Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cat9 you're obviously someone who has the time and resources to do a lot more research than the average PI so I hope you will continue to keep us updated. How on earth did you manage to speak to Rob Richards?
I've spoken with RR and he has admitted that VDTK don't have any patented IP on Gen 1 SPVs but doesn't believe that is important. Fair enough. Patented IP isn't everything. Loads of other factors determine commercial success and defending patents can be a costly , time consuming and ultimately pointless exercise.
Finally it's reassuring to know our CEO is a PhD in Physical chemistry.
Basic DD from any company parting with $2.2M can be assumed, as IP/ legal risks can majorly mess up business continuity. Patents ownership would typically have been scrutinised very early on.
Wether owned outright or through partner agreements, a well-thought out strategy on something as basic as this, this early on in their commercial journey is a given.
May 17 2019 (Renewables Now) - Verditek Plc (LON:VDTK) has consolidated all of its photovoltaic (PV) assets in Verditek Solar Italy srl, which enables the London-based clean technology company to start refurbishing a PV module factory in Italy.
Verditek said in a statement today that it achieved the full consolidation by taking full control of Greenflex Energy Limited, previously a 51%-owned unit, and then liquidating asset holding firm Greenflex RSM srl. The statement says that all accumulated losses incurred in Greenflex RMS have been forgiven.
Now, Verditek Solar Italy can proceed with refurbishing the Lainate manufacturing facilities and refining the formulation of the company’s lightweight PV modules, Verditek said.
According to Verditek’s website, the particular factory has a start-up capacity comprising two production lines totalling 50 MWp. It produces lightweight panels for use in projects facing challenges in the installation of conventional modules.
It looks like it already owned the factory in Lainate and just transferred the assets there from San Marino for refurb of the whole line. Interestingly, they said start-up was 50Mw.....
Another issue I am trying to get to grips with is VDTK's SPV production facilities. When they were listed on AIM in Aug 2017 they controlled a 51% stake in Greenflex which had 2 production lines in San Marino with total capacity of 50MW. When they acquired the minority interest in Greenflex (49%) in May 2019 they announced that they planned to scale up production of a 20MW production facility in Lainate, Milan. So what happened to the production facilities in San Marino that were owned by Greenflex and how/why did VDTK shift operations to Lainate? The answer is probably very simple, but I haven't been able to find any explanation.
When VDTK listed in Aug 2017 the main focus of Greenflex's SPVs seemed to have been solar roof tiles. The technology was developed by Claudio Marati. I heard from another source that VDTK's flexible lightweight SPVs were specifically designed for the British Antarctic Survey to withstand extreme weather conditions of -40C --> +85C. Neither Greenflex nor VDTK appear to own any patents so I am trying to work out how VDTK developed this incredibly competitive product. There isn't much background information on their website or anywhere else than I can find.
Also partnered with Paragraf (non-public) on the graphene SPV, I think IP here may lie with Paragraph and they have a commercial agreement, Just IMHO based on a quick search in IP databases, but nothing definite..
VDTK acquired 100% of Greenflex since May 2019 and own all intellectual property, from a previous stake of 51%. See document below. If you want specifics, search patents databases like EspaceNet, I suggest a combination of key words "Greenflex - Solar"
Doc linked below is old but interesting snapshot of past constitution of the group. https://verditek.com/uploads/document/Verditek-PLC-Admission-Document__1_.pdf
They are very difficult questions to answer Cat9. On the question of competitors I just judge Verditek on their ability to keep selling the product. Looking at the past 6 weeks under the new CEO they have really delivered on their promise. The market is huge and Verditek only need a small percentage to transform the business.
I don't know how Verditek have engineered their cells to be so robust but orders from the mining and oil business suggest they have.
Couple of questions. As I understand it, VDTK's SPvs aren't covered by any patented technology. How easy would it be for competitors to replicate their products and squeeze them on price? I think VDTK mentioned that they have a very competitive cost base vs competitors. As I understand it, Si mono SPVs have higher power output/efficiency levels than Si poly SPVs but historically they have deteriorated in conditions of extreme heat. VDTK appears to have overcome this issue. Does anybody have any idea of how? Finally there was talk of some competitors using Cadmium which the EU may ban. Do we know when the ban is coming into force and which of VDTK's competitors it might impact?