Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Where do you expect the new contract to come from ? It’s unlikely to be uk as I would guess all enquiries are being routed via Speedy hire, we already have a contract for the MENA region, so where do you see it coming from ?
I feel comforted knowing that the SP will keep rising once it starts, will it keep going up forever CN ? And you said not yet despite a good run of recent RNSs so at what point exactly will the rise start ? You seem so knowledgeable it would be good to hear your thoughts.
After several months of LinkedIn posts with no mention of AFC we are tagged again as of yesterday,
Last night our CEO Andrea Wu joined the Invest in Women, Founders and Traders Forum at the London Stock Exchange, opened by the London Stock Exchange CEO Julia Hoggett.
"Women’s contribution to UK’s GDP from 1997-2022 has grown from approximately £22.6bn to over £64bn, which constitutes a £1.12 trillion ‘gender diversity dividend’ to the UK economy".
Andrea's leadership has driven the team at Urban-Air Port & transformed the business into a high-growth, profitable, UK start-up focused on hardware technology. Urban-Air Port develops the most advanced landing & charging infrastructure solution for the advanced air mobility sector.
Contact the team to find out more here or reach out to Andrea directly;
https://lnkd.in/e9YbhAWg
#evtol #advancedairmobility #futureflight #urbanairmobility #urbantech #hardtech #fundraising #investing #femaleleaders #startup #venturecapital #investinthebest Supernal Hyundai Motor Group ACI EUROPE British Aviation Group ADS Group Ltd Irene Graham OBE Anita Tanna Camila Penna Jenny Tooth OBE Jennifer Thomas #angelinvesting #investinwomen #mergersandacquisitions #ipos AFC Energy #ceos #womenchangemakers #aam #vertiports
Git, a FAT is generally based around the spec of the system so I would be surprised if Speedy had deliberately agreed on a lower spec to please AFC, Bond said it was independent in the proactive video, maybe they had a 3rd party witnessing as well, sometimes a customer also requests 3rd party verification using consultants who have expertise in the relevant field.
For once it’s good to see Stocks ramps as AFC have finally delivered after all these years ! This is a serious product unlike the power tower, the 30kW unit should bring in serious revenue.
Git, the way my company did it, the manufacturer would detail the test parameters, forward them to the customers for any comments or additions and then the manufacturer would run through each test with the customer present/via teams etc
Are you StockChump mkII ? There is zero interest in AFC right now, there is no interest from investment funds no matter how hard AB tries, the capital markets event (were you even invested then ?) attracted zero interest, funds look at growing companies, not a company that hasn’t even delivered one unit commercially yet. It’s nearly manufactured, no wait, it’s had a FAT, oh it’s got Attestation, it’s not ready to order yet, if we don’t know neither do funds and they won’t invest, just use a bit of common sense.
Sorry disingenuous Haggis or is it StockCheque or EarEyeAm ? Which bit of what I posted is fake ? That he didn’t say it or nobody questioned it ? Or the whole thing wasn’t true and Altaaqa are still working to containise it ?
Zeus Capital is estimating revenues to remain negligible for the year to October 2023, but to grow significantly by 2024 to £6m (904% increase), and over £11m the year after. The Speedy Hire JV revenues are within this.
I would say these figures suggest they are not expecting any revenue from Tamgo for the next 2 years, the majority of revenue from one customer (Speedy) and little from any other customers, as anyone in business knows this is a massive risk, if Speedy have financial problems AFC have no revenue. AFC need a lot more customers before the next fund raise.
That £60m was meant to get us to break even, it’s not even going to fund the next 2 years at which time we will potentially have annual revenue of £11m, with net profit substantially less than that, so maybe another 4-5 years before break even.
Haggis, last week you were saying AFC can build up to 250 units in house, now you’re saying mass manufacturing will be done by a third party. If AFC do build 250 units in house they will need to fund raise to pay for the cost of building them !
Oh dear, how many times to we have to hear that AFC is making great strides towards commercialisation and we will see a lot more in the coming months - yet more patience needed ! And no mention from Zeus of the 200kW unit, maybe they’ve dropped that from their forecasts. AFC has 2 defined routes, the H power tower to displace diesel gensets and the ammonia cracker, so Zeus are not pushing EV charging, marine, data centres etc. and a fund raise coming soon, not looking good.
Well done Haggis, you’ve replied nothing is pending by copying and pasting the fact that there are further milestones pending -
As the product's manufacturer, you bear sole responsibility for declaring conformity with all requirements. You don't need a license to affix the CE marking to your product, however, before doing so, you must:
ensure conformity with all relevant EU-wide requirements
determine whether you can assess your product by yourself or if you have to involve a notified body
put together a technical dossier documenting conformity: find out about technical documentation
draft and sign an EU declaration of conformity
If this had all been completed the system would be available to order now rather than coming soon.