Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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yes. There is a licenced 10Mw per shift capacity at a Portugal facility.
Licencing was mentioned in the annual report as something they are pursuing with a number of facilities. It would certainly give them some flexibility above the 50Mw capacity they can achieve from Italy.
In the interview I believe PH stated that things just took longer than expected.
They have now spent the money on the factory and the product is certified and ready for sales and production.
Whe pressed by the interviewer about commercialisation PH said that 'commercislisation is now
That was in May/June and as you can see he was not joking !
Great summary. Many thanks. Clearly VDTK are very confident if orders materialusing or they wouldn't be expanding capacity si aggressively. In addition to Lainate don't they have 10MW at Moura and the potential for OEM capacity expansion elsewhere (mentioned in a recent RNS)
My main question (apologies if it is a dumb one) is why it has taken them so long to generate orders and revamp the sales team. Back in 2018 management were predicting orders would materialise in 2019 but they didn't seem to materialise. Was thisxdue to lack of certification, poor S&M, the need for further product improvement/evaluation?
Just listened to the Paul Harrison interview again. Some pertinent points
1Mw of verditek panels can save mining companies $3m dollars (assume AUS) per year in diesel costs.
Mentions imminent deal with one of the worlds largest trucking company for transport cooling
250kw can be deployed in 24 hours from a shipping container
AUS government offering a 50% tax break for next 12 months. This has become a target market for Verditek for obvious reasons.
Verditek PVs do not suffer from shading or dust. They have a 3M polymer coating which repells.
Output, longevity and durability allows Verditek Panels to be installed in markets not possible for traditional solar PVs such as offgrid and out of town retail and commercial units (roofing cannot take weight of traditional) out back off grid mining, theatre deployment for military exercise in war zone.
Ammortized cost of diesel in gulf war was $200 per litre due to shipping, convoys, protection etc. Cost of traditonal solar and lack of durability prevent use. Verditek panels can be velcro'd to the side of a tent. 6 x 9m tent with panels attached can produce 7-8kw of power. Huge saving for military.
Spent 2 years and millions developing, testing and certifying product. IEC certified by TUV.
Recently funded and capital previously spent to develop factory. 20Mw up scalable to 50Mw
JDP with Paragraf in phase 2 to improve efficiency of what was considered a worlds first successfully producing a working PV using graphene.
Phase 2 is to increase efficiency from 22% for traditional solar to 30 maybe as high as 40%. Markwt has not recognised importance of this or understand value.
Expecting 'Big developments over next 6 months