noco-noco Inc (NCNC)

[DPS1212]

https://www.marketwatch.com/press-release/noco-noco-and-neogen-forge-strategic-partnership-to-unleash-x-sepa-tm-technology-in-india-s-burgeoning-battery-market-projected-to-exceed-us-16billion-by-2031-2e9f7848

[herbied47]

Going to bounce!

[herbied47]

Keep the dips coming!

[herbied47]

No no. Time to add more.

[paulie c]

total scam co here!

[mick]

https://www.otcmarkets.com/stock/NCNC

[mick]

noco-noco to Acquire X-SEPA™ Separator and Lithium-ion Battery Development Company noco-tech
10/23/2023 08:00:01 AM

[mick]

i think reverse split will happen

[mick]

i like book value @ $7.00

[mick]

NCNC
noco noco Inc
0.21
0.013 (6.60%)
Volume: 14,195,136
Day Range: 0.198 - 0.223
Last Trade Time: 5:28:57 PM EST


noco-noco to Acquire Japanese Electric Vehicle Manufacturer Assemblepoint
SINGAPORE and YOKOHAMA, Japan, Nov. 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- noco-noco Inc. (NASDAQ: NCNC, “noco-noco”), a decarbonization solutions provider, has announced its intent to acquire 51% of Assemblepoint Co. Ltd. (“Assemblepoint”), a Japanese electric vehicle (EV) manufacturer with a presence in the Philippines for a consideration of approximately $3.6 million via a share swap arrangement, in a strategic move driven by a shared commitment to address pressing environmental and transportation challenges on a global scale. The acquisition, upon anticipated completion in the first quarter of 2024, is expected to be accretive to revenue growth and earnings in 2024. The proposed acquisition marries noco-noco’s long-lasting and high temperature-resistant battery technology, and Assemblepoint’s rapidly scalable electric "Smart Bus” assembly, where buses are centrally designed in Japan with a commitment to quality and precision, coupled with a locally assembled process at much lower cost.

The Philippines has committed to a 75% reduction in national emissions across key sectors by 2023, but progress has been hampered by bottlenecks like the lack of charging infrastructure and financing to shift to electric vehicles.

This is where the combined strengths of noco-noco’s battery technology and Assemblepoint’s rapid assembly approach synergize to provide transformative solutions to decarbonize the transportation sector.

Assemblepoint’s Agile Production Process (APP) allows its team of engineers in Japan to centrally design, project manage, and procure the components and parts for the electric buses, enabling control teams to work with local EV assemblers without the need for heavy equipment and expensive assembly lines typical to in traditional car manufacturing companies. Assemblepoint’s EV buses are designed with swappable battery packs to avoid the long hours needed to charge a bus. The result – a high quality, precision-designed and affordable electric mini-bus that will zip around the congested main roads and through the narrow back roads of the Philippines.

noco-noco's value proposition lies in its ground-breaking X-SEPA™ battery technology. Under rigorous testing, lithium-ion batteries (LiB) embedded with the X-SEPA™ separator and a proprietary electrolyte have shown a fivefold extension of conventional LiBs at sweltering temperatures of 60°C. This breakthrough is particularly significant, given that typical EV batteries experience performance degradation beyond 35°C. In developing economies like the Philippines, where summer temperatures soared to a scorching 50°C in 2022, such X-SEPA™-enhanced batteries redefine the possibilities of sustainable transportation with battery longevity translating to longer leasing duration and directly lowering leasing fees, a win for both the EV buyer and the lessor. In addition, the solution presents a feasible redeployment of the swappable batteries for second life use in Battery Energy Storage Systems (BESS) and a force for good to meet the sustainable energy needs of remote and economically-vulnerable regions of the country.

Once completed, the acquisition will put noco-noco on track to scale up its leasing business across the region. In time, the company aims to expand its presence into fast growing EV markets like Sri Lanka, Kenya, India and the Middle East. The addressable market opened by the acquisition stands to be substantial, with CleanTechnica reporting that more than six million EVs are forecast to be on roads in the Philippines by 2030, 600,000 of which are electric buses, commercial vehicles, and equipment. The acquisition would initiate with the deployment of 28 units and a 29th vehicle earmarked for Sri Lanka, as a starting point.

Masataka Matsumura, CEO of noco-noco, said, “The collaboration between noco-noco and Assemblepoint is not just about combining products; it's about creating a comprehensive offering. Swappable batteries, integrated with emissions reduction strategies, innovative battery solutions, and a battery leasing business model, form the foundation of a symbiotic partnership. Fleet leasing, coupled with carbon credits further enhances this value proposition, creating a holistic solution for customers. This strategic move is underpinned by our end goal of capturing over 10% of the commercial vehicle market in the Philippines by 2030.”

Assemblepoint's CEO, Takashi Miyashita, said, “Many pilot projects have been implemented in the world, but there are very few examples of successful social implementation and business. To ensure that the vehicle sales are profitable, the manufacturing process must be carefully planned and designed – execution is key with cost management tightly controlled. A projection of more than 2,000 units before the end of 2025 with potential offtakers in the mobility, logistics, and energy industries, and with lean and agile manufacturing processes, we can readily replicate the model and scale rapidly to capture the developing and less developed markets providing affordable solutions that also contributes to an upliftment of welfare and economies.”

Completion of the Sale and Purchase Agreement is subject to customary conditions precedent, which includes satisfactory completion of due diligence, and noco-noco having obtained the approval of its shareholders for the transaction and necessary applicable regulatory consents and approval for the transaction.

About noco-noco:

noco-noco Inc. (Nasdaq NCNC) is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. From X-SEPA™, a revolutionary battery separator technology designed for long-lasting and high heat-resistant performance, to noco-noco Lease, our leasing platform for green transportation, noco-noco addresses the need for clean, affordable, and sustainable energy solutions. noco-noco is working towards a future where batteries come fitted with IoT devices for data-light, smart energy optimization and usage. That’s sustainability simplified.

See noco-noco.com for more information.

About Assemblepoint:

Assemblepoint Co., Ltd. is an EV manufacturer that makes and sells electric minibuses and minivans under its Japanese brand in the Philippines. Assemblepoint completed its prototype in 2018, and as of 2023, has already delivered vehicles to public buses operators, logistics companies, etc., and has products running on public roads. Assemblepoint is developing business with a focus on the ASEAN region, where the shift to EVs is rapidly advancing.

For enquiries:
[e-mail]

[mick]

noco-noco to Acquire Japanese Electric Vehicle Manufacturer Assemblepoint
11/27/2023 08:54:37 AM

[mick]

NOCO-NOCO ANNOUNCES STRATEGIC ALLIANCE WITH TESNOLOGY TO ADVANCE SMART CITY INITIATIVES
11/10/2023 12:30:00 AM

[mick]

noco-noco to Acquire X-SEPA™ Separator and Lithium-ion Battery Development Company noco-tech
10/23/2023 08:00:01 AM

[mick]

noco-noco to Acquire X-SEPA™ Separator and Lithium-ion Battery Development Company noco-tech
10/23/2023 08:00:01 AM

[mick]

noco-noco to Acquire X-SEPA™ Separator and Lithium-ion Battery Development Company noco-tech
10/23/2023 07:49:41 AM

[mick]

time to look here, $NCNC

[WHITTENHALLJR]

Grabbed some 19s $NCNC

[pennyfinder]

How are your $TM** shares doing? Did the merger go through?

[herbied47]

I’m still holding NCNC! Let’s take a run! Also added JYD on the cheap!

[makinezmoney]

$NCNC: Totally agree.............. added here now at $0.20

I'm ready for some nice juicy profits here


GO $NCNC

[paulie c]

Foreign scam !

[IRON_CROSS]

She's trying to climb, but there's that confounded red wick down @.19 -- a little higher and I'm taking what little profit I can get and never looking back. This is one that didn't make the cut! Oh, well 💩 happens -- can't be right ALL the time! No sweat though,, see ya!

[IRON_CROSS]

This puppy has been a little trickster so far, but me tinks bottom might finally be in.

If so,, Time to Rock-n-Roll next week! Don't Miss The Fireworks 💥

[IRON_CROSS]

$NCNC - NOCO-NOCO ANNOUNCES STRATEGIC ALLIANCE WITH TESNOLOGY TO ADVANCE SMART CITY INITIATIVES https://www.thaipr.net/en/business_en/3407869

https://tesnology.co.jp/

Love the name of the 'alliance' company TES(la)NOLOGY 🤷 Hmmmmm

[IRON_CROSS]

About to set the hook and start reeling in the dough here. Go NOCO-NOCO I want to see you go LOCO

[IRON_CROSS]

Consolidating nicely. Almost time to slap another round of cabbage at er' 🤪
Looking to bounce off that wick @.3802 and fly... LG

[IRON_CROSS]

Starting to look good,, let it roll baby!

[herbied47]

Agree

[IRON_CROSS]

$NCNC this dog has had the living crap beat out of it. Just found it this morning,, in @.38 for starter and about to drop the hammer and double-up on that... looking for 10x here. 💥

[herbied47]

https://noco-noco.com/noco-noco-and-ogo-energy-collaborate-to-drive-sustainable-electrification-in-india/

[herbied47]

Dust is starting to clear here imho.

[herbied47]

Will shoot up again soon! Add big time!

[herbied47]

This will be $10 at some point in the near future. With the low float, probably their first headline business deal takes us there. Certainly worth sticking around accumulating and awaiting the ride.

[Monksdream]

Singapore stock