RE: Investor Meets Company, important points.3 Aug 2024 08:16
How Bond can stand there and say the ABB system is not late is beyond me when in the ABB milestone RNS from a year ago it states first operation this year (2023) when in fact it was July of this year beggars belief. And the list of reasons why it’s been delayed grow (like Bonds nose) with every meeting, wiring issues, software issues, and most recently some parts needed replacing. No mention of Alkamem whatsoever, been dropped probably but that news will get buried at some point in the future. It does look like the next 6 months could be good though, again, amazing how Bond revises the revenue target on the fly making no mention that the target was in fact £5-6m not £4m that is now expected, but I doubt will be achieved seeing as every target/milestone in history has not been met.
The milestone is the first of a two-stage development programme first announced November 2021 that will now see a modular 200kW high power fuel cell system scheduled for first operation later this year, which will be followed by product certification immediately thereafter. The state of the art 200kW hydrogen power generator unit (and battery system) will then be sold to ABB E-mobility.