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Until Mr. Hanbali clarifies things, I'm inclined to think that article's language might have a typo--perhaps meaning 2015 instead of 2016.
A new article about Insolaire at WFES: http://www.albawaba.com/business/pr/dubai-investments-showcases-pioneering-solar-panel-technology-wfes-eyes-strong-growth-79
More of the same in that article, I'm afraid.
And this :
"Going by initial analysis, Emirates Insolaire is expecting sales of 50,000 square metres of solar panels and 10,000 pieces of coloured photovoltaic modules during 2016" (it's not a quote, but an excerpt from the article).
which is very discouraging as that's roughly the production that Hanbali had expected for 2015.
I sure as hell expected more than 50k sqm of glass in 2016. I believe the going assumption was that Insolaire would have an annual production capacity of 1 million sqm by mid-2016, and that they expected be producing at near capacity at some point during 2016 too. That's ~10 fold more volume that 50k sqm.
What I meant was they need a ceo who is skilled at running a complex business. I'm very surprised about the late filings. SEC suspension always a possibility on a delinquent company and Hanbali owns 57,581,742 shares. Beneficial holders (not management or directors) own about another 30,000,000 shares (as of 12/31/14, the last 10k). I can't believe they'd put that much money at risk for the lack of a few quarterly reports.
Agreed, mostly. Rafic Hanbali IS the management CEO. Before him was Yves Ducommun, who orchestrated the R/M with defunct PashminaDepot to get the company listed. He then raised millions in PP's and spread the company resources too thin between Kromatix and Krystal.
I still have hope, but as always.. even with a great technology it can takes years for commercial traction.
The good news is that the cash burn of SwissINSO is very low (well, based on their last SEC filing LOL), so they might very well stay afloat until revenue comes in from sales. The JV is funded by their partner, Glass LLC whom, I imagine, isn't going out of business anytime soon.
A slew of updated SEC filings would be a breath of fresh air. I believe I was mislead a few months ago when the CEO replied to me saying the delays were from the US-based auditor. Surely that cannot still be the case. He'd answered me that they want to focus all resources on building the business, and that unless that got traction, any up-to-date SEC filings were meaningless.
True, in a way. But the filings provide shareholders with insight into the progress that we simply don't have otherwise.
A new 2016 letter from the Chairman would be most welcome IMO.
I still have my shares here but my expectations are a lot lower than they were. This may be a classic case of a company in need of a management ceo and not a dreamer. He's put millions of his own dollars into this company, entered into a joint venture with a large conglomerate, and showcased the product all over but I can come up with no reason for the long delays in the filings.
It seems Antec announced their Kromatix-based panels almost two year ago. My bad.
One new photo on the CEO's Instagram account seems to point to a new re-seller / partner in Germany.
http://www.antec-solar.de/bipv-en-us/manufaktur-and-bipv-en-US/printed-and-in-colours/
But SEC filings are now WAY behind, and there has been no news from the company for quite a while. Makes me wonder if things are not going so well after all. The coverage by Kathy Ireland's business show seemed to be a complete non-event.
In follow up to the Malibu project, I found a presentation made at a Malibu City Council Meeting (10/26/2015) regarding the proposed Kromatix building.
The agenda item was just to approve the issuance of an RFP and the hiring of a consultant to consider various options for installing a net-zero solar energy system. (That part was approved). However, despite this limited agenda item, a detailed presentation of the Kromatix proposal was made. It is great to hear these guys talk so enthusiastically about Kromatix!
Here is the link. (I found it necessary to download the video for a smooth viewing). The agenda item starts at about 57:00, and ends at about 1:16:00.
http://malibu.granicus.com/MediaPlayer.php?view_id=4&clip_id=1135
A new Korean entity seems to have been created as a supplier of Kromatix panels to the Korean market.
http://www.krsolar.kr/
I just found the following that may help us understand the distinctions between the companies' approach to colored glass in BIPV:
Swissinso Patent Application, published 09/03/2015: http://www.freepatentsonline.com/y2015/0249424.html
Onyx Solar Patent Application, published 10/08/2015:http://www.freepatentsonline.com/y2015/0288322.html
I just stumbled across this company: http://www.onyxsolar.com/colored-photovoltaic-glass.html
There's no specs that I can find about efficiency loss as a result of the colors, however, so it's hard to compare.
Onyx is the third company I've heard about that offers colored glass PV, the other being another R&D effort from another Swiss university (the name escapes me) that isn't yet commercialized (and according to Hanbali doesn't stand a chance given their methods).
If SwissINSO predicted 50k sqm of sales in 2015, then we ought to hear verrrry soon about other sales in the GCC and ME. I'm putting a $1 SWHN share price on my list to Santa this year.
So, no specifics in there other than that Hanbali expects to increase PV production capacity from 100MW to 200MW to meet demand next year. If we take the mid-point of that, 150MW, that's just under a million m2 of PV glass. I guess we've seen those numbers before (and 2015 projections haven't budged from 50k sqm either), so nothing "new" here really, except a new line in the sand regarding timing and a little more detail on the types of projects in the pipeline.
Still hoping for a much broader uptake of this unique offering in the PV/BIPV space, in the form of a supplier agreement to a few large solar OEMs or installers. Maybe next year? Stock seems stuck on zero volume and is likely to stay there until there is a sign of imminent revenue and certain growth.
New article: Emirates Insolaire plans rapid expansion in 2016
https://en-maktoob.news.yahoo.com/emirates-insolaire-plans-rapid-expansion-2016-084406757.html
I have to say that Kathy Ireland is not the most dynamic interviewer I've ever seen. That said, IMO the interview was good. Nice to see the endorsement from the Dubai Investments guy, and to get a glimpse of their production facilities.
The CEO had hinted in the past that this clip would have footage of some middle-east projects, but we only saw the Swiss and Austrian sites. Too bad.
He also said that the broadcasting of this interview would mark the beginning of a broader media campaign -- I'm hoping that we see some sign of this very soon.
SEC filings still pending though...
SwissINSO feature on Worldwide Business with kathy ireland has been posted on youtube:
https://www.youtube.com/watch?v=HH4aaOuMDKY
(I like the plug at the end where he compares Kromatix to Intel's Inside(TM) concept. Bring in on Rafic!)
Sounds good, thanks
They have indeed moved, and are now colocated with their Swiss distribution partner, Solstis, I'm told. The Web design company happens to be in the same building too.
It's Switzerland, after all... smaller world, smaller country
Hmm, that's the address of their Web design company I believe. The prior address was at EPFL (Lausanne University) space I think, so I'm not sure what's up there...
Here's what I found
Date Description
2015-11-08 delete address Avenue J.-D. Colladon CH-1015 Lausanne
2015-11-08 delete phone +41 21 693 86 40
2015-11-08 insert address Rue de Sébeillon 9b CH-1004 Lausanne
2015-11-08 insert phone +41 21 626 20 01
2015-11-08 update primary_contact Avenue J.-D. Colladon CH-1015 Lausanne => Rue de Sébeillon 9b CH-1004 Lausanne
address & phone number changes? If you mean the entity that put out the PR (the contact info at the bottom of the page), that's because it was the PR firm of the TV show, not of SwissINSO.
Fingers crossed we see the filings before the show. Address and phone number changes are interesting developments
Finally! Will be nice to see.. it's the first publicity they have sought themselves in many years I believe, and given how cautious the CEO is about getting all the ducks lined-up, it should mark the beginning of a larger push to commercialize and promote their products.
SEC docs are way overdue though. IR told me 3 weeks ago that they should be done that week.
We need a corporate update from the CEO next, to tell us what the SEC filings won't. Hope we get one before the EOY.
News here. New address and phone number also
"Worldwide Business with kathy ireland® Explores Solar Energy Solutions with SwissINSO
Tune into Fox Business Network as sponsored programming on Saturday, November 14, 2015. See
market by market listings below
(Los Angeles, CA - - November 8, 2015) –MMP (USA) announces an exclusive interview on Worldwide Business with kathy ireland ® featuring SwissINSO, a company that creates a break-through colored glass solar panels to make the solar energy option more aesthetically pleasing, and consequently now be able to fit much larger areas on whole roofs and facades at an affordable cost and high efficiency.
During the segment, Kathy Ireland interviewed CEO, Rafic Hanbali.
Rafic Hanbali commented on the challenges that come with traditional solar panels by saying, "You have two challenges. On the producer side and so far the competition has been on lower prices, producing more quantities, and without producing something new. It became a sort of commodity with more or less excellent quality but with the same line. On the user side, you have really no choice except black or dark blue panels which one hides on a roof. These are the challenges today."
He continued by talking about how the colored panels created by SwissINSO and produced in a joint venture with Dubai Investments in Dubai named Emirates Insolaire, create more architectural possibilities for social power. He said, "I like to put it this way: we are bringing an elegant dress to the building. So that the building itself produces energy and we are not bringing it from further away from where it is consumed."
The Vice President of Programming, JL Haber was quoted stating, "Opening up new solar panel options that are attractive is a great turn in the market. Until now, there have only been some boring options but SwissINSO has changed all of that with their solar panel creations.
Tune in to see SwissINSO on Fox Business Network as sponsored programming on November 14, 2015 at 4:00pm ET.
About Worldwide Business with kathy ireland
Worldwide Business with kathy ireland is a weekly business television program featuring real-world
insights from corporate executives from all over the globe.
Worldwide Business with kathy ireland airs Sunday evenings throughout North America on Fox Business
Network as part of their sponsored programming lineup and to over 50 countries throughout the world
on Bloomberg International as part of their sponsored programming lineup."
Emirates Insolaire’s KromatixTM technology wins prestigious international award
10 October 2015
Dubai, October 10, 2015: Dubai Investments PJSC [DI], the leading investment company listed on the Dubai Financial Market [DFM], has announced that Emirates Insolaire, a pioneer in the development of new solar technologies and its joint venture with SwissINSO Holding Inc., has won the prestigious Swiss Solar Prize – Schweizer Solarpries 2015.
Emirates Insolaire, which offers the world’s first KromatixTM coloured solar panels knowhow, announced the completion of its project in Basel, Switzerland earlier this year with the new technology. The project comes close on Emirates Insolaire’s successful installation of KromatixTM PV modules on a building façade in Lausanne, Switzerland – also the first in the world.
“The Schweizer Solarpries award is a great endorsement for Emirates Insolaire’s KromatixTM technology. We are confident that this international recognition will go a long way in reinforcing our growth plans across the globe. We thank all our partners and business associates for their support in this success,” said Rafic Hanbali, Managing Partner of Emirates Insolaire, who received the award.
The Swiss Solar Prize recognises extraordinary efforts in sustainability with special emphasis on energy-efficient buildings and installations for generating renewable energy sources.
Emirates Insolaire sees huge potential for its KromatixTM technology amidst 40% year-on-year growth in photovoltaic market globally. The company expects sales of over 50,000 square metres for coloured solar panels in 2015 alone; and has already initiated plans to ramp up its solar glass production in excess of 1.5 million square metres per year in line with the surging demand from GCC states, Europe, USA, Singapore, South Korea and South America.
Emirates Insolaire, part of Glass LLC – the glass pioneers in the Middle East, manufactures its coloured solar glass panels at the Emirates Glass manufacturing facility in Dubai.
http://www.dubaiinvestments.com/en/SitePages/media_center_view.aspx?news=198
Very happy to see the certification
Looking a bit more on the website, the product brochures tell a lot -- full technical specs of their PV modules and solar glass, including CE certification and IEC standards ratings. This was one of the things the company said was slowing their commercial traction -- need for certification & various legal & administrative details. So hopefully the path is clear(er) and we'll start seeing the number of projects increase dramatically.
That's really nice, but it's too bad there's no reference to the Dubai project they should have completed by now. I guess it still under construction, and we should learn more about it when the TV coverage finally gets aired.
Website up and running
http://emirates-insolaire.com/
SwissINSO just won an award from Swiss Solar Prize 2015 for their Kromatix-clad building in Basel: https://www.linkedin.com/pulse/schweizer-solarpreis-2015-rafic-hanbal
Yes, nice buying there today. And a new market maker on the bid. I always like to see that.
That was a $25,000 buy at the ask back there, dwarfing the daily average in a single order.
Very nice to see.. makes me think somebody knows something is about to happen (or maybe it's just wishful thinking).
Hmm, I'm sitting on the bid at $0.0955 and I just saw a trade go through at $0.09.
Great company, great product, great prospects, but still a dangerous investment as an OTC-traded stock. I hope they can move to a real exchange within a year of generating revenue.
I'm pretty sure they're waiting for the reports to come out before releasing any news that would generate high trading volume.
2 more weeks, still no 10Q's and still no news on the TV spot + media campaign.
When (not if) it does happen, since this is still an OTC stock.. the share price will likely move in very unpredictable and volatile ways. Since I suck as a trader, I will simply take along my barf bag and try to hold steady through the euphoric rises and sickening falls
Much better volume today than those mini-trades.
What will be hard, is the temptation to take some off the table when it hits $0.50, which I hope/expect before the end of the year. But long-term, this is easily a $2 stock (again).
Waiting for the missing 10Q's, and the media push + broadcasting of the interview with the CEO.
Those mini trades at .29 sure made my account green :) .10 is a good start for a run. Sure would love to see the 2 quarterly reports, that would help.
High volume for THIS stock sure but still only $10k traded today.
High volume buying early in the day, should follow through, especially if the 2 late quarterly reports are released. I expect them soon.
ha, as I wrote that, it came whistling back down to a dime.
Well, as nice as it is to see a 500% jump today, the last buys were pretty small (couple hundred dollars). So I won't get too excited.
Let's just hope it's the start of a steady climb back to $2
Hello there, SwissINSO... nice to see you trading finally....
Yes, that he put $2 million of his own money on the line to keep the company alive, speaks volumes for his faith in its imminent commercial success.
Also nice to see that the ceo continues to fund the company's cash needs
That said, Mr. Hanbali is notorious for not mentioning recent events in SEC filings for periods that pre-date the developments themselves. In other words, any new developments since January will only be reported in the Q's from 2015 (also overdue, but that I suspect will be published shortly).
Yes, nice to see, but nothing super interesting in there other than these:
"commence product certification in several potential markets with a full scale product launch in the last quarter of 2015"
"the Company continues to work closely with the LESO-PB in the development of several new products which the company expects will exit the development phase in 2016."
"[the competitive differentiator offered by Kromatix] explains the number of companies engaging SwissINSO in commercial discussions.. company is pursuing additional discussions with several leading panel producers."
and the all important:
"we expect the first revenues in the 4th quarter of 2015"
Thanks for that esther -- it seems that this report is in-line with Mr. Hanbali's approach to building the Kromatix pipepline, which is great.
Hope to hear more developments soon from the company, and see their SEC filings caught up-to-date.
Then the media attention may help the stock get noticed and we can see a valuation that is more in-line with expected growth.
But until the company is profitable (won't take much) and on a senior exchange, I fear it may get entirely overlooked .. and that we're 3-4 years away from seeing all-time highs.
This article gives an interesting overview of a BIPV markets research report (that apparently was published in early July). I like this language in particular:
"This new BIPV market research believes that BIPV's best chance to take off commercially is for vendors to emphasize aesthetics, and even the "smarts" of BIPV, and not just energy efficiency. This will allow them to tap substantial addressable markets, especially in the US, Germany, Japan and China, where the demand for solar panels is already large. BIPV roofing is still the largest segment of this market throughout the forecast period, although a significant growth is expected in both glass and walling applications. For the "true" BIPV leading into monolithic and multifunctional products, the real opportunities are in the glass sector in particular, representing roughly $2.1 billion in shipments by 2018 and $6.3 billion by 2022.
The long-anticipated evolution of BIPV is in truly monolithically integrated PV materials in which there are no clear distinction between the energy and roofing subsystems. Within this transition comes a new set of economic rules and guidelines, in which this report sees huge cost-saving opportunities. Primary among them is a shift in supply-chain thinking to create new BIPV business ecosystems that align PV and construction product firms (e.g. glass companies) with flatter and wider networks of local and regional partners. Building a strong network of downstream partners, ones who understand the value and messaging around BIPV, are as crucial today as ever. An alternative straight-to-channel strategy leaves the architect out of the picture, surrendering some of BIPV's higher value to systems integrators, construction firms, installers and retailers, to encourage their buy-in. Not everyone will be able to go this route, however."
http://www.prnewswire.com/news-releases/bipv-market-worth-26-billion-by-2022-says-a-new-research-report-on-bipv-technologies-and-markets-for-2015-2022-522139451.html
Another extension filed for their 10K. Grrr....
This is a sensitive time for the company -- I hope they don't get tripped-up on any legal details. They seem to be doing so many things right on the commercialization front.
Just some of the interesting profiles the CEO of the company has as connections on LinkedIn:
SVP & Global GM, Residential & Commercial at SunEdison
Vice President Europe, Residential & Commercial at SunEdison
Business Development Manager, PV Rooftop & BIPV at Total S.A.
Solar Business Director Western Europe and North Africa at Schneider Electric
Business Development Leader at SolarWorld
Head of R&D at Meyer Burger AG
Country Manager France & North Africa at GES Global Energy Services
Commercial Director BIPV at Gautier Francewatts
Director Business Development EMEA at Solon S.p.A.
This company deserves a lot more limelight.
Panel/glass certification followed by a JV with a PV manufacturer would be a great start... hopefully before the EOY?
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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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