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Yup and didn't move the price one iota.
Sidlo made a video for Verditek.
https://vimeo.com/377544822
This would add to D'Couto's vision of microgrids.
Who knows. they already have a factory so they may be able to ramp up production.
Bill
I dug in on your posts to see who VDTK is.
They are a Solar Technology Company.
www.verditek.plc.uk
There was a business update on January 28 2020.
https://polaris.brighterir.com/public/verditek/news/rns/story/x2ok06r
They apparently have some trial going with some telecom suppliers.
" trials of our modules are underway with one of the largest global equipment suppliers for remote and off-grid telecommunication towers"
The agreement with XNRGI is to develop manufacturing capacity to deliver commercial packages in India.
Hopefully they can grow this business.
jmho
Bill
Eventually they might.
The reason accompany goes public is to raise money. I think when or if they ever get to the point where they actually have what they are touting and it needs to scale up very big. They might relist in order to raise money and maybe to give in to pressure from their Large investors who will want to monetize their investment at some point.
Do I think this will happen in the near term ? No.
I think that as long as they are making progress that is a good thing. Setting up for telecom advancements is a good thing as many 5G cells will have to be turned up for service. Currently telecom uses a mix of battery chemistries. Mostly lead acid which cannot take High heat or discharges without major degradation and NIcAD which can take heat, have long life but don't have high energy densities for the size
Jmho
Bill
Good Find Johnny !
Progress is progress whether they PR it or not.
It has been on the XNRGI website under products for a long time. Good to see it may be commercial.
There appears to be a new wave of Fuel Cell optimism being generated lately, they might need to be pushing. commercializing their hydrogen in a bag.
Bill
For me it's like World Peace.
I care, but there is nothing I can do about it.
Not sure if that was a quiet message from the company or just more noise to add to the noise floor.
If they actually have a product, the easiest thing to do is show the world. However, despite all the huge claims they may be tempering expectations. Embedded in that article is the realistic comment on just a two times battery due to Cathode Limitations.
At this point this thing is just a stain on my holdings in each brokerage account.
Sure it is.
I will believe it when I see it. This article said nothing new. Was this even a genuine IEEE article ?
Bill
Would be nice if Sanofi used a portion of their 15 billion on Sesen buyout.
https://finance.yahoo.com/news/sanofi-sell-regeneron-stake-worth-171733957.html
"The announcement is part of Sanofi Chief Executive Officer Paul Hudson’s revamped strategy. The company said in December that it would end its hunt for new diabetes and heart disease drugs, helping save more than $2 billion, and focus on lucrative areas such as oncology. Deals would be the fastest way to build up its stable of medicines in cancer, analysts at HSBC said last year."
Bill
Looks like the website changed a little bit.
On the management side they appear to have lost the guys who had the best credentials. most likely as they figured out this is going NOWHERE fast.
It always the little details that show this company has not changed how it does business and is not where it claims to be commercially.
The Indian managers no longer listed, did they split that off as a different company ? This is very suspicious especially since they NEVER hired a CFO.
Engineering ? Not that important I guess.
Sales and Marketing ? Not important if you do not have a product.
2020 plans to be in products ? Once again, was only to obtain investment dollars.
jmho
Bill
Or the most descriptive.
The IMAGINARIUM Factory
I was thinking along the lines of a Quadrillafactory.
Not only that, ole Musky is gonna build the Terafactories first.
"
Elon Musk has announced ambitious plans to make Tesla batteries that can live second and even third lives as they survive for a million miles. The mercurial billionaire has also announced plans to convert Tesla's “megafactories” into “terafactories” that are 30 times larger. And all of this is in service of Musk’s goals to turn Tesla into a power provider to compete with existing electric utilities."
whats bigger than Terafactories ? I'm sure XNRGI will come up with a misspelling to post on their site.
Bill
Sadashiva ,
Do you still think Nikola will be partnering with XNRGI ? I have been searching and cannot find any link.
The one strange thing in the last 6 months was the addition of Chockingham to XNRGI's executive team and he is a Fuel Cell Guru.
Don't know if you have noticed but VTIQ which is the SPAC expected to be the vehicle through which Nikola goes public is ripping.
Since XNRGI went dormant there may be a reason. Getting bought or merged might be a reason not to self promote.
It's fun to speculate, not like the stock price can be manipulated.
Bill
Moleculin's has licensing rights on the intellectual property.
In order to spread costs of development, they have licensed to WPD for certain parts/ markets in Europe. In exchange WPD will access grants for development from the EU. This helps offset costs of devrlopment.
MBRX holds the IP. They have licensed out portions of Europe to spread development costs. The other 2 companies will get those portions if Europe and MBRX gets everything else unless they license to someone else.
I also voted no.
They have until Nov 12 to regain compliance.
It did take Enovix quite a long time to get to this stage. I looked them over a couple of years ago.
They use the material that is used for solar Panels or at least that's what they started their Technology Platform on.
As for XNRGI, well we have no idea where they are with the Powerchip, the high temp batts are just a bridge to claim they are a Battery Manufacturer while they keep dinking with the Powerchip.
They won't talk unless they need a cash infusion and even then you gotta wonder what's true and what's fairy tale.
Pathetic is too mild a word to describe this.
JMHO
Bill
Yes sir, doing fine. at least I have an acre to stay locked down on. It's a little less claustrophobic that way.
Just haven't had the energy to look at anything XNRGI. I did see that the stock transfer agent was bought out.
The Hydrogen on demand pellets look interesting, it depends on how much energy you get from a bag.
What happens if the cat gets into it ?
I don't know, it seems like NEAH went from Fuel Cells and didn't sell any, then to batteries then didn't sell, any batteries and are back to developing fuel cells. That's a lot of years of back and forth with Never a commercial product.
Jmho
Bill
While many videos are regurgitations of each other, the interesting thing is the Instant Hydrogen Pellet and Fuel Cell, supposedly ready for development.
They obviously have noticed Fuel Cell, Ballard and other companies doing better.
They can sell to H2 Vehicle owners, out of gas ? Just add water !!
I wish they would just get one product out there in the public's hands.
Bill
Very good find on that stack of videos. I have not viewed any yet.
I will hopefully get a chance sometime later on.
Bill
The question is whether they are actually even manufacturing the HT Batteries. The battery factory video just shows robotic sorting and welding.
They are taking manufactured batteries and making them into larger packs.
Unfortunately they have chosen to go the route of their competition whom they claim to outperform in all categories with the Powerchip.
That was the gist of my question and answer. The true answer being that they are manufacturing an inferior battery to their claimed holy grail battery. This indicates that they do not have a holy grail of batteries to manufacture.
1. If you want to sell Powerchip Batteries , you manufacture Powerchip Batteries.
2. If you don't really have a Powerchip Battery or even a standard Lithium Ion then you source from someone else and put your sticker on it.
XNRGI has taken the option 2 from above and is on the second year of the Powerchip will be ready sometime in the future, but buy our OTHER battery which is just like the competition.
Classic D'Couto bait and switch.
Jmho
Bill
As I already said and have said many times , the HT Battery is not a Powerchip, it is standard Lithium Ion, supposedly was sourced from a company called Science Cadets.
Question : Why manufacture standard Lithium Ion if you have developed the Holy Grail of batteries ?
Answer: You Don't.
They must be courting another large investor and trying to make it look like they have their act together.
The video does not show manufacturing, it shows Sorting. It shows welding. That's about it.
It's not that I don't want them to succeed, it's that I do not see them succeeding at what they have claimed.
Jmho
Bill
You obviously have not been reading posts here since 2016/2017. Not sure about the accuracy of the statement on Karma Automotive.
I have perused their website many times in the past two years and they stress style , luxury, clean lines but never performance and the claimed performance was never anything more than what a standard 18650 Lithium Ion pack could meet.
Go back and look at shortoncash postings , he tried connecting XNRGI to just about anyone. It made sense that Kruse bring an advisory board member and a battery expert would be an initial customer yet nothing ever announced.
Bill
That was apparently what they did in their deal with Cross Border Power but it's very possible that this factory in India might be used as a Manufacturing Process Proving ground.
In order to sell a license to a prospective client they would have to be able to provide not only the chemistry and material makeup of the battery but also the manufacturing processes.
Since the makeup is so different from other batteries they may be having to jump through extra hoops to prove the claims on the manufacturing side and also the recycle ability.
The Helios Royal Energy site touts the High Temp and the Powerchip batteries, had the Q3 2019 Factory in India which matches when the Video came out. They also show a factory coming online in the second half of 2020 in Cairo, Egypt.
Maybe this is a place to do modeling of the high capacity manufacturing to implement at that factory.
Since we get nothing from the company all we can do is guess.
Jmho
Gus
Interesting title to the article which states at the end, that the factory in India is a test and characterization center for the Powerchip not a manufacturing center for the Powerchip.
As we have been saying. No power chip anytime soon or in a year or maybe two years.
Or as we have experienced over and over. NEVER.
3 years later , after Argonne characterized the PowerChip Battery materials, they are doing the same thing.
This is a nothing burger.
Jmho
Bill
The caveats of the Class A did not classify it as a dividend. They classify it as 10% interest.
But hey, once a thief always a thief.
Jmho
Bill
Maybe he is on the leadership team, maybe he isn't.
It's most likely that he is, but is hedging as to whether XNRGI is legit so is not updating his LinkedIn just in case.
Also, sometimes people do not use or update LinkedIn unless they are looking for a job.
Yes, he was added recently I posted about that and the addition of Garfield to the board,this happened at a time when we were discussing the absence of a CFO at XNRGI.
Jmho
Bill
It could be speculation much like we did in the past.
Unfortunately, here we are years later, XNRGI quiet which like the past, seems likely that there is no commercial ready product.
Do they sell the lie to big investors ?
The "Strange Document " which was a stock sale to the original Indian investor in 2017 required the going Dark and also expected XNRGI to list on an appropriate exchange within 6 months. Obviously this investor thought they were commercial ready in early 2017 and thought it could happen in 2017. Didn't happen in 2017, or in 2018 or in 2019 and is not looking likely in 2020.
Someone who invested millions in 2017 was bamboozled just like us. How many others after that investor ?
Jmho
Bill
Well, we know that none of that 2016 letter came true.
DRDO - Nope
SAE - South African Entity , this is a very broad classification. No one provided that Platinum they needed for their fuel cells.
The large Fund Source, never came through with the funding, maybe a good thing as they had a bad rep.
I wonder what XNRGIs next name will be in a few years.
Jmho
Bill
The original article more than a year ago about a new Electric Lambert's just listed XNRGI as one if the suppliers that they were talking to.
This can be taken to mean it is possible, but no firm agreement was ever announced.
XNRGI supposedly has a factory in India putting together packs of lithium Ion "High Temp " batteries. They source the batteries from another company.
Back when they first listed the High Temp batteries I posed the question of why they would do that when they claim to have the "Holy Grail" of batteries.
If they are producing battery packs and selling them to someone , why would they not announce it ?
Seriously, who doesn't promote their brand and constantly, it seems NEAH 2.0 is just like NEAH 1.0, a whole lot of nothing said because there is nothing to say.
I wonder how their larger investors feel ?
Jmho
Bill
I'm wondering if they didn't just release this as a marker if a start blocking for when they have to pay the annual interest.
Using the article date as a start clock since that is when they announced completion, they can avoid paying the 10% interest for another year.
I say it 1 Year from when we got the 500 sh forward split.
Jmho
Bill
I agree, if they had what they said they had, it would have taken off in adoption.
Supposedly they can ramp up production rapidly, yet no ramp up, no factory for the PowerChip, no nothing.
We have not seen this mythical lithium metal battery, the video from the factory in India shows standard lithium ion batteries being sorted and packed into a larger pack. That's it, nothing more.
Those batteries are sourced from a different manufacturer.
Bill
They should just go ahead and market the Flux Capacitor already.
Then in a year. They can do an article on it, and then 6 months later they can tell us to go read about it to be informed about the company.
Bill
It's not posted on their website for obvious reasons.
1. A prospective shareholder might see it when they have someone looking it over before deciding to invest. Keep in mind that any current prospective XNRGI investor will be a deep pocket one.
2. It was posted on an obscure news outlet, easy enough to find if Google searching but not on a popular news site. I am pretty certain that it is a belated public notice CYA by D'Couto advised by legal.
D'Couto showed his regard for shareholders in advising them to go read a 6 month old article if they want to informed about XNRGI.
I wouldn't want that garbage news on my website either. It conveys a huge lack of professionalism.
If these guys ever hope to take this thing public in the future, step 1 should be to get rid of DCouto as a CEO before even thinking about it.
He should be managing a tech group in a hidden skunkworks, that is his demeanor.
Jmho
Bill
All they said was we are private and don't expect any information from us.
We have already heard that from them over and over again.
They should also say, we don't plan to show anybody that our tech works either, we will just say it over and over again and show cartoon images.
Jmho
Bill
Really ? Funded by the department of defense ?
Using old non-applicable news or situations from the Fuel Cell days is a misrepresentation in my opinion.
Even when it's third or fourth hand quoting, those people heard it somewhere and the fact that XNRGI allows this , not quite true information be disseminated is disconcerting .
Jmho
Bill
Don't worry. They will have rock solid proof. Uhhh, NEXT YEAR !
Does anybody else's virus / firewall software start blocking suspicious connection attempts when they go to the XNRGI website ?
Bitdefender does not like XNRGI and it really hates the Science Cadets site, supposedly who they are sourcing the high temp batteries from. It blocks my attempts to even go to that site.
Bill
Unfortunately, XNRGI is not doing anything that would be fair and prudent for shareholders including honoring the caveats of their Class A stock.
I wouldn't hold my breath for that to happen.
jmho
Bill
More of a Fake it and stall repeat.