The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
This is why Bond has been pumping out non news worthy RNSs in an attempt to increase the SP but failing badly as everyone knows it. The good news is Haggis said there wouldn’t be a fundraiser this year so we can ignore this scaremongering article 😂
After preparation of the necessary technical documentation as well as the EU Declaration of Conformity the required CE marking can be affixed on the product.
How many thought that RNS suggested we had the CE mark ? Even some other news articles suggest AFC now have the CE mark for the 30kW system, just goes to show how poorly communicated by Bond.
I wouldn’t get too excited yet Garonne, it is the first certificate and doesn’t mean the product works !
From TUV -
Four Steps to Your Product’s CE Marking
Step 1:
Our employees determine which directive are applicable to your product.
Step 2:
We carry out the conformity evaluation procedure and all required audits on your behalf. With a declaration of conformity, you demonstrate that your product complies with all valid regulations, such as health and safety product regulation or medical product regulations.
Step 3:
Some products or machines rated as dangerous need to have been initialized by an authorized body, such as TÜV Rheinland.
Step 4:
You can now label your product as CE Marking approved.
CE Directive and the CE Marking
The 'CE' abbreviation stands for 'Communauté Européenne,' French for 'European Union.' It also stands for EU-wide standards, which simplify the traffic of European goods.
Regulatory Examples
Low Voltage Directive for Electric Operational Products: 2014/35/EU
Active Implantable Medical Devices: 90/385/EEC
Pressure Equipment Directive: 2014/68/EU
Simple Pressure Vessels: 2014/29/EU
Toy Safety: 2009/48/EG
Building materials: VO (EU) 305/2011
Machines: 2006/42/EG
Electromagnetic Compatibility (EMC): 2014/30/EU
Personal Protective Equipment (PPE): 89/686/EEC (from 21.4.2018: VO (EU) 2016/425)
Ecodesign requirements for energy-using products: 2005/32/EG
Medical Products: 93/42/EEC
Lifts: 2014/33/EU
AFC have been targeting the Middle East ever since the signing of the MOU with Altaaqa on 1st April 2021, maybe it was an April fools joke, certainly a lot of people here were fooled by it. Altaaqa were meant to be containerising our fuel cell system, when questioned by investors his reply was very bizarre saying there was a piping issue, yet no one had the intelligence to question this in detail. Orders will not be coming from TAMGO ASAP as we are still not accepting orders for the products they would want ! And we don’t know when they will be ready either or what the hold up is, all we know is they’ll be ready soon….