Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Finally, we continue to review the Company's Board structure. We are delighted with Steen Feldskov's recent appointment as a non-executive director. Mr Feldskov is already making a great contribution, especially in relation to making introductions to broaden the Company's distribution channels.
The Board is confident that the growth of sales for IoT devices and the new Seven Hills production lines will transform the Company's revenue position with a consequential benefit to cash flow and the cash position of the Company.
We expect to be EBITDA positive in the next financial year and turn cashflow positive during the second half of the same financial year. Further, as the sales pipeline is currently in excess of US$50 million, there is also the possibility of bringing these milestones forward should we secure large orders.
There has been talk of Cap XX products being used in mobile phones. When they were being manufactured by Murata, they were supplying mobile phone and digital camera manufacturers, and I would expect that these would be some of the customers that have transitioned or are in the process of transitioning to Cap XX.
The following is from 2011 when Murata started producing Cap XX licenced products:
"Japanese firm Murata Manufacturing Co has formally launched the supercapacitor product this week, the company said.
The component, which will be used as part of LED flash bulbs in mobile phones and digital cameras, has been manufactured under a licence agreement between Murata and Cap-Xx..
Murata aims to produce 1 million supercapacitor units per month next year. "
I'm not quite sure that potential investors appreciate how close Cap-XX are to becoming a profitable company; EBITDA positive in FY23E but cash positive in FY24E, and fully funded to reach this. Their portfolio of products is increasing rapidly, just look back as past rns's and the larger modules offer a far greater return.
The company’s range is now around 140 products: 32 CAP-XX branded prismatic, several 3V and SMD designs, 5 Murata products, 55 cylindrical products, 17 Lithium-ion-Supercapacitor hybrids and 21 modules.
Revenue growth is impressive; A$5.6 million last year, A$8.3million this year, and A$14.3 million text year....! And this does not take into account any upside from a positive outcome from the Maxwell litigation, or new licensees.
The facts are all there for people to see, this is a company operating in the internet of things and electrification, two markets which are still at the start of a multi-decade long megatrend.
Looks like the Annual General Meeting will be shown on Investors Meet at 8am tomorrow morning:
https://www.investormeetcompany.com/
Should be an opportunity hear the latest developments and to ask some question hopefully.
Looks very promising indeed!
Jeff Colton likeds a post last week, an article called: "Energous and NGK to Enable Maintenance-free IoT Devices via Wireless Power Networks", which you can read hear:
https://www.everythingrf.com/news/details/15312-energous-and-ngk-to-enable-maintenance-free-iot-devices-via-wireless-power-networks
Contained within it is says: EnerCera battery has two types: “EnerCera Pouch,” an ultra-thin and bendable cell, 0.45 mm thick, for embedding in a card, and "EnerCera Coin," a coin-type cell. EnerCera Coin is the world's first SMD (surface mount devices)-type lithium-ion battery which can be mounted by Solder Reflow, commonly used as an electronic component-mounting process, and it can operate up to 105?
Now this sounds very similar to this which was stated in an Allenby report 30th Sept:
Progress has also been made on 3V products; a low-cost fully surface mount device (SMD) high power supercap; and a very thin/low cost prismatic supercap. CPX will shift 3V manufacturing to Seven Hills from Malaysia with first product shipments by year end.
Surely the same product? We could be getting an RNS about this tomorrow or Thursday.... :0)
I'm expecting a positive Chairman's statement on Thursday, a reminder of last year's:
CAP-XX's Chairman, Pat Elliott, also made the following statement in relation to the Company's activities:
"After being in a four-month lockdown since the 26th of June, I am pleased to report that Sydney, and our new factory in Seven Hills, came out of lockdown on the 18th of October. Despite the impact on manning and production our Q1 sales have again been strong, up 25% on the same period last year.
The sales order book remains strong, and the Company remains on track to meet market expectations. Demand from customers for products made at Seven Hills continues to grow, as more former Murata customers place orders especially as their stocks prior to Murata's exit are running down. We remain confident that over 75% by value of these former Murata's customers will be retained.
Further, demand for thin prismatic supercapacitors from IoT markets is growing. In addition to the sales orders already we have received, we are seeing strong enquiry levels for supercapacitors for IoT sensors, drones, microgrids and metering.
During lockdown (from the beginning of the current financial year) we have continued to increase output and yield at Seven Hills and reject rates in Q1 were approximately half those of the preceding quarter.
Operationally we are actively looking to add more technicians to accelerate the pace of improvement and product development at Seven Hills, along with the commissioning the DMH production line to produce even thinner supercapacitors sought by IoT and electronic users. Production from our contract manufacturer, Nationgate, is now recovering strongly, as Malaysia also comes out of COVID lock down. Nationgate has been adding staff to its CAP-XX production line which has increased output by over 25%.
We have installed a new enterprise resource planning system which has gone live and is designed to enable CAP-XX to cater for significant growth. We expect to see further benefits from this going forward.
On the licencing and litigation front we are waiting for the Delaware Court ordered mediation with Maxwell Technologies.
Cash reserves remain strong at A$2.7m with no debt and our R&D tax rebate of A$3.2m is expected in the next two months. The cash burn rate continues to decrease."
Now that they have secured the Commercial Order for the £3.99 million advanced payment in 2022, I would expect this to be the stepping stone to negotiating additional funding/partnerships:
This is what excites me : "In addition, Trackwise is actively exploring longer term strategic investment partnerships in order to support development and conversion of the very significant pipeline of identified IHT sales opportunities, notably for EV battery cell connection systems ("CCS") for UK and EU OEMs, with Trackwise as a Tier 1 or Tier 2 supplier, and also for other Medical and Aerospace sales opportunities."
RNS released 13th October:
Immotion Group plc (AIM:IMMO), the immersive entertainment group, is pleased to announce that it has signed two new zoo partners. Firstly Dallas Zoo, where we will install our first 12-seat outdoor solution, and secondly Oklahoma City Zoo which will be an 8-seat 'Gorilla trek' installation.
"136 motion platform pod seats in stock ready to be deployed"
During H1, when it became clear that further lockdowns could be taking place in China and that global shipping conditions, though improving, could deteriorate again, we invested further in our stock of motion platforms and headsets. We currently hold 136 motion platform pod seats in stock ready to be deployed.
"we remain confident of exceeding 500 installed headsets by year end"
Our estate has grown from 364 headsets (across 48 sites) at the beginning of the year to 414 headsets (across 50 sites) as 30 June 2022. As at today's date the Group has 476 headsets (across 52 sites). This increase in seats has been driven both by an increase in the number of seats at established sites such as Shark Reef Aquarium at Mandalay Bay, OdySea Aquarium and SEA LIFE London (32 seats in aggregate); and new installations, predominantly the 70 headsets in aggregate installed across our first three zoo partner sites in July and August 2022. With known install opportunities for the remainder of the year, we remain confident of exceeding 500 installed headsets by year end.
I'm not sure what you were expecting, as the the August pre-close trading statement gave a good indication of Q3 revenue? Revenues for the year shoud be around £11million, Market cap now £12million, so looking cheap. Streamlining the business is a positive, as LBE is clearly the Growth driver here.
I think that why the share price hasn't reacted is because their cash burn is so high at the moment, so they may still need a placing in the not too distant future?
We're exciting to announce we will be at the Amazon Web Services (AWS) Roadshow in Cardiff on November 10th! This half day event will bring together healthcare, government, and technology leaders to focus on unlocking the value of healthcare data.
Join Dr Thomas Oakley to hear about how we can achieve cross-provider care through a common view of patient data.
"In terms of the Maxwell case, CAP-XX has secured an offer for litigation funding which is expected to soon be in place to cover the legal fees in FY23, subject to the completion of due diligence from the litigation funder. The litigation offer ensures the counterparty understands that the case will be pursued indefinitely if needed and at no cost to CAP-XX. For a case to even receive an offer of litigation funding., this is a sign that the case is seen as being strong."