at IHS, a consultant in information and technical data, commercial project is not yet won. "The collapse of margins in the sector has cooled investors. To be convinced of the economic model, I should see a strong signal, such as a partnership with a construction giant that can provide volume, such Bouygues in France. And colored modules are not an entirely unique offer. The German company Sunways also produced and stopped since because of small volume sold. But perhaps the timing SWISSINSO will prove more favorable. This niche market is growing."
Somebody took a $20,000 position today
Recent interview with SWHN CEO. Worth a read. A few tidbits from it are below the links
http://www.swissinso.com/
http://www.pes.eu.com/assets/misc_dec/swissinopdf-445807760398.pdf
"SwissINSO is a pioneer in the development and application of new solar technologies. We wanted to create products targeted at enhancing the aesthetics and overall efficiency of building integrated solar energy solutions. And after ten years of research in partnership with EPFL (Swiss Polytechnic Institute), we developed a unique technology of coloured glass for solar applications. Kromatix technology offers the only attractive alternative to today’s black and dark blue panels, without compromising the panel efficiency. The result is inviting opaque (cells and captors cannot be seen) coloured solar panels with a mat finish and excellent performance. This revolutionary and patented Swiss technology represents a fundamental change in the integration of solar panels."
"We are very optimistic and confident as to our role and the success of what we do. In fact we are starting the first negotiations to supply the technology to some panel manufacturers, while in parallel we have signed the first contracts of façade and roof installations"
"Every single person we have received in our show room, architect or otherwise, with no exception, was stunned in by the products. Most of them did not understand why they did not exist before. Standing a few meters away from the panel, I have been asked if “I was sure that these are PV and can produce electricity”. I had to bring the people closer to the panels, under a certain lateral angle where they could see the PV cells laminated directly on the glass. For thermal panels, one cannot see the absorber at all, at any distance or angle."
"Two market approaches have been adopted:
The first is to offer tangible products, showing concrete results of our research. This is why we also produce tailor-made panels.
We exhibit in our show room all our prototypes, PV and thermal, in the various colours we offer. We are also sometimes asked to submit samples for demonstration or we participate in pilot solar integration projects. This variant has a great impact on the expansion of our technology as it offers the most realistic view of the benefits of using Kromatix. The second approach is more marketing oriented: advertising material – brochures, data sheets, press releases and demonstrators or samples – to organisations and companies active in this industry. We also do press releases, invite journalists who specialise in the industry to visit us, publish articles in specialised magazines such as yours and participate in exhibitions. For example, we shall be present at EU PVSEC in Paris in October"
A good licensing deal would turn SWHN into a cash cow since their expenses would be very low. A good business model.
Agreed, all around. If they get commercial traction on a modest scale, today is a great entry point!
I liked this part:
Speaking to Design Build Solar, Rafic Hanbali, CEO of SwissINSO, explained that the technology would require “minimal interruption” to a module manufacturer’s production line. The coloured glass provided by SwissINSO is suitable for all types of modules and is incorporated into the module by the module manufacturer. Hanbali added that the technology could even be applied to glass produced by a manufacturer of their choice.
This explains SWHN's plan pretty well.
http://www.pv-tech.org/editors_blog/swissinso_adds_colour_to_building_integrated_solar
I agree the market cap is high but investors converted debt to equity so the share count is up. That shows confidence to me. An example:
"6,751,967 shares of Common Stock of the Company reported herein as being held by the Reporting Person were acquired from the Company on August 15, 2012 upon conversion of an aggregate of $1,712,795 of principal and interest on certain indebtedness of the Company to the Reporting Person, and 3,333,333 shares of Common Stock of the Company reported herein as being held by the Reporting Person were acquired from the Company on the same date for an aggregate purchase price of $500,000. The source of funds for the purchase of the securities was the personal funds of the Reporting Person."
That's .25 for the debt conversion and .15 for the share purchase.
The key to their success is licensing to a major manufacturer. That's their business plan; their research has not only been toward the technology itself but also towards it's adaptability to current production methods:
"Speaking to PV-Tech, Rafic Hanbali, CEO of SwissINSO, explained that the technology would require “minimal interruption” to a module manufacturer’s production line. The coloured glass provided by SwissINSO is suitable for all types of modules and is incorporated into the module by the module manufacturer."
In my opinion SWHN owns a unique, patented and very desirable way for companies to "go green." Their technology is adaptable equally to new or existing buildings. Here's hoping they do a deal. When they do, .06 will look cheap in retrospect. I also have a modest position.
The company is effectively re-starting with a new CEO who appears to be serious and focused.
The O/S stands currently at about 135 million, which means the company today (pps = $0.06) is valued at $8 million. I imagine they're a long way from turning a profit, and therefore a long way from justifying an $8MM market cap.
We have no idea what the price point is for their panels nor of the margin they hope to make on them, nor a reasonable idea of sales projections. They focus on the Swiss market today, which is quite modest... but better to prove something is successful on your own turf first before venturing out. Obviously a deal with a large construction company in the ME or China would be great.
Anyway, I will keep following this company and have a small position today.
Website updated with latest news and investor info. "Newsroom" page is interesting
http://www.swissinso.com/
http://www.swissinso.com/newsroom.html
New PR about the website relaunch.
Not sure why the PR focuses on the Website, as opposed to the re-launch of their products. Hopefully we'll see more PR's to follow and get an update on the active projects and pipeline.
Also, I'd like to know what they're doing with the water purification system product, as I believe that had as least as good prospects as the solar glazing technology.
http://www.marketwatch.com/story/swissinso-holding-launches-new-website-for-kromatixtm-coloured-glass-for-solar-panels-2013-03-13
LAUSANNE, Switzerland, Mar 13, 2013 (BUSINESS WIRE) -- SwissINSO Holding Inc., a pioneer in the development and application of new solar technologies and products designed to enhance the aesthetics and overall efficiency of Building Integrated solar energy solutions, today announced the launch of its new website at SwissINSO.com. The new website marks the commercial launch of SwissINSO's new patented technology, Kromatix(TM), which as the world's first effective coloured solar panel glass represents a paradigm shift for solar panel integration. The new solar glass will allow architects, designers and developers to overcome the aesthetic challenges of solar panels, while increasing the energy efficiency of their buildings. Kromatix(TM) coloured glass applied to solar panels generates the same energy as conventional panels with negligible loss of efficiency.
Paul de Belay, Vice President Sales & Marketing at SwissINSO said, "The launch of this website is an important step for SwissINSO in the commercialisation of its Kromatix(TM) technology, as it showcases the potential of the solar glass to inspire solar architecture. Using Kromatix(TM) technology solar panels of all shapes and sizes, in a range of colours, can be mounted on any building surface, opening a whole new world of opportunities in terms of architectural design, and of course, energy savings."
Animations on the website demonstrate the potential uses of coloured solar panels and how they can be applied to residential, commercial and high-rise buildings. Each animation also provides technical details of the efficiency and performance of a solar panel when used with Kromatix(TM) solar glass, in a range of colours, demonstrating that there is virtually no loss in panel efficiency.
###
"Safe Harbor" Statement:
A number of statements contained in this press release are forward-looking, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition, and general economic factors. The actual results SwissINSO Holding Inc. may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. SwissINSO Holding Inc. encourages the public to read the information provided here in conjunction with its most recent filings, which can be viewed at: http://www.sec.gov.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130313005145r1&sid=cmtx4&distro=nx
SOURCE: SwissINSO Holding Inc.
First trade in months just went through. 1500 @ $0.036 ... or a whopping $54 worth. LOL
I guess that's why they're called microcaps.
Still, there is a legit company behind this ticker, with legit partners, legit IP, legit production capabilities, and some legitimate revenue potential.
(anyone here? anyone care?)
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SwissINSO Holding Inc. (SWHN)
Company Information:
World Trade Center
Avenue Gratta-Paille 1
1018 Lausanne - Switzerland
Tel: +41-21-641 1930
Fax : +41-21-641 1935
contact@swissinso.com
CIK: 0001437395
SwissINSO Holding Inc utilizes its significant intellectual property assets to provide innovative solar energy solutions and related technology to meet growing global needs. Formed in 2006, the company is located in Lausanne, Switzerland.
The company's mission is to foster the promotion of social, economic and environmental value for its customers, employees, business partners and shareholders by providing innovative, "green" products and services.
Our goal is to become a pioneer and world leader in turn-key solar powered solutions for the purification and desalination of water and the air cooling of buildings.
Management:
http://www.swissinso.com/corporate/management.aspx
Corporate Partners:
http://www.swissinso.com/partners/leso-epfl.aspx
Recent News:
http://www.swissinso.com/news/index.aspx
http://finance.yahoo.com/q/h?s=SWHN.OB+Headlines
Filings:
Transfer Agent:
Stocktrans, Inc.
44 W Lancaster Ave.
Ardmore PA 19003
Phone: 610-649-7300
www.stocktrans.com
Share Structure:
Common Shares
Outstanding Shares
77,497,145 as of March 31, 2010
Authorized Shares
100,000,000 as of March 31, 2010
Preferred Shares
Outstanding Shares
0 as of March 31, 2010
Authorized Shares
10,000,000 as of March 31, 2010
Investor Relations:
Contact IR form:
http://www.swissinso.com/investor-relations/contact-ir.aspx
Failed start-up PashminaDepot.com recently purchased by Lausanne (Swtizerland) based SwissINSO.
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