RE: ITX multibagger11 Nov 2018 17:07
ITX (Itaconix)
Mcap £6m
Cash approx £4m
52w highs 24p
52w lows 1.50p
Current shareprice 2.35p
Shares in issue 269m
75-80% With Institutional investors/Directors
20-25% Free Float
WHAT WE DO
Itaconix designs and manufactures high performance, cost effective and sustainable ingredients that are key components of products in the personal care, homecare and industrial sectors.
We are the world leader in developing and producing bio-based polymers from itaconic acid, combining the versatile chemistry of itaconic acid with breakthrough manufacturing economics.
PRODUCTS
HOMECARE & INDUSTRIAL
Itaconix® DSP™
Non-phosphate water conditioning in detergents, agriculture, and industry
Itaconix® CHT™
Excellent low-cost water conditioning for autodish detergents
Itaconix® VELASOFT™
Natural skin conditioner for handwash.
Itaconix® ZINADOR™
Easier-to-use and lower cost odor neutralization with no residues.
Itaconix® XDP™
Superior mineral dispersion from a 100% bio-based polymer
Itaconix® TSI™
Better and bio-based scale inhibition in home care or industrial water treatment.
Itaconix® BIOBIND™
Low VOC binders for paints and coatings
PERSONAL CARE
RevCare™ NE 100S
Bio-based hair styling polymer for use in haircare and mascara.
RevCare™ MC
Bio-based malodour management. Contact the company for further information.
RevCap™ Technology
Formaldehyde free, flexible encapsulation technology for sensitive ingredients.
Currently, we estimate that our product range is addressing global markets with an estimated aggregate turnover of $1.4bn per annum, but as a small growing company we recognise the challenge of effectively accessing these markets in a timely fashion. To address this, Itaconix is actively building collaborative partnerships with leading industry players such as AkzoNobel, Croda and Solvay, with the aim of accelerating market adoption of Itaconix's products. In addition, Itaconix has built a distribution network across 14 countries as a channel to market for the personal care business area.
Signed commercial partnerships and agreements
1 -AkzoNobel €20 Billion MCAP
https://www.akzonobel.com/en
Itaconix and AkzoNobel move from the technical evaluation phase to defining a joint marketing effort for Itaconix bio-based chelates
This latest development follows from the initial announcement in September 2017 that AkzoNobel's Specialty Chemicals business would commence the technical evaluation of Itaconix's bio-based chelates. Although commercial details remain to be finalised, both parties target to complete final agreements before the end of 2018. The goal is to establish a strong multi-year relationship to deliver Itaconix's innovative bio-based chelates to customers worldwide, thereby supporting the development of high performance, sustainable, consumer products using Itaconix technology.
2 - Solvay $12 Billion MCAP - First revenues from Solvay PAP license to sec