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If they can build larger panels then why don't they ?
Perhaps they lose efficiency ?
Perhaps the types of markets that are targeted by these products is not the same harsh off grid locations that veridtek target.
Agreed. Actions always speak louder than words.
CEO has been in place for 4 months and found contracts in 3 new sectors.
That is what does the talking.
Marine, oil and gas and agriculture with military and security to follow as well as mining.
Not just words but actions.
New production lines going in as we speak.
Thank you to those that have responded to my query.
To address the points made:
Whether it is 170 or 275, the efficiency is based per m2 not the max wattage size. Is there an inference that Sunpower or Renogy or other competitors cannot build larger panels? And why not?
The warranty is important; I don't know why VDTK is able to provide a much longer warranty/guarantee. Given the mono crystalline cells in the competitors units are likely to be the same or similar that is curious; is the polymer used in VDTKs panels a proprietary one that enables it to last much longer? I haven't seen any evidence of that yet.
Volume: I see no reason why VDTK doesn't have the potential to produce much larger volumes; that's not preposterous and scale in this industry usually reduces the unit cost as long as quality control isn't altered.
The CEO quote doesn't hold any weight for me; results and contract wins do.
I've seen market sizes bandied about in the clean sector; it's a way of highlighting a potential growth story; it's the same with the H2, waste to energy and graphene sector. I'm certainly not dismissing those figures as the clean tech market as a whole is enormous and has been underrated but it doesn't mean VDTK will get a tiny slice; it could get a minuscule slice or indeed a significant one dependant on how distinct the product is and how effective the management is.
Will a competitor sign a deal with VRS for example? Or indeed are they already experimenting with them but haven't disclosed anything yet?
I am not trying to dismiss the potential here; I've seen so many solar companies struggle or falter and margins deteriorate that I'm cautious of the bombastic claims that Paul Harrison delivered in that video; he kept comparing their product to conventional panels, when really he should be comparing them to other semi flexible solar panels. The key here still seems to be the impact that graphene will have on the panels, notably the improved conduction, durability and resulting efficiency.
I will go through the historical posts both here and in ADVFN.
From the results:
CEO: “I believe the Verditek Solar product is very well positioned to become a market leader in the ultra-lightweight, flexible solar market.”
“We estimate that the lightweight solar market is growing strongly and is going to be at least $28 billion by 2022.“
Verditek only need a tiny slice of that market to have a market cap multiples of where we are now.
And that makes a big difference.
From the website
10-20 YEAR GUARANTEE
Our proprietary technology is backed by a 10 year guarantee and 80% efficiency after 20 years
Also only give 5 years warranty for 80% of maximum rated power output.
Verditek has a warranty at least double that.
There are only two companies that I know of that produce genuine graphene as opposed to graphite and they are Versarien and Paragraf , Sunpower haven't got a hope in hell of producing efficient solar panels anytime soon, which is why VDTK are so unique.
The USP will be the certification from TUV and the fact that a Verditek panel delivers 275w as apposed to 170 of the Sunpower flexible panels.
Not really a competitor and if you read through these post and ADVFN you will find numerous posts which find so called competition.
There is plenty of room in this market for competitors anyway. To think Verditek could manufacture such large volumes would be ridiculous. But, anyone buying a 'competitors' product will find that it is either less efficient or does not manufacture panels of the same size, power and quality.
I only just found out about this company yesterday. I have gone through the videos Parob posted, thank you, and gone through their website.
Observations: Unless I am mistaken, Graphene is not the icing on the cake as Paul Harrison intimated, but the cake itself. I have looked for a USP but have yet to find one, putting aside graphene. Lightweight, thin, robust, polymer based Semi flexible solar has been around for many years, and has gradually improved in efficiency along with conventional solar. Sunpower is one company that produces high efficiency PV modules, both conventional and semi-flexible. The solar industry is incredibly competitive with factories that produce over 1000MWs annually.
Given Sunpower's size, they are certainly in a position to explore graphene and embed it into their panels. They can also scale up at a rapid rate, either with their own facilities or existing suppliers.
Could someone please highlight what the USP is (aside from graphene), as it seems unclear to me at present; hopefully I'm missing something that's right in front of me as I want to invest in more clean tech companies.