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Monday, October 06, 2014 3:11:15 PM
SCON - 2015 top pick - High temperature superconducting wire
Two years late but finally turning new technology into commercial production.
Proprietary leading edge technology for high temperature superconducting wire.
Company website
http://www.suptech.com/home.php
No need for cash – They cancelled their existing shelf registration after a dilution in 2013.
First commercial deal to come coming months.
Start production in Q4 2014 and ramp up production in Q1 2015.
Now in order to do that you must have client specifications for the wire they want.. and in order to ramp production doing so… you need a commercial deal.
Which I expect in the near future now
- Production process consists of three pieces of machinery. Final third stage machine installed in late august 2014, installed in September and being tuned in.
- One commercial production line of kilometer lengths has roughly capacity for 750 kilometer of wire per year
- Rough revenue projection for 750km of wire ~ 35 million dollar per year
- Highly scale-able : any new production line will take roughly 8-11 million in machinery
- Many sample wires already sent on their smaller 50meter pilot machine in the past year.
- No debt
- No existing shelf registration
- Existing warrants in place
- Fairly low volume here and about 1.7 million shorts
Technicals: low volume daily chart , nicely bottomed for this smallcap.
More interesting is the weekly chart:
http://stockcharts.com/h-sc/ui?s=SCON&p=W&b=5&g=0&id=p90089240728&a=366926965
Two years late but finally turning new technology into commercial production.
Proprietary leading edge technology for high temperature superconducting wire.
Company website
http://www.suptech.com/home.php
No need for cash – They cancelled their existing shelf registration after a dilution in 2013.
First commercial deal to come coming months.
Start production in Q4 2014 and ramp up production in Q1 2015.
Now in order to do that you must have client specifications for the wire they want.. and in order to ramp production doing so… you need a commercial deal.
Which I expect in the near future now
- Production process consists of three pieces of machinery. Final third stage machine installed in late august 2014, installed in September and being tuned in.
- One commercial production line of kilometer lengths has roughly capacity for 750 kilometer of wire per year
- Rough revenue projection for 750km of wire ~ 35 million dollar per year
- Highly scale-able : any new production line will take roughly 8-11 million in machinery
- Many sample wires already sent on their smaller 50meter pilot machine in the past year.
- No debt
- No existing shelf registration
- Existing warrants in place
- Fairly low volume here and about 1.7 million shorts
Technicals: low volume daily chart , nicely bottomed for this smallcap.
More interesting is the weekly chart:
http://stockcharts.com/h-sc/ui?s=SCON&p=W&b=5&g=0&id=p90089240728&a=366926965
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Feedback is allways appreciated, as are other (annotated) picks
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