The debate over the necessity of LIDAR for autonomous vehicles, TESLA opts for cameras
Maybe this may prove the clincher?
Now that's not to be sniffed at!
Share buy back concludes on 29th May, back of fag packet estimate is that's circa 1.5 Million shares left to buy back at today's sp between now and the AGM, so hope seller is through by then or we are presented with confirmation the revised strategy is working encouraging more big buyers in.
Ian, I get that but wondered why Perrins was surprised that Versarien weren't involved, they are a small company punching above their weight but can't be everywhere although it does seem like it sometimes I must admit.
Not sure what there is to comment on Perrins, there are hundreds/thousands of companies enegaged with producing their version of graphene around the word but only one independently verified producer capable of producing it at the quality levels that produce optimum results on a commercial scale and that is VRS
Completion of Verified Graphene Producer Programme
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company is the first graphene company in the world to successfully complete the Graphene Council's "Verified Graphene Producer" programme (the "Programme").
The US-based Graphene Council's Programme is an independent, third party verification system that involves a physical inspection of the production facilities, a review of the entire production process, a random sampling of product material and rigorous characterisation and testing by a leading, international materials laboratory. The Programme is based on the most recent developments in globally recognised graphene standards, surveys of graphene producers, researchers and users, as well as analysis of commercially available graphene products.
The Graphene Council have designed the Programme to be an important step in providing customers and end-users with a degree of confidence, that has not existed before, that they are sourcing material from a reputable supplier, bringing transparency and clarity to a rapidly changing and opaque market for graphene materials.
Terrance Barkan, Executive Director of The Graphene Council, commented: "Successful commercialisation of graphene materials requires not only the ability to produce graphene to a declared specification, but to be able to do so at a commercial scale. It is nearly impossible for a graphene customer to verify the type of material they are receiving without going through an expensive and time-consuming process of having sample materials fully characterised by a laboratory that has the equipment and expertise to test graphene.
"The Verified Graphene Producer programme developed by The Graphene Council provides a level of independent inspection and verification that is not available anywhere else.
"We are pleased to have worked with the National Physical Laboratory (NPL) in the UK, regarded as one of the absolute top facilities for metrology and graphene characterisation in the world. They have provided outstanding analytical expertise for the materials testing portion of the Programme."
Neill Ricketts, CEO of Versarien, commented: "We are delighted that Versarien is the first graphene producer in the world to successfully complete the Graphene Council's Verified Graphene Producer programme.
"This is a huge validation of our technology and will enable our partners and potential customers to have confidence that the graphene we produce meets globally accepted standards.
I could not agree more tinlode. You might find the attached link useful. :)
LTHs will be serenely sailing on a cruise liner looking to collect after the world cruise has concluded, not rocking around on a rickety old fishing trawler constantly checking the catch. This is going to be volatile up to he end of the offer period with circa 7% shorters onboard and any holders who recognise when a pump and dump is likely on the cards and sell out into the raise to buy back more at a lower price at this stage of the journey is more akin to re-casting the net to increase their catch rather than missing it all together
Does any company currently have a REACH agreement to produce more than 10 tonnes of Graphene is the exam Q?
What is REACH?
REACH refers to the Registration, Evaluation, Authorisation, and Restriction of Chemicals in Europe. It is a key regulation that covers the European market.
REACH in Europe entered into force in 2007 and applies to all chemicals manufactured or sold in Europe in the following quantities:
In 2010 the regulation applied to any material over 1000 tonnes.
In 2013 this limit was reduced to 100 tonnes
On the 31st of May 2018, this will be reduced further to cover all materials above 1 t.
Chemical products can be manufactured or sold in quantities less than one tonne without complying with the regulations, however, this can be expected to reduce further with time.
Why does it matter?
REACH is the strictest law to date regulating chemical substances and will affect industries throughout the world.
When REACH is fully in force, it will require all companies manufacturing or importing chemical substances into the European Union in quantities of one tonne or more per year to register these substances with a new European Chemicals Agency (ECHA) in Helsinki, Finland.
In essence, you have to have your graphene product covered by this regulation before you have a commercial product. European customers are unlikely to buy large quantities from you unless you can demonstrate compliance with REACH.
Does this affect my company even if I am not in Europe?
Yes. Similar regulations are already being developed in Korea, Turkey, and China; other countries are following and developing similar regulations to REACH.
Also, large multinational companies operate globally and tend to harmonize labeling and regulatory compliance to minimize duplication. By complying with REACH in Europe they will cascade the requirements throughout their organisations.
Graphene is made from graphite; can I just use the graphite REACH registrations to cover graphene?
No. Graphene is considered a separate substance from graphite. The International Standards Organisation (ISO) definition of (few layered) graphene is equal or less than ten layers. For the purpose of registering graphene the substance definitions are being designed to cover a thickness of up 300 nm, beyond that the material can be considered to be graphite.
So what does this all mean for me?
Consortia members are developing the registration dossiers that will cover:
Graphene Oxide (GO)
Reduced Graphene Oxide (rGO)
The REACH registration dossiers for graphene for a tonnage band of up to 10 tonnes per year per registrant are being finalized and will be in place on the 31st May 2018.
If you are part of the consortium there will be no additional charge for getting access to the registrations dossiers to have your graphene products registered under REACH. All costs occurred during the process of establishing the joint registration dossiers w
Anyone for transparent smartphones?
Yes SIPP I was one of the people to deride one of your previous sp predictions of sub 18p that came with no background opinion and promptly incurred your wrath because you misread my post and thought I had implied that none of your posts added value. Agree far better to post a prediction with background opinion explaining why. For what it's worth, I pondered what to do first thing this morning because I was concerned with the increase in shorters and feared another pump and dump exercise; longer term all looking good but nothing wrong with short term profit taking
Bearing in mind the potential quantities of graphene we are talking about producing, is it possible that the Registration, Evaluation, Authorisation, and Restriction of Chemicals in Europe (REACH) approvals and the impact of the current BREXIT uncertainty to obtain future REACH approvals, delaying factors in announcing commercial progress?
Excellent post Robin. Those impatient people carping at the time it takes to secure the firm contracts from the collaborations should note the extract from the interview below, just shows the importance of VRS's graphene verification from the independent bodies.
Richard Baxter: Yes, it definitely does. It’s in the news now that Maxwell just got purchased by Tesla. A long time ago, I was an equity analyst covering Maxwell. They had been spending a lot of time and effort getting qualified by the different automotive OEMs. I remember one of the other analysts asking about that. The executive's answer was, “Look, the OEM’s are the hardest. It takes ten years and ten million dollars before you see the first dollar. After that, you’re qualified.” If you want to be a supplier of specialty materials to groups who have a voracious appetite now and continue to grow, then you have to be able to qualify for their material. And then you have to make sure that your entire supply chain is qualified so it isn’t just the initial samples they. They want, 10, 20, 50, or 100,000 tons to be the same quality. That takes effort and expertise in ensuring high-quality supply to those manufacturers.