Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Looking at Guy's bio on the Aquapak site he is described as follows.
Guy has held board positions at a number of successful private equity and venture backed companies and is currently on the board of Aurora Plastics and Paragon Films. Guy is an Executive Advisory Partner with Wind Point Partners and, through his company Vector Advisors, he also provides advice, executive coaching and investment to a number of other companies.
It could be that his holding in Itx is one of many such holdings alongside Aquapak. I agree though that its very intetesting and has the potential to be much much more.
Fingers crossed there is a collaboration happening.
P.S. Sir Robert McAlpine is a £1Bn sales UK based construction company
Hi guys, I’ve been doing a little more digging here. Aquapak is a wholly owned and only subsidiary of Aquapak Hydropolymers Ltd., which has been funding the heavily loss making Aquapak for a number of years. The question is, who has the deep pockets in the holding company/where is the cash coming from? Well, one of the Holding Co.s non execs is Richard McAlpine - part of the Sir Robert McAlpine construction dynasty. All this is publicly available from companies house. This is all irrelevant if there is no connection between Itaconix & Aquapak, but - and I’m with Thordon on this - given Guy Broadbent’s involvement, his shareholding in Itaconix gives him an investor’s route into that relationship - if it exists - which he doesn’t have at Aquapak, presumably because it is a private company. The very deep pockets behind Aquapak are obviously onto something. I wonder if Richard McAlpine has invested in Itaconix?
Too many large transactions going through lately for there not to be something about to be released.
Holding very tightly onto my shares, very interesting times ahead, if this all comes together.
ATB
AJP
If a betting person would put this at 90% that the two are working together , shows why this has been kept under wraps.
All disposable takeaway foods and drinks that cause pollution will be made of this product.
Also paper straws are a waste always fall apart
Estimated worth around the world would be upper billions , if ITX gets 5% of each product that's a game changer
Excellent detective work Thordon.
What level for the SP if we get an RNS out on this ?
Will be absolutely massive, when you think about the applications.
ATB
AJP
Taken from ITX site
The Company’s initial focus will be on targeting the biodegradable plastics market where the
new BIO*Asterix additives have had positive results in early field trials with potential
customers. The BIO*Asterix additives can add valuable properties or overcome performance
deficiencies that currently limit the use of biodegradable plastics.
https://itaconix.com/wp-content/uploads/BIO-Asterix-introduction-9-February-2020-FINAL.pdf
Taken from Aquapac web site - main point - Fits in with ITX statement
Studies have also shown that PVOH in combination with other synthetic and/or natural materials is biodegradable. In fact, the degradation mechanisms for PVOH have been fully studied and the pathway has been established as: first, random chain scission of the polymer molecule to acetic acid; and second, the oxidation of the acetic acid to carbon dioxide and water. It is thus obvious that the final biodegradation products of PVOH are very innocuous compounds.
hxxps://www.aquapakpolymers.com/2019/11/26/independent-article-on-the-uses-and-benefits-of-polyvinyl-alcohol-in-packaging/
This is getting exciting , reading all formats on BIO*Asterix it would appear to be easy constructed formula , in other words does not need ITX factory to specially produce.
This would therefore be licenced out , this would replace all disposable plastic with BIO*Asterix on paper and cardboard.
If other researchers can clarify then this would make ITX a world leader in bio plastic.
Exciting times ahead if we have managed to get a foothold into the bio-degradable plastics market.
Is this one of the reasons for some of the large trades that have been going through lately ?
Time will tell, would be nice to get some sort of update from ITX on progress, cannot be too far away.
ATB
AJP
This all fits in
aquapakpolymers are making a thin film over paper or card board - DS Smith are one of the potential customers
10 February 2020
Itaconix plc ("Itaconix" or the "Company")
New BIO*Asterixâ„¢ Product Line
Itaconix, a leading innovator in sustainable specialty polymers, is pleased to announce its BIO*Asterixâ„¢ line of functional additives based on a new range of bio-based chemistries derived from itaconic acid. The Company developed the new BIO*Asterixâ„¢ additives over the past three years for a wide range of potential uses, ranging from biodegradable plastics to decorative paints. The Company plans to launch its new product line in stages over the next two years.
The Company's initial focus will be on targeting the biodegradable plastics market where the new BIO*Asterix additives have had positive results in early field trials with potential customers. The BIO*Asterix additives can add valuable properties or overcome performance deficiencies that currently limit the use of biodegradable plastics.
Dr. Yvon Durant, CTO of Itaconix, stated: "The new BIO*Asterix product line leverages our success at meeting customer needs with our understanding of itaconic acid chemistries. I believe industry and academic researchers will find value both in the unique functionality of the chemistries and in our expertise in realizing the unique value of these products."
John R. Shaw, CEO of Itaconix, added: "BIO*Asterix represents a broad new frontier for Itaconix and the value of itaconic acid chemistries. We are confident from the early success of customer trials that our new BIO*Asterix products will become key additives in numerous applications and generate new revenues in the years to come. We look forward to reporting progress as our efforts advance."
Ends
Investment in ITX 4.12% Guy Broadbent 18,275,000 $1.7m Chairman of Aquapak
This one is interesting as well
hxxps://www.solugen.bio/
Yet another link, big investor in ITX.
Chairman of Aquapak
https://www.linkedin.com/in/guy-broadbent-24047b6
ATB
AJP
Excellent spot Thordon.
ATB
AJP
Interesting piece below also links with John Shaw on Linkin
Worth investigation
hxxps://www.aquapakpolymers.com/technical/