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Good questions. Ecomike, will you ask them for us?
The price is getting close to the level where I may nibble, but for me it's still a huge risk given the complete lack of update of anything related to their MRFC.
I'd like to see any communication from the company about their path to commercialization of either MRFC or CC via ERC. My spider sense tells me there's not really any good news imminent, but I do like their technology and hope they manage to commercialize it. The world needs multiple FC technologies, and we sure as hell need a way to capture & repurpose all the CO2 we're bellowing into our atmosphere.
I've been thinking a lot about this company and its technology lately. A breakthrough is considered as more than the evolution or improvement on a technology, but a new paradigm applied to the system altogether. In the case of Ideal Power's PPSA, that it is software-based is the breakthrough - a new paradigm for power conversion altogether.
For me, this is truly a game-changing technology, and as such a hugely exciting investment opportunity. But that doesn't mean success is guaranteed -- things can still go wrong: there may be safety issues, software bugs, reliability or security issues related to the software, or other long-term operational characteristics that we don't yet know about. Or the company may simply fail to attract the interest of the power conversion market for some reason, though this is the least plausible potential cause of failure as there are just too many advantages (namely lower weight, higher efficiency, and lower cost).
Another risk (the more likely, IMO) is that with the increased focus on this sector (all tech related to small and mid-scale distributed power generation and storage), another leapfrog technology comes along and trumps it.
Is anyone of this board (there aren't many of you!) aware of anything on the horizon that could render IPWR's products obsolete? Even some far-fetched yet-to-be-proven technologies? I'd be interested in hearing about them.
I read this the other day: http://www.collective-evolution.com/2015/04/15/breaking-news-over-unity-reactionless-generator-invented-in-india/
.. which in part sparked my interest in leapfrog technologies that could hurt IPWR's prospects. But this particular example sounds like another PMM (perpetual motion machine) and reminds me a little of the Steorn story.
Can we please keep the topic here to BALLARD and not Mantra? I'm tired of reading about Mantra here -- I'll go to the Mantra board if I want to read about.
Thanks.
I think the idea is to keep the majority of the fabrication of the glass alone with Glass LLC, but I'm not so worried about their production capacity. Where they need scale is at the PV manufacturers or installers, who likely get their glass from external suppliers anyway.
Personally I think it's far less. Their IP is about the coloring alone, not the PV cells, so I'm guessing $5 per m2 of glass. So the 50k of sqm's they mentioned I think would bring them about $250k. I hope my numbers are too conservative -- we shall find out soon enough.
But even at $5/sqm, the revenue potential is huge. It's not unreasonable to hope that 10% of all new PV (and Solar Thermal) panels in certain countries would want colored panels, and they are the only viable option out there. That could mean royalties of $150 million annually (based on capturing 10% of a 25GW annual PV installation rate).
Of course 2014 saw 50GW of PV installed, and the growth is> 40% / year, so come 2020 this little company could be doing very very well indeed if they get several major players to use their colored glass.
I used to live in Switzerland, not too far from the EPFL (university of Lausanne) where the technology was invented. There is a lot of incredible technology that comes out of EPFL and gets rolled into startups. This is one of the few that did a r/m with an OTC company in order to get listed, and as long as it's so undiscovered, I'm delighted to have invested at these levels. I have seen the SwissINSO offices, and have some acquaintances who know the current & former management. It's a completely legit company, and I believe they will succeed in commercializing Kromatix this time around as their business model is very capital efficient (basically, out-sourced all manufacturing and claim a volume-based licence fee).
I look forward to revenue in the very near future, and to learning more about the licensing terms, and to find out about the new products they mentioned in the latest 8K.
Indeed, this is a very discreet company with a technology that I imagine all PV OEMs and installers will want to use. I'm happy that they sell the glass alone and don't require their PV cells to be bundled with it.
Huge huge potential.
Market Cap today < $10 million. I bought more yesterday. If they execute well, this easily a $150 million company in a few years. I hope they move off the OTC at some point, however.
A snippit of the forthcoming interview with the CEO of SwissINSO on Worldwide Business (Bloomberg + Fox) can be found here:
https://player.vimeo.com/video/118139061
(at 50 seconds in, and again at the end of the clip)
This the first time I have seen Mr. Hanbali in a video, and although the clip is short, I liked what I saw.
I can't wait for this company to get some major exposure, and I hope this TV spot is just the start. It will also be great to see some videos of the projects they have underway today in several countries.
Yep good timing. Still a completely unknown company today. Hope that changes with some air time.
I am certain that they didn't (and don't /won't) pay for promotion. This is a legit company on the nasdaq whose management is all about building their business not their share price IMO. I believe they think, as I do, that share price will appreciate organically as people realize the potential.
Nice article about Ideal Power's market and prospects :
www.greentechmedia.com/articles/read/ideal-power-races-to-bring-next-generation-power-converters-to-market
Gevo showing strong support at these levels. Happy to see I'm not the only one who believes this company is worth far more than the paltry market cap recent prices would put it at.
Is there any substance to the debt being converted to equity? And if so, how does that change their burn rates for H1 because cash was definitely going to be an issue.
Yes, indeed. If EcoNav are testing plastic, and it's garbage.. then they'll quickly learn what the rest of the JVs (and RockTenn, and Al Sousa) learned, which is that P2O doesn't do what they claim. It's also why the company abandoned operating themselves as they are unable to do it profitably.
One wonders just how informed the EcoNav people were before signing the MOU/LOI. I guess just as informed as the JVs from the past.
That will change. I expect that EvoNav will not move forward with the purchase after all (or JBI management will provide some excuse about how the sales are postponed...)
Thanks for your report about the site. It's too bad there are still people hoping for this all to be real. I wish it were too, but I don't have any hope.
Yep really. The same people who were across the table from John Bordynuik in NF discussing a multi-site JV in Spain, walked away because of all the lies he'd told them. Clearly they were for real, since they proceeded to pay Cynar millions for a site that's now operational.
Ask yourself why Bordy let that client get away...
I know what I think the answer is.
Meanwhile, a former JBI JV applicant has moved ahead with Cynar in Spain.
Looks like the land rush started before P2O even left the gate...
Nibbled at some more today. Risky, but fun.
So 4kids, why only sell procs to EcoNav? What do you think happened to the pipepline of other JVs in the US and abroad, including Heddle himself and those 45 sites in Florida?
Why not build procs for the partnership JBI had with RockTenn?
Why do you think all those prospective JVs/partnerhips/customers are no longer in the picture?
You mean you didn't know? This new company is sooo much more impressive than Conestoga-Rovers, IsleChem / OxyChem, and SAIC ever were. This time it's different.
This company remains a hidden gem, based on the very low volume traded on a normal day. I think the SA article was very thorough, and deservedly bullish about the company's prospects. But I also think their estimates were conservative. I expect that if they get their sales & marketing teams out in the field and pound on doors, they will strike licencing deals all over the place. There is little reason I see that Ideal Power cannot become a billion dollar company by 2020.
Why would they want to resume fuel production? It only adds to their burn rate. The more they process, the more money they lose.
Especially when it's not John Bordynuik driving the forklift, according to their Dec 2013 conference call explanation.
I guess they're not counting on selling processors anymore and want to get back into the P2O operations game. Time to fool a new generation of suckers?
New SA article about IPWR:
http://seekingalpha.com/article/3039606-ideal-power-may-be-ideal-to-power-your-portfolio
I have the feeling in a couple of years I'm going to regret not having backed up the truck on this stock. The more I think about it, the more I'm convinced that their IP is extremely valuable and has all sorts of applications, but in the power converter space alone I don't see why every manufacturer would not want to licence their technology. It's more efficient, cheaper to make, easier to install... it's quite simply a game-changer on a technology that hasn't evolved in decades, and comes in an era where power connectivity needs are surging, and the importance of efficiency is critical.
I'd like to see more licensing deals signed outside the US too -- specifically Europe and China where the pace of distributed powergen installations spells huge opportunity for Ideal Power's tech.
It's definitely not an artificial sweetener, but indeed people tend to associate it with them simply because it's a non-sugar sweetener. And you're right, global adoption is still at beginning of the growth curve.
After years of never seeing Stevia in any restaurant or café, I finally had a coffee the other day in a restaurant, and they had Stevia packets in the little jar. A PureCircle brand, too!
PureCircle is the dominant player in the Stevia space, globally, as that's all they do and they have a business to scale to the size required by the Coke's of the world. But their share price has more than caught up with their mid-term potential IMO. I still haven't sold my position, but then I tend to hold shares a very long time (5+ years). I think there is still great long-term upside if you have the patience.
Other Stevia plays you might want to check out are S&W Seed (SANW on NASDAQ) and Evolva (EVE on the Swiss Exchange). There are likely more, but those are the two I know & follow (but don't have a position in).
Good luck to you.
So Gevo could see $25-$50MM in up-front fees for a licence deal, and as much again annually if the licensee does 250 million gallons as projected. And that's just one partner.
If this company can manage to avoid bankruptcy (seems plausible, any up-front license fees will help) AND avoid being delisted from the NASDAQ, then this is a multi-billion dollar company in the making.
A risky investment today, but one I'm comfortable making. I increased my position at the open today, and will do it again if there is more positive news in the coming months.
From the ccall transcript:
These are not ADRs, so the ratio is 1:1, although I am unsure about any "verifiable" relationship between PRCTF and PURE.L (the website and all corporate information only makes reference to the London shares "PURE").
PURE in London (AIM) is currently trading at GBX522 (Pence, or 1/100th of a Pound), or GBP5.22, which is about $7.90 today.
They are also traded in Germany under the symbol 4PC, in Euros. (again, unsure about the verifiable connection to PURE.L).
Liquidity is misable for PRCTF, and the price can be as much as 20% off the London shares (not in the buyer/seller's favor I suppose). German volume is also not great, but in London up to 500k shares are traded in a normal day lately.
Hope that helps.
Lies in 2009 = lies in 2015.
Bordynuik is still the same man, misleading a new set of shareholders (with some exceptions, clearly).
You repeatedly claimed you'd add shares though $4 as your situation permitted. That's 4000% higher than today. And that's where many people that used to be "longs" established their positions.
Do you really think they'll see profits one day (assuming they haven't sold their shares)?
Here you are 4k, Bordy's own words from 2009:
"We are doing that business plan on a mass of land rush with our management team, which is good at high-growth models. So, our plan is to launch 2,500 sites over the next few years. This doesn’t include the best scenario, which is really installing a cluster of processors into an oil tanker. Our greatest, so our greatest barrier at this time is how to deal with a 35% tax that we will be having to deal with on the Plastic2Oil sites. We are working on that now."
Pitty that excellent management team is gone. And I guess the new CEO doesn't agree that the "best scenario" includes putting processors on tankers since his company was going to get those construction contracts after all, no?
Gosh, I hope they get that 35% tax rate issue fixed.. that's going to be a real growth inhibitor.
LOL. Do you really still believe this guy?
Have I missed a link somewhere re: international exposure? Seems to me there was plenty of international interest in P2O many years ago. Are we really saying "land rush" again, five years later?
On page 25 of that report we can see 3 Swiss-based projects that SwissINSO has not yet made public.
Things seem to be moving, and the company is fairly tight-lipped, which I like (and rare for an OTC stock).
I also like the logo/advertising opportunity with opaque PV mentioned in the report.
Details of the project here:
http://www.malibucity.org/AgendaCenter/ViewFile/Agenda/03092015-552
Two new partnerships with SwissINSO for Kromatix?
Ventura-based Colored Solar, and Malibu Blue Solar PV Plant LLC?
[Malibu] City Hall could receive colored solar panel array
http://www.malibusurfsidenews.com/city/city-hall-could-receive-colored-solar-panel-array
Malibu City Hall could provide its own power if a project to install colored solar panels passes muster.
The City’s Environmental Sustainability Subcommittee received and filed a report at its meeting Monday, March 9, regarding the potential installation of colored solar panels on Malibu City Hall’s roof and south-facing facade.
Dubbed the “Malibu Blue Solar Photovoltaic Project,” the effort is proposed by a team of solar and design experts from various disciplines within the solar energy industry.
“The intent of this proposal was to use City Hall as a demonstration project for these new technologies and systems,” a City staff report states.
Funded by Akuo Investment Management – a Luxembourg-based firm – the project would be a collaboration between Malibu-based Busch Design Build and Ventura-based Colored Solar to install the panels on Malibu City Hall.
Although the City will incur no costs to fund or construct the project, its end of the bargain is to buy the solar-generated power from Malibu Blue solar PV Plant LLC, which would be created by Akuo Investment Management and backed by investors.
“A few interested parties have already expressed their interest,” a draft of the project’s report states.
Developed by SwissInso Holding, Inc., “Kromatix” colored solar panels use a colored piece of glass to conceal the light-gathering photovoltaic array. Malibu City Hall’s solar panels would be colored in a combination of blues and sea foam green, and placed such that they would resemble waves.
Douglas Busch, a local photographer and architect who owns Busch Design Build, said the Power Purchas Agreement (PPA) needs to return to the subcommittee for its final review, and explained his interest in bringing the project to the City’s attention.
“These solar panels have never been used in the United States before, and this kind of design isn’t what most people do,” Busch said. “The City likes the idea, so we just have to come back to the subcommittee for final review.”
In 2014, Malibu City Hall’s electricity consumption amounted to an average of 41,680 kWh. During the course of a year, the solar panels would cover that average and provide a surplus of energy during longer days between March and August.
The surplus energy, during the expected 25 years of the project’s lifetime, could generate more than $400,000 in savings, and the project may save as much as 345 tons of carbon dioxide emissions.
Huge news today, this is great.
Next up, deals with GE, SunEdison, AES, and hey.. why not Tesla?
Less than 100% certainty implies some degree of doubt.
If you have never had any doubt about any of your investments, then either you've never lost a penny, or were wrong and a little doubt might have prevented your losses.
I'm pretty sure it's a healthy thing to have doubts about one's investments. After all, there is no such thing as a sure thing, so if you believe all your investments are sure things, you would be a fool.
Happy to see a balanced discussion here.
FWIW, EVM's tower doesn't have PV at the base, merely a transparent skirt (plexiglass?).
Also, they claim the tower will be built at a cost of "much less" than $1 billion (for 200MW rated output), with all of its output going to the grid (less efficiency losses in the system).
I forget how that compares to SWET's technology.
Yes, and sooo much time had passed since then. I've been an EVM shareholder for at least a decade now. They are making slow but steady progress, and have had their share of obstacles. But as opposed to SWET, EVM is the real deal IMO. If any solar chimney/tower gets built even, I'm betting it's Enviromission's.
Personally, I think SWET is a scam. Not the physics (necessarily), but the business plan, financing, and basically the entire outfit. (Edit: if not outright 'scam' then perhaps just a pipe dream not to be taken seriously).
The Spanish up-draft tower was a crude prototype, but worked rather well (to demonstrate the concept of updraft towers in general. If I remember correctly, it was commissioned by the same German company whose IP was folded into the Australian updraft promoter Enviromission (OTC:EVOMY or ASX:EVM).