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PR: deal Power Receives Order for Grid-Resilient 30kW Multi-Port Power Conversion Systems From EnerDel for Microgrid Applications
Not sure why this doesn't show up on iHub news, but here is the PR:
http://money.cnn.com/news/newsfeeds/articles/marketwire/1221392.htm
First Major Order for the Rapidly Growing Microgrid Market
October 07, 2015: 08:05 AM ET
Ideal Power Inc. (NASDAQ: IPWR), a developer of innovative power conversion technologies, announced today that it has received a multi-unit purchase order from EnerDel, a manufacturer of advanced lithium-ion batteries and energy storage systems for electric grid, transportation and industrial applications, for its Grid-Resilient 30kW Multi-Port Power Conversion Systems which will be used for multiple microgrid installations. The systems are scheduled to ship in Q4 2015.
"Microgrids represent a significant opportunity for Ideal Power's Grid-Resilient Multi-Port products, allowing us to expand our product reach beyond traditional behind-the-meter battery energy storage systems," Dan Brdar, CEO of Ideal Power said. "Microgrids are a reliable and less expensive alternative to using diesel fuel-based gensets -- not only for the military, but anywhere conventional generators are used as a primary source of power."
"Ideal Power's compact, efficient multi-port product provides unique features that enable robust deployment for mobile microgrid applications," stated Michael Canada, CEO of EnerDel. "Selecting Ideal Power was a natural choice for microgrid systems requiring renewable integration."
This order represents Ideal Power's first significant multi-unit order for microgrids. A recent report from research firm Navigant shows that total global microgrid capacity nearly tripled between Q2 2014 and Q2 2015 to 12 MW. According to Navigant, the U.S. Department of Defense is the largest consumer of energy globally, and is pursuing microgrid technologies in order to reduce the amount of fuel the military consumes through the use of conventional generators.
Ideal Power's patented Power Packet Switching Architecture™ (PPSA)-based power conversion systems are smaller and lighter than traditional technology without the high level of efficiency losses associated with conventional power converters. The Company's multi-port technology enables the integration of solar with battery storage and diesel generation using a single power conversion system, dramatically reducing the cost required to form stable, flexible microgrids.
About Ideal Power Inc. Ideal Power Inc. (NASDAQ: IPWR) has developed a novel, patented power conversion technology called Power Packet Switching Architecture™ (PPSA). PPSA improves the size, cost, efficiency, flexibility and reliability of electronic power converters. PPSA can scale across several large and growing markets, including commercial grid storage, combined solar and storage, microgrids, and electrified vehicle charging. Ideal Power also has a capital-efficient business model that can enable it to address these markets simultaneously. Ideal Power has won multiple grants for its PPSA technology, including a $2.5 million grant from the Department of Energy's Advanced Research Projects Agency - Energy (ARPA-E) program, and market-leading customers are incorporating PPSA as a key component of their systems. For more information, visit www.IdealPower.com.
Safe Harbor Statement All statements in this release that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, whether a demand for energy storage products will grow, whether demand for our products, which we believe are disruptive, will develop and whether we can compete successfully with other manufacturers and suppliers of energy conversion products, both now and in the future, as new products are developed and marketed. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
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.
Same here, but unless you sold some (and therefore took a loss), you don't qualify to join the suit.
Anyway, if you read through this board, and follow the general trend of the company and it's pipeline, you'll certainly come to the conclusion that you're way better off buying more at these depressed levels than selling at a loss in order to quality to join this frivolous law suit (which may well get thrown out before it goes anywhere).
I just read today about researchers in China feeding PS to mealworms (that are already known to have stomach enzymes that break down PP, and they will test PE soon too). It's been billed as the "solution to the world's plastic waste problem".
https://news.stanford.edu/pr/2015/pr-worms-digest-plastics-092915.html
Wouldn't it be a hoot if the worm excrement were valuable on the market as fertlizer, and was more profitable than P2O?
Something tells me that the worms don't need clean and sorted plastic, nor do they need downtime for clean-out, or Mr. Bordynuik's fork-lift prowess to keep operations humming...
John, if you'd kept looking, you'd likely have discovered this mealword enzyme breakthrough in the "worlds largest engineering archive" that you amassed from all those tapes you read!
P2O could have been P2X (plastic-to-excrement)
I'd invest!
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
Pure Circle has requested an upgrade from the London AIM to the LSE, as a result of their anticipated short-term profitability. A few analysts have upgraded their ratings on PURE.L.
However, a Swiss competitor is hot on their tails with a more scientific approach, and they just might capture more of the CSD (carbonated soft drink) market than Pure Circle expected to.
http://www.foodingredientsfirst.com/news/Cargill-Launches-Stevia-Based-Sweetener-With-Desirable-Taste.html
Furthermore, Coke's "Coke Life" doesn't use Pure's Stevia, but Cargill's... the company that partnered with Evolva for this new novel approach.
I have sold my position in PURE (held since ~ 1 GBP), and put some of it into Evolva Holding. They may be overpriced today, but their yeast-based platform has a lot of applications and over the long-term I think they may put a serious dent in PureCircle's ambitions to commercialize Stevia.
Huge huge progress in the tech to create H2 from water (e.g. http://nextbigfuture.com/2015/09/carbon-fiber-with-molybdenum-disulfide.html) in a clean and economically viable way, these days.
IMO, new H2 production tech will pave the way for a significant boost in H2 FC's for the coming decade.
LOL. You're right, I meant "execute and collect payment from"...
But you and I both know that's highly improbable, and at best will just be more smoke and mirrors to give the share price one last boost.
If they announce a sale, it'll be a short-term event IMO, and will still not mean that long-term profitability is guaranteed.
The share price still has to rise 10,000% for every shareholder to turn a profit.
You're right, that was too grumpy. My bad. The no SAE mention is actually great news. Pls disregard my last msg.
Well, there's a PR. Unfortunately, there was nothing newsworthy in it.
IMO these frequent and thin PRs will only reduce the impact of real news when it comes in. I wish the CEO would stop issuing any PRs outside of trials, financial, R&D, or partnership news.
in fact the white paper states:
There are two main claims in the article:
Some of the comments below the article challenge the author's claims that the tech isn't ready.
It's my understanding (albeit technically limited) that the software controls built into Ideal's converters (that control voltage, frequency, direction, cut-off, isolation, etc.), as well as their bi-directional and multi-port nature, make them a perfect fit for micro-grids.
But I'll let somebody with an electrical engineering background give a more detailed explanation.
If we're right, Ideal ought to pen a public rebuttal to Mr. Deign's article. Would make for some good PR.
I agree. Esp with the "Companies have failed before by not managing their stock correctly". I have lost my entire investment in some legitimate, revenue-generating, unique IP-holding companies that didn't manage to fund their operations until CFP properly leading to the spiral toxic financing situation. I believe (hope?) that Leo knows what he's doing here. Their relationship with investors seems not to be a detrimental one, and they appear to have enough cash to get them through to a partnership for B.
There's been excellent evidence of successful trial results, but the market knows that commercialization (=profits) are still quite far down the road. In the short term, I suspect that only partnership news can push CTIX to new highs.
I certainly hope the CEO doesn't "release news soon" for any other reason that there IS news to communicate. Any attempt to prop up the share price with news of another kind, will only backfire.
But indeed the reason the Mako piece caused the carnage it has, IMO, is precisely because CTIX trades on the OTC where often the float is owned by retail and retail scares easily when pseudo-research comes out attacking the company. That wouldn't happen on a senior exchange, since there are real (well, better) research analysts making informed and legitimate (well, mostly) commentary on a company's prospects.
I'm not a fan of R/S, and I'll hold every single share of CTIX even if it drops to $0.50, unless something about the science/trials/prospects changes, but I do find myself wondering if an uplist sooner, rather than later (made possible by a R/S, assuming share price is the only obstacle remaining) would better serve the interests of today's shareholders over the long-term.
News: Valentia release about their $110m investment in Enviromission
Valentia eyes EnviroMission Solar Tower edge
You can read teh full release here: http://www.yourrenewablenews.com/valentia+eyes+enviromission+solar+tower+edge_121935.html
I liked the summary of Valentia at the bottom -- they are a serious player in this space and lend enormous credibility to Enviromission's tower design:
Has anyone out there ever experienced a NT filing where the "yes" box was checked (as in, a positive significant change)?
I, personally, never have.
I'm starting to think we'll have at least one more flat Q before things start to pick-up.
Today's PR about a 1.5MW "volume order" to be delivered over 18+ months was underwhelming (at least, given my personal expectations).
Agreed. Growth should be outstanding for the next couple of years. I contacted IR about markets and partnerships outside the US, and they confirmed that many of the existing partner agreements cover international (notably Gexpro and Sonnenbatterie). They indicated that international growth should see "meaningful" revenue outside the US in 2016.
This is big news! And still a chance to get some shares near the 52-week low.
A good article in Fortune about the future of energy storage.
http://fortune.com/2015/09/24/future-renewable-energy-storage/
Ideal's converters are a key component of this market that works across the board with all storage technologies (li-ion, liquid metal, lithium-air, lithium-sulfur, sodium-ion, nano-based supercapacitors...) and all power generation technologies (CPS, PV, wind, ST, etc.).
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).
I've already shared that, over the past several years.
In short, John lied about the processor capabilities. There were plenty of warning signs I chose to ignore, all of which are in the thousands of posts on this board.
An investment in P2O at a nickel may yet yield some profits, if you can time your sale right, but I have zero confidence that this company will generate consistent and long-term revenue from the sale of fuel or processors. I believe it's just a matter of time before it goes bankrupt.
I could be wrong, but all the signs point that way, IMO.
While the PV and wind projects that ERCOT is overseeing are indeed multi-MW, the new (first) BESS project is only 1MW, so I would fully expect them to use multiple 125kW units (UL certification due in weeks) and thus stick with Ideal, but you're right that it's not a given as my post implied (as I'd assumed).
And yeah, we need some news here. Specifically, I'd like to see a few more partnerships and a growing backlog. But with the passage of time, despite the share price not moving anywhere, I'm more and more convinced that this will be a fabulous investment over time.
From the original 8K: "Our research has revealed that this process and catalyst is not presently commercialized."
And a mere 2300 days since then, it STILL hasn't.
Great job John. Hope you run out of my money soon.
Article on CleanTechnica: "Massive Texas “Electricity Island” To Get First Ever Solar Energy Storage"
http://cleantechnica.com/2015/09/22/massive-texas-electricity-island-get-first-ever-solar-energy-storage/
Here are some of the more savory bits (with emphasis added):
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.
Fair enough.. I missed that wording somehow. Thanks.
It's certainly an encouraging development, but I wish we knew more.
I'd like to know the nature of the agreement. Is it for testing? Production? Is it a one year or a five year contract? What are the applications: displays, solar power? Which markets?
In short, why is this agreement worthy of an 8K? The company deemed this agreement to be material, but they seemed to have left out the material details. As a result, there is no actionable (buy/sell) information here today.
I agree, and think it's important (and often difficult) to judge whether it's simply the "market's perception" or an unfolding reality.
In the case of CTIX, I (personally) don't like the PRs which seem to be released from time to time in a effort to boost investor confidence (and PPS) at a time where there is no material news. This often leads to a reduced "trust" with some shareholders vis-à-vis the management. Of course, there is also the reality of sometimes needing a higher share price to fund (with less dilution) the business.
The question for CTIX is... is the market correct to have devalued the company ... has something changed? Did management make mistakes? Possibly IMO, but in the case of a biotech I'm far less worried about having CEO who knows how to run the company like a battleship, than I am having a CEO who knows how to advance the trials quickly and how to assess and unlock the potential value of the compounds they have. With CTIX, I'm pretty happy and find they're doing a great job.
A biotech investment is often binary... it either pays off big, or doesn't. No matter how much the company stumbles, if their science is sound, and their drugs get FDA approval, any investor lawsuits or lame PRs will be quickly forgotten.
Seemingly huge news for QTMM, but the absence of any details whatsoever in the 8K is puzzling (and worrisome).
It's called a stereotype for a reason. If anything my statement wasn't general enough. It's not just shareholders who are impatient, but too many companies play right into this mentality, and take decisions that benefit the share price in the short-term, at the expense of long-term shareholder benefit. We're in the second biggest bull market in a generation, and people want prices to rise, and rise quickly.
But if your investment is down, and there is nothing fundamentally different about the company, its market, and its prospects than when you first invested, and it's not yet 12-18 months MINIMUM after you invested, then either you are, by definition, impatient, or your decision to invest in the first place was wrong.
Case in point, the suit brought on Cellceutix that alleges investors lost money because of misleading statements from management about the efficacy of their compounds. The timeframe for "losing money" was, IMO, far too short to be a valid claim. If you're down on your CTIX investment, the fact is you haven't been a shareholder for very long at all.
What would you sue for, damages over an investment time-frame of something ridiculous for any biotech? That's the problem with investors today, they're too impatient. And most companies pander to impatient shareholders by favoring short term benefits over long term growth. Seems to me like Cellceutix is doing great the opposite, though it may displease the impatient.
What was it that Warren Buffet said about the stock market and impatient investors?
This company needs more attention. There are far too few institutional and retail eyes on this.
That said, I've established as big a position over the past 18 months as I can afford, and I'm grateful to have been able to do that at these levels.
Now I just have to wait for the company to continue to execute as they have been doing, and hope that their growth is every bit as steep as they suggest it could be. I also hope the B-TRAN prototype lives up to expectations, and that the company provides us with some idea of just how big an impact it can have on their business overall.
Waiting (im)patiently now for news about more partnerships and larger backlog...
You're comparing an issue with 1960's PEM FC technology to a _potential_ advantage of MFRC that have never (like ever) been used commercially for any relevant period of time.
Those who post assumptions or projections as fact, lose a lot of credibility on these boards.
For anyone to participate in such an action, wouldn't they have to show losses (i.e sold some shares at a loss)? Likely few here on this board, have sold lately.
I haven't sold anything, but would happily join any similar action I qualify for, as long as it has the blessing of CTIX management.
yup, agreed with that. Even a decent company with real IP, adequate management, and that is full of potential, can be brought to its knees when trading on the OTC. I learned that the hard way.
There are also some real gems here, and if you can stomach the volatility and games, are worth the wait. CTIX is one such company, IMO. The science will win, in the end.