Member Info for Bananaman2

Ferrotty. It is all in the RNS released with the fundraising

but regardless, the market is plenty big enough for competitors anyway.

The sunpower warranty reflects the fact that they do not have the IEC certification which, as you state would be required by major companies looking to install the system in the types of sectors and locations targeted by Verditek.

Thanks Feeks and Martyh.

Excellent post FCI. I am fully supportive of this raise and believe this is the start of a new era.

Cautious of further funding but not totally against it.

Great metaphor regarding the loaf.

Positivity will feed positivity and we know what happens then.

Would be great to think Verditek panels are in such demand. If the order was placed for 34 Mw could Verditek fulfil the requirement and meet the installation deadlines without pushing away other opportunities?

Potentially, if they can get the additional capacity up and running in Italy and calling in help from the Portugal licenced production lines.

It would have a snow ball effect and growth would be accelerated at a rapid rate.

These vehicles look like a great idea for scooting around major cities etc.

How popular are they ? Can't say that I have seen anything like this on the roads or cycle paths for that matter. Look like a great idea especially with the solar range extender.

Shedjock, I would love to think that Rio Tinto are building a solarfarm using Verditek Panels. It would certainly be in line with the VIMEO interview with PH and Australian mining.

To be associated with a name as big as Rio Tinto would be transformational.

Why 50/50 though? I get that Verditek panels are durable and robust enough to accommodate the harsh mining environments but there must be other alternatives that would stand a chance regardless of the flexible durable nature of our panels?

Now, what would a comoany with £200m in the bank and a sales pipeline for locomotive and shipping power supplied through the 2MW megabox be worth ?

Not forgetting a string of customers that want the Alkamem membrane for alkaline water electrolysis

Oh, and the genset rental companies and construction firm that must comply with regulation on emissions

And the fleets of EVs that cannot connect to the grid supply but need ralid chargers.

Would 900million shares be so bad in this instance ?

900 million shares is still not horrific prociding that when/if they raise the capital to a maximum of 33% of the mew increased share capital in tranches of £2.2m, each time they do this the SP is significantly higher than it is today and not at a discount.

Raising this additional 33% at todays price would give them another £30m.

If the SP is higher (£1) or the MCap is £679m (SP being £1) then the additional 33% limit would be £226m.

Now just think what could be done with that!!

You could flood the market with your 2MW x 40ft containerised high density system and take over the hydrogen fuel cell market.

This would be my stipulation on this resolution. SP and MCap must be over £500m to ensure shareholder value is returned before any further raise of capital can be permitted.

Look at this as phase 1. Roll out, sales, manufacture and deployment of liquid system for EV and diesel generator replacment. Success equals free cash flow within 24 months

Phase 2 would be the same for the solid system and may require additional funds to give it a kick start. Much bigger project but much bigger potential.

Who knows. The 2Mw systems under development for release in 2022 along with Alkamem could be what makes AFC the largest fuel cell company in the world. Perhaps, just perhaps it could take the business into profitability and values in the £bns. 900 million shares then would really not be a problem as the SP would still potentially be in the £1s

Definitely need to have sales first !

So not only do Verditek offer a guarantee of 10 years the TUV certification has tested against hail which sunpowers 2 year warranty does not cover against.

Appears that the Sunpower flexible panels are not so resilient to harsh environments as you would expect.

Verditek panels have been tested against projectiles such as hail. Unlike Sunpower.

Taken from the installation guide.

Certain operating environments are  not  recommended for SunPower modules and are excluded from the SunPower limited Warranty. 
These include but are not limited to flooding, immersion in water or other fluids, contact with liquids with pH greater than 8.5 or less than 6.5, hail and other projectiles, 

Aputure. I don't think PH was making the a point that Verditek have the only flexible panels but he was identifying the advantages over traditional panels. This is just one of the USPs.

The comparison between Verditek and other flexible panels is not obvious but clearly Verditek are targetting a niche market which has firstly not be infiltrated by other flexible panels and secondly markets that are very large and would benefit from the advantages of high efficiency, low weight, robust resilient panels which they offer.

No. That would be it.

I am not sure they have missed a trick. More likely focused on a different market.

The potential for the Verditek panels is greater due to the resilience to harsh environments with no loss of efficiciency.

There are many flexible panel manufacturers but the market they are targeting is not really the most lucrative for Verditek.

Verditek are looking to displace diesel power generation. This will come under tight regulation as it is a heavy polluter. Often, these environments are off grid and very harsh i.e low temp or high temp plus dust or snow etc.

Verditek have proven and certified their panels in these environments and the type of customers they are attracting because of the testing and certification require the certification to be in place.

They have a small capacity but have realised the potential of the product and the CEO has made it a priority to increase this immediately.

Have you listened to the interview posted in here and ADVFN ? Well worth a listening not.

The graphene panels has huge potential but is certainly not priced in at all yet.

As I said, there are much better informed posters than me on here. You may pick up some further clarification from them once they rejoin the board over the weekend.

Apurture. We all make typo's. Don't worry about it.

All fingers and thumbs me.

Verditek are not in the business of selling one panel and installing it.

The warranty is different because the verditek product has been tested to destruction. This has included resistance to impact from extreme hail, low temperature and high temperature usage over prolonged periods of time.

If the Sunpower or any other product could come close then they would have the same certification.

The 25% efficiency you mention is not in relation to the flexible panel but a traditional solar system. The flexible panels claim to achieve 22% efficiency (80% after 5 years) maximum.

Can sunpower or any other manufacture a flexible panel in camouflage ? Or do they just produce standard rows of 4 x 12 or 6 x 8s in black ?

You must try much harder if you wish to discredit this company and their current product ?

Are you trying to convince yourself to invest and looking to find the negatives? This is understandable.

To be honest I did the same. You have to do your own research.

This is not meant to be argumentative. There are several other well informed posters that can respond much better then me.

Haha. The e-cargo bike is encouraging. Yes, great addition to the E-cargo bike to be able to have flexible solar as an add on. I expect it will be a no brained for those order the e-cargo bike.

The real money will be made in providing Verditek customers with the TUV certified product at a cost of £1.5 per watt installled. Possibly a little more for the most remote and harsh environments or this panels that need a camouflage design.

Out of interest, what is the cost w/m2 of the sunpower system ?

That warranty is 5 year power (20 year with Verditek) and 2 year product (10 year verditek)

Miles off unfortunately. If I was buying for off grid oil and gas (multi Gw market ) or Mining or Marine or Agriculture or refrigerated transportation i would want to know that I could rely on my product for a little longer than 2 years.

What is the payback period for Sunpower products ?

Case studies have shown that for refrigerated vehicles the payback is less than 2 years (diesel fuel savings). For remote locations such as this for military and security applications where the cost off diesel can be as much as $200 per litre with transportation, the payback and safety aspect of the verditek product is considerably more beneficial.

Sunpower MCap is $1.32bn

Verditek is £27m

Disparity justified?

I will add that the 170w panels are massive at 6ft x 8ft.
Can't find the efficiency but they certainly are nowhere near Verditek flexible panels for W/m2.

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.