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A snippit from the earnings call about IPWR getting into already-established markets:
I just read RMI's research report on the Economics of Load Defection (ref: http://www.rmi.org/electricity_load_defection) and it struck me that the kind of company that will benefit the most from the coming multi-billion dollar paradigm shift in power generation and distribution is one whose business model piggybacks on all the other players in the field. It's hard to pick the winners among solar or battery tech, so the clear winners will be the companies whose products work with them all...one whose IP could be licensed by every equipment manufacturer in the game.
Ideal Power's PPSA could be the Intel Inside™ of the power conversion space.
Huge.
AWM Investment just published an SEC document indicating that they've increased their investment stake in IPWR by 47% to over $14 million in the past Q.
That's a good sign.
http://www.sec.gov/Archives/edgar/data/1535264/000153526415000079/xslForm13F_X01/inftable.xml
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?
Yeah, and the OTC is not the place for thoroughly reading through PR's in order to understand some hidden connections. That's a recipe for disaster.
Your own DD, SEC filings, and partner/customer statements are the only useful sources of public information for OTC companies, IMO.
a discussion about "how companies are inventing and deploying solutions that will ensure the grid communicates better with consumers and their homes"? Not sure how this is relevant to Mantra...
A very resounding endorsement it was, too! This letter is all the DD one needs to invest at this stage. Great.
Muster... indeed. I shoulda taken a community college course for free to learn about greed and fraud, but instead it cost me an enormous sum of money by investing in Bordynuik's deceptive story-telling.
The only remaining "hope" I have related to this company is that JB spends some time in prison in the future.
Nah, in fact he negotiated a $100k salary, and then Ricky said they'd throw in $50k worth of stock to boot, to give the illusion of a CFO who has some skin in the game. LOL
$150 in trades today, and you think something exciting is on-hand at the plant?
How many more years will you end your posts with "here's to what mgmt files next"? Until what they file is a Chapter 7, that is...then you can blame the colluding entities for spoiling the greatest investment opportunity in a generation.
<sigh>
Yes, and so refreshing to see a team focused on building the business not worrying about the share price. Mr. Hanbali is the real deal, and clearly has the company's best interest at heart (and thus shareholders' too, indirectly).
Build the business, and the share price will follow. Although they may want to consider moving off the OTC in a couple of years.
I contacted the company and they indicated that SEC filings should be completed this week, and that the World Business interview would likely air in September.
I hope there is more color about the Kromatix sales traction or backlog, in the forthcoming 10K. I also hope this company gets some well-deserved attention soon, and that the PPS doesn't languish at these levels. This company deserves minimally a $25m valuation, IMO (or 5x higher than today).
An update to the Malibu Solar PV project:
http://www.malibucity.org/AgendaCenter/ViewFile/Agenda/06102015-606
Some details:
The project calls for 832 Kromatix panels to generate 100kW (nominal) of power at a cost of $175k (sr $210 per panel).
The LCoE they have calculated to be $0.08/kWh (which is very good, if the math and assumptions are in check, but this is for the total project which includes 4x more "normal" (i.e. not Kromatix) PV panels to be installed on carports)
OK, time for IPWR to move. I hope (expect?) the share price to double from here to ~ $15 before the end of the year. Solid IP with a wide moat, first-class partnerships, booming market, lean business model, cash on-hand and no debt. What more do you look for in an investment?
(One might answer "profitability", but that is just around the corner IMO).
Or just wanting to front-run the retail investors?
Or just wanting to front-run the retail investors?
I took notes, but the transcript is already available online at SA : http://seekingalpha.com/article/3399355-ideal-powers-ipwr-ceo-dan-brdar-on-q2-2015-results-earnings-call-transcript
Well, well worth the read. Fantastic tech with a bright future. Superb investment looking 2-5 years out IMO.
OK, so the company just clarified the EOS 8000MWh opportunity size on the conf call just now. According to the CEO, EOS's solutions typically offer 4 hours of backup power, which means 8000kWh translates to 2000MW of orders.
They also said that every MW of orders translated to $250k of revenue. With this math, if Ideal Power got all of EOS's orders, and EOS themselves got all their pre-orders converted into real orders, the deal is worth as much as $500 million in revenue for Ideal Power.
Wow.
Also, CFO said expect nothing but positive gross margins from today onward, and increasing from Q2's 12% to a target range of 30-40%.
Nothing but great news on that call. Think I may pick up more shares tomorrow.
Hoping for some encouraging developments on the call after the close. I'm not expecting a breakthrough quarter yet, but hope to see a solid backlog and demand via partners. I bought more shares this week.
We're overdue for the World Business interview with Kathy Ireland. Last we heard they were just waiting for final pictures of the new projects in Austria and Switzerland I think. We were told May/June for it airing, correct? Hope things are OK. They're still overdue with the latest 10Q. Hope we get news soon.
When I contacted the company way back when the JV with Glass LLC was created, the CEO said that in addition to a share in the profits (what % ??), SwissINSO is guaranteed royalty payments for every m2 of their glass. I've no idea what % of the JV is owned by SwissINSO, but I imagine only a fraction since it was Glass LLC who ponied-up the capital to build manufacturing capacity (albeit in an already-existing factory).
I, too, added to my position today. This company continues the steady approach to building their business, and they have killer IP and an efficient business model to do it! KACO is a global company that appears (?) to want to make PPSA a care part of their inverter and related products. IP licensing is a fantastic high-margin business. A few more contracts like that with OEMs and this company is golden.
IPWR inks white-labelled reseller and IP licensing deal with KACO!
http://www.solarnovus.com/kaco-new-energy-to-provide-ideal-power-energy-storage-systems_N9106.html
Ideal Power Inc., a developer of innovative power conversion technologies, and KACO new energy, a leading global provider of solar inverters and power conversion systems, are proud to announce that they have entered into an agreement that will allow KACO to resell Ideal Power's products under the KACO label. In addition, KACO will use Ideal Power's patented Power Packet Switching Architecture (PPSA) to develop its own differentiated products and integrated energy storage system solutions.
KACO new energy is the one of the world's largest manufacturers of solar inverters with more than 8 GW of installed systems. This agreement gives KACO access to Ideal Power's market-ready bi-directional power conversion systems for the battery energy storage and micro-grid markets. KACO intends to initially sell the systems in North and Central America, targeting both standalone energy storage, as well as solar plus storage system applications. The agreement also enables KACO to design and launch their own products using Ideal Power's technology.
At one-quarter to one-eighth the size and weight of conventional solutions, Ideal Power's systems result in significantly lower installed costs. Ideal Power's patented PPSA technology provides electrical isolation while eliminating the need for a transformer, making them smaller, lighter and more cost effective than traditional systems. Its patented technology, which increases round-trip efficiency, resulting in lower operational expenditures, combined with the reduction in material, manufacturing, shipping and installation costs, greatly improves return on investment for Ideal Power's systems.
I guess he's referring to the turnover of Emirates Insolaire, of which SWHN is a party to the JV. I wouldn't expect a very large % of that to trickle through to SwissINSO.
Of course the "h" part of kWh depends entirely on the battery capacity behind it, and is neither enabled nor limited by the inverters. I'm just using 4h from the existing case study, though I expect it could be triple that.
Just running more math... The article claims their storage product costs about $160/kWh, of which IPWR's inverters would thus represent (according to my math) about 35% of that cost (not counting installation costs / labor).
Does that sound reasonable?
So, actually based on the case study on their own website, a 4x30kW system provides 500kWh of energy backup.
http://www.idealpower.com/case.aspx?c=4
Using that same ratio, 8000MWh translates to 1920MW of capacity, which takes 64000 of their 30kW units to provide.
So the news of "Eos receiving more than 8,000 MWh of qualified pre-orders" translates to about $500 million in product revenue for IPWR.
Please help me with my math if I'm off, because that sounds outrageous.
Even if the "qualified pre-orders" are over multiple years, it's a massive deal, and that's just one partner. And this company's share price will see huge gains.
Anyone here following NantKwest (fka Conkwest) and have a comparison to offer between their NK platform and CTIX's science? Their IPO next week values them at over $1.5bn which seems extraordinarily high for the stage they are at.
It most certainly is. That's phenomenal volume (if it's annual), for the 2nd year of commercial operations. Exciting. Hope to hear more about the financial impact this will have on the company.
Your math is off because they amount of power storage they quoted was in MWh and not MW. So it depends on how long the engery storage lasts for .. I have no idea, maybe 20? It could be 8h and it could be 48h.
So 8000MWh / 20h = 400 MW, which equates to 13,333 x 30kW units. Each costs about $10k, less with volume. So let's say $7k/unit, that's almost $100 million in unit sales. Too high, IMO.
So say the systems run for 48h, meaning 8000MWh =~ 170 MW, or 5500 units, which is still about $40 million in revenue.
Looks really good, even with the conservative scenario.
Any idea what 8000 MWh translates into, in terms of 30kW inverters? Is that around 300 units?
Indeed $230k is an awful lot for such an installation, but this was a showcase with integrated logos and a realtime PV power gauge. The incremental cost for their colored glass was surely not more than a footnote the project costs. They just need PV integrators to certify and resell their glass.
IMO opportunity is huge, but they'll need to chase hundreds of resellers and integrators or architects in order to generate significant demand.
I wonder what the new product they are developing is? Perhaps the ability to more easily integrate shapes and words/logos in the glass??
PR today: "Ideal Power Receives 5 MW of Orders"
Proof H2 generate and FC's are making huge progres:
http://www.bloomberg.com/news/articles/2015-07-02/german-wind-to-hydrogen-plant-takes-car-fueling-battle-to-tesla
Some snippits:
Info about the Indian Tower's developer:
Company RA Solar PV Ltd
http://rasolarpower.com/
RA Solar CEO Fred Hamilton:
https://in.linkedin.com/in/fredhamilton01
It seems RA Solar has an MOU for a PPA with Tata Power Trading Company Ltd.
Their website hasn't been updated in at least 18 months, mind you.. so I'll wait until the money changes hands to EVM before celebrating, but it looks promising.
Really?
Surely you jest. Worldwide access to fresh/drinking water maybe on a path to critical levels, but water is more far more abundant as a source of H2 than CO2 is (in the super high concentrations required) for MFRC feedstock.
Great article (from last year) about IPWR on Forbes.com
http://www.forbes.com/sites/peterdetwiler/2014/05/29/ideal-power-some-day-an-electric-school-bus-may-save-you-from-a-blackout/
wow, 400:1 rev-split and almost 4x rise is A/S .. it's like a 1600x increase in A/S.
CEO seems to have anticipated that the price at which he'll need to issue shares in the future will be extremely low.
Agreed, and the new CEO is an M&A guy so I think we'll see more strategic acquisitions in the coming months. IMO it would be nice to see more application-centric acquisitions.. have Ballard cover a deeper slice of the FC products & solution market. If their Engineering Services division were it's own company, it'd be quite profitable. Also, offering more downstream products is great for them IMO.