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This is in line with what was stated in some PR longtime ago of blockchain. But where do you guys see $650k being paid for the acquisition?
If Iam correct Reliance also planning to have some Setup in Assam tech city.
At least they are back to mentioning explicitly Quantum Dots in their technology instead of just nano cell or something.... makes it relevant to our industry ... there may still be a slim chance of having connection with QMC ....
May be QMC or Amtronics CC could explore tie up with this fully automated solar cell/module maker of india. They seem to use European machinery/tech so may not be averse to use new American QDSC tech.
Either QMC or Quamronics should try Assam template in down south where Solar & LED market is huge. States like Andhra Pradesh can give a breakthrough in south. This state recently got a new young dynamic leader ( chief minister) who is trying new things. If I am correct he was in renewable energy business before entering into politics so he would know the industry and latest technological developments. QDSC Could attract him.
India is no longer the same old India under Mr.Modi,his second term will be even more aggressive per all indications.
India jumps higher in World Bank’s ranking of how easy it is to do business
https://www.cnbc.com/2018/11/01/world-bank-india-improves-ease-of-doing-business.html
India going to spend $1.4Trillion in next 5 years on infrastructure.
A $1.4 Trillion India Spending Push Tops Modi 2.0 Agenda
https://www.bloomberg.com/news/articles/2019-05-23/a-1-4-trillion-spending-push-in-india-tops-agenda-of-modi-2-0
Indian Solar industry news post elections:
Modi govt 2.0: Space flight, solar shift in 1,000-day plan
Some of the key schemes that will figure in the 1,000-day plan are: doubling farmer’s income by 2022; setting up 40,000 MW rooftop solar projects ; housing for all; generating 100 GW solar energy;
https://www.hindustantimes.com/lok-sabha-elections/modi-govt-2-0-space-flight-solar-shift-in-1-000-day-plan/story-O8CGGru2SZ6OJlZz7XDxNN.html
India’s Solar Industry Reacts to Modi Government’s Win in Lok Sabha Elections 2019
we believe that the introduction of an Anti-Dumping Duty will be a revolutionary change in the solar industry. A reduction in imports, especially from countries like Vietnam and Thailand, will lead to a level playing field for domestic players. Waaree has witnessed that the potential of the solar industry lies with the floating solar segment, the capacity of which is expected to grow from 1.1 GW in 2018 to 4.6 GW by 2022.
https://mercomindia.com/solar-industry-reacts-modi-win-elections/
Could be . Btw Indian elections ended with 600 million voters participated. Current PM got landslide victory which bodes well if there is any connection with payment as our project fall under his pet project “Make In India” Initiative.
Anyone think this time >$0 online sales? Or simply write off the on-line portal.
Yes. And we are hoping this to become a disruptive company.
I think there will be a better news than this on may 12th SID otherwise it doesn’t make sense to issue the PR NOW this news would have been a face saver if nothing else to announce/show.
That is what I am hoping in display week for this film product . At least an association with an OEM for this finished QD film.
Correct, also it would be a better cheaper alternative to Nanosys cheap $12 QD. On-chip would be expensive & next generation. Interesting thing is QMC now claim they have proprietary QD enhanced film.
Indian 6 week long General elections started ... hopefully we already received 2nd installment of $500k otherwise may have to wait till elections settle down .
https://www.google.com/amp/s/amp.theguardian.com/world/2019/apr/11/india-election-2019-nearly-a-billion-people-begin-marathon-vote-to-decide-modis-fate
Could this $12 per gram be in response to QMC low cost price offerings to OEM? We always thought it would be around $50 per gram may be QMC offering it around $20 per gram now Nanosys trying to beat by further lowering ? Or it looks far fetched
Could that be minimized by software controls ?
Very true given their QD tonnage is not really finished QD tonnage. It also confirms they were really producing QD solution in 5 liter lab beakers when they started. Now apparently they scaled up but they still have to cope with batch vs continuous flow disadvantages like for some reason if the batch fall short of required quality entire ton of QD could be wasted, minimum production run for any new custom specification have to be a tone etc.,
Could be ... I don’t see any good reason to the mention the exact cost amount to their marketing benefit.
I think $12 per gram is cost not cost + margin sale price. One valid point of P19 argument.... may be their QD quality is low ( which I doubt) & requires more qty hence low price. Hypothetically even if our QD is of high quality it may not command more than double their sale price but we end up selling less qty of QD.
Almost same here
Where does this $12 per gram ( cost) or $15-20 sale price leave Nanoco? Except lower valuation QMC could survive as it got high volume mfg process and uses not so expensive raw materials( as stated in old PRs) . It is actually more advantageous to us if we succeed in high volume sales as others may not be able to compete us in volume production. This low price also good for QD acceptance in many industries.
India’s Energy Storage Market Is Finally Starting to Grow
Seven tenders for a total of 84 megawatt-hours have now been issued
This month, Prime Minister Narendra Modi’s cabinet approved .... two phased manufacturing programs will be introduced across the country. The first of these will support the setting up of battery gigafactories across India, while the second will focus on electric vehicle manufacturing.
Not sure how close we are with QD Battery Storage, This market is also in its nascent stages in India and expected grow along with the Solar.
https://www.greentechmedia.com/articles/read/indias-energy-storage-market-finally-starts-to-grow#gs.1ob5xw
But that is true just about any entity. Can we say 3M & Dow had spectacular fiascos with Nanosys and Nanoco respectively?
Is there any significance of explicitly stating below highlighted words? or Just reiterating it as a QD Solar cell?
To that end we have laid out a very comprehensive roadmap to providing this solution with a now completed solar cell design with commercially economic power yield levels along with fixed component QD chemistry and plan to commence production of solar cells via a continuous, rapid feed flexographic based printing process as soon as the manufacturing facility in Assam is up and running,” Squires continued.
Yep. That’s what I was about to say .... we can’t rely on Google maps. Usually 6-12 months old .
Nice DD . Did you visit India ? Lol
Completely agree
I thought they were waiting to see on- chip demo before releasing the funds but looks like they were waiting on completed solar cell design that can give commercially viable % ( QMC first time acknowledged they have a complete cell in the last PR only)
Unlike Nanosys this 120000 sqft include multiple QDSC production lines ( probably include space for anticipated QD products/components in SSL and Display too) NOT just for QD right?
They confirmed it in today’s PR too.
Imo best PR after long time ( given that we are dealing with foreign government entity PLUS validation of our QD) . Biggest payment ever received by QMC . Nitto Denko paid only $225k one time payment with no further milestones.
500k received
500k due in 30 days
80% upfront fee due for 2 large reactors
Solar cell design complete with commercial viability (may be ~15%)
Proposed project $70m instead of $82m ( they are fine tuning the project scope , this could have delayed in 500k upfront payment)
Still same size 120000 sqft facility even though down from $82m to $70m( does this mean whole sqft meant for just QMC or for the entire electronics cluster?)
On further research I realized ASSAM state not going for elections next month as last state elections happened only 2 years ago but they will still be busy & participating in general elections. May be it won’t impact us much.
The current STATE govt and Modi are from same BJP party which bodes well for us.
https://www.google.com/amp/s/www.businessinsider.in/lok-sabha-election-date-for-assam/amp_articleshow/68461717.cms
General elections declared in India with 900 million eligible voters to vote ( in 2014 ... 550 millions voted out of 850m voters ) largest in the world with almost 3 times the US population . Will start next month and run for 6 weeks they will be very very busy. Hopefully $1m already received by QMC otherwise we may have to wait due to bureaucracy till results declared ? But last PR said all internal approvals were done . The good news is same Modi party expected to win which is good for us as “Make/Made in India” initiative is Modi’s brain child so continuity is expected.
Sure. so quamronic QD products will be cheaper than imported ones and preferred by Indian OEM/assemblers if quality matches or exceeds imported ones then you know that the results will be.
Then what is your take on “Make in India”?
How do you know they didn’t care India. I think P19 is right here.
I have 100 free trades per month at Merrill Lynch which included penny stocks now penny excluded.
That’s how I got into this stupid penny land, it’s free so started playing and now stuck with big money in this and HYSR.
3M exited QD Space long time ago
Remember they are the one who invented zero based on which everything modern invented. They are in the cusp of coming back... any meaningful association with them can only benefit us immensely.... don’t write them off that easily .
I think they want to see our February Demo with our remote On-chip QD in a demo TV before transferring the actual money . They have completed transfer and internal approvals but waiting for something.