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If every smart phone incorporated a sensor with Nanoco QD's in, and they received a penny for every sensor, it would account for around £15m per year in revenue. However if the tech is widely adopted I think most phones will use more than one QD enhanced infra red sensor, plus smart watches then of course there is the possibility of QD's being incorporated into phone displays.
There is a lot of truth in the parallel between Apple and ST Nige and undoubtedly a wider range of product uses with ST, so a great partner.
When Apple paid £15 m to build a factory and many £m more for development, I suspect the market did not price the risk of cancellation, since the intention was to make and delivered nano-particles as soon as possible. At this point, NANO is supplying ST Micro with only small quantities of product and is helping prepare it for a specific use. I think that is what accounts for the gap in SP between then and now.
Without Samsung news, it may take confirmation of extended orders to get back to the 40p leveI but hopefully we shall have that news (or something else from Merck) before the end of this year.
If Samsung settles early we shall take off, particularly since we shall have the R&D funds needed to develop multiple new product and income streams. For me, this is the truly exciting part of this process and if NANO is allowed to develop more solutions the company could be valued at several times the value of any Samsung settlement in just a few years.
When nano had a partnership with Apple (until 21/06/19) the Sp ranged from about 36 to 50 then decreased to about 10. STM would not have formed an agreement with Nano unless they had a contract with Apple. To put it another way, we are now in the same situation (apart from Sp) as we were before 21/06/19. No need for a partnership with Apple, cos we supply STM who have a contract with Apple.
So I am hoping for a steady inc in Sp towards 50+, in short term and some sort of offer / settlement with Samsung before end of June, besides any new contracts. Probably won't happen cos II's been stung so many times they won't go near nano anymore.
Always had massive potential which could be realised soon.
FSP was a waste of time when nobody knew if Samsung was using (directly or indirectly - doesn't matter) nano IP. That has to be sorted before you could make a sensible bid.
If Samsung was to buy nano does that have to go to an EGM for share holders to accept / reject the offer? Don't remember it happening with Arm.
BoL all
Yes, more positives now than for over a year but probably a couple of more at least before realising full value potential, even if Samsung settles early. The IR sensor market alone holds similar value.
Given that LOAM would probably bite Mike’s hand off to participate in a placing, I am pleased he has not gone down that route, at least not so far, and hopefully there will be no need to.
A few things to remember to temper any great expectations.
At present Nanoco need about £400k a month to tick over, that's with a significant amount of staff furlouged. From August 20% of those furloughed staff will have to be paid for by the company, then the scheme is scheduled to end altogether by October. The normal cost of keeping the company going is £700k per month.
So between now and August, Nanoco are going to need to either ink some contracts worth at least £2-3m , or cash raise, or restructure to have themselves signed off for the following financial year
You do need to sell a lot of dots to bring in that kind of revenue, and I think only display is going to achieve that in the mid term. So before I get excited I want to see a screen or two with Nanoco dots in it, or they need a good deal with Samsung, which would certainly secure their future for some years.
Could be PPE but you have to wonder why no one was sufficiently interested to buy when the Strategic review was underway.
NANO needs to make itself a going concern and a growing one at that. Ironically, there will likely be much more interest at bigger £numbers then.
The STMicro deal is a great first step toward profitability but we need more, and particularly something that generates near term income streams. Hopefully, Merck has some good news soon.
Interestingly, Edison’s latest report noted that Apple did not have a relationship with NANO at the moment but inferred that the relationship might be rekindled in future.
For short term benefit, it would be ideal if ST Micro could review its products to see if there are any quick wins, whereby existing sensors in certain products can be replaced by NANO’s without too much development. I am sure ME will have thought of that option already.
Speculation on my part, but part of that was the launch date of late 2021. To launch late 2021 in time for the festive shopping production would start some months before, tooling production lines and building inventory.
Interesting but I'm not sure the timing is right. Didn't ME say "volume" production of the new products was end 2021? I think we need some more short term good news to keep the SP going upwards. Merck maybe ? Some news related to the display opportunities that ME talked about perhaps?
It is reported that Apple intend to include a Lidar sensor in its next mobile. I could be accused of 2+2 =5
St Micro + Nanoco = qd range sensor
https://www.t3.com/au/news/iphone-13-leak-reveals-how-apple-intends-to-counter-attack-samsung-galaxy-s30-2