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Someone is buying in £5k chunks, cool!!
SP is flying (LOL) , lets get some momentum going, bought more yesterday. Update on sales would be nice and some news on the technology update would be welcome as this was targeted for Q3.
ATB
Overview:
Company Operations
Verditek PLC (VDTK) is an international clean technology company that develops, manufactures and sells certified lightweight solar panels. The company’s shares are listed on the Alternative Investment Market (AIM) and the company is currently valued at £10.9 million as of 28th May 2021.
Through its three technology focused subsidiaries, the company is focused on commercialising its solar panel business. With manufacturing based in Lainate Italy, Verditek has developed renewable power solutions for its customers that drive solar energy into applications previously unachievable. For example, the solar panels replace diesel fuel in areas such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing.
In addition to the current solar panels in production, Verditek has partnered with a market leader in graphene technology, Paragraf, and have created the worlds' first Graphene Integrated Photo Voltaic cell. The two firms are working together to engineer the technology for commercialisation.
Product
VDTK’s product is a rectangular panel with up to a maximum of 72 cells per panel. Like traditional solar panels, VDTK’s product traps solar energy through the use of photovoltaic cells made up of many layers of materials, including the essential semi-conductor layer – this last being what converts the sun’s energy to electricity.
Benefits
VDTK’s product shines by being robust, flexible, lightweight and cost-effective:
Lightweight. Weighing just over 2Kg/m2 , VDTK’s product is lighter than a conventional panel by a factor of six, or indeed more – as conventional panels can weigh as much as 40 kilos.
Robust and flexible. The product is both robust and flexible, as a result of both polymer and filament technology which is embedded in the manufacturing process.
Competitively priced. Given the significant advantages above, the selling price for the company’s key product is currently around the €1.3 per Watt mark.
Verditek recently announced that, by using the latest components available, the first generation product has gradually been enhanced to increase the power output from 260 watts per panel to 288 watts and then to 300 watts. This is for a standard sized panel that comprises 60 photovoltaic cells. After several months of research, the company is now embarking on the production of a more technically advanced panel that is expected to produce 350 watts per panel;
Commercial Progress
Recent years have seen the company in the development phase, but since a change in management with the appointment of new CEO Rob Richards on May 7th 2020, Verditek has started to make the most of the opportunities available in a growing market.
The raising of £500k is due to close in a couple of days , £225K already underwritten - All good!!
https://crowdforangels.com/company/plc/verditek-plc-1054#offer
ATB
You raise good points Snip and Roger. it is mostly a speculative buy and i didn't put much in this at all, as you have pointed out we know very little on company fundamentals. The technology is very good as its on the graphene and they expect above 25% efficiency which normal high end Silicon Panels are (the ones in the resi scaleable markets) theres higher but these use advanced materials which are very expensive and the cost per watt makes them a bad option for conventional use. Apart from these Graphene panels being lighter and use more diverse they are much easier to install and usual panels up to 40% of the cost is installation. The only issue is they haven't really given numbers on this and production costs of the graphene, so again speculative and I would not being putting large amounts of cash in this anytime soon. I am not an expert and this is solely what I have researched on my own so am happy to be told im wrong, as I very well could be.
Keeping an eye on this one, and seems to be having a long overdue blue day!
Am I the only one who has not lost faith? Bought more today, onwards and upwards
All the best
Agreed. Written this off now. Directors are clowns. Good idea but totally mismanaged by buffoons so an opportunity lost. Great shame someone else can’t come in and show the way. It’ll either fold or it’ll be a distressed sale. Either way current holders are buggered. Just another one of the rotten apples in my AIM portfolio. Nearly every single one has gone belly up, turned out to be a scam or lost over 50% in over 6 months due to clueless directors. A lesson learned.
What is it about the technology that you find so impressive and who have you compared against to give a benchmark?
This should be a good company to invest in but sadly it is not, at least not right now. Wait until a SALES RNS comes out and if it's decent or has initial orders with decent reputable organisations, then think of buying in. Right now it looks like the company is going to fold, in my opinion.
I took a chunk having done my research on the technology. Looks really promising, one of the big issues about conventional solar is the cost per watt to produce power driven by huge installation and product costs. Hopefully this drives down both with less material usage, logistical costs and easy & fast installation. with more ways to use this Technology.
I cannot find the solar to electricity conversion efficiency though which would be very helpful to mark against their competitions standard panels. Well aware of the risks on this one but if they effectively bring this to market the upside is huge!