Member Info for Elsol

Thx AJP - ChemyUnion looks a great product innovation partner for ITX. Product impactful messaging for hair care majoring on ITX active ingredient.

"Chemyunion is globally recognized for creating and developing innovative actives in the areas of dermocosmetics, life science, hair care and sensorial excipients. Our expertise encompasses an understanding of the aspiration for beauty and well-being, the future market trends and excellence in R&D. This is why our ingredients add value to the most successful brands worldwide. To be your first choice is what inspires us." 1992 founded. 298 employees, 2 Yr growth 17% .

I'm also optimistic for this being a major transition /rebasing year (2025). However, I do feel there is some S/T residual overhang of a prior LTSH that is selling into peaks of good news and hence masks the true intrinsic value increases of ITX news. When this churn is complete, the share can move again upwards, especially should H1 be v strong as has been suggested by the CFO.

Big vote of confidence from Croda - 2030 is a v. long duration contract so must have a strong end customer franchise position. H1 update to follow soon. Looking good.

Great, some orders and demand starting this new business vertical. I'm interested in the lower volatile compound/ safer ingredient profile and how this takes off (especially after my son built a new airfix aircraft last weekend with toxic chemical fume adhesives smell all over the kitchen!)

Love it Monte :-)

Hi Monte, paying a tad more for everyday green cleaning agents in the near term may prevent everyone having to buy expensive aircon units for the whole house, should carbonised fossil fuel global warming continue at this pace! Also Venice will be under 2 m of water soon as the ice sheets are melting at unexpectedly quick rate the modellers cant fathom. Bit like my large ice cubes in my G&T tonight in the garden...gone in no time. Opportunity cost is so much bigger for mankind and for next generations but we keep kicking the can down the road. What price is the planet?

AJP, corporate ESG emphasis continues at pace...I was very surprised that professional business valuers should consider longer term sustainability and ESG governance and displacement threats in their valuation analysis. Slow motion but all adding to weight of background factors in our favour

AJP just reposting on its own thread as this promotional messaging is super important to ITX's long term strategy - replacing more toxic petrochem sourced chem. building blocks with safer green ingredients.

Huge emphasis being made on Bio Asterix and its potential game changing characteristics.

https://www.linkedin.com/posts/itaconix-corporation_greenchemistry-saferchemistry-formulationscience-activity-7349178447513972737-ycB3

Good spot AJ. How did you google find that one as it's in Japanese?? For these Asian market research reports, presume there is some early commercial interest locally otherwise why bother? I can feel a new Q for next investor call. What approx. revenues are expected in RoW segments excluding NA and Europe in FY 26 and FY27 and for what applications?

Apologies Typo fat fingers re: AJP!

Great stuff ALP - catalysing wider mainstream cosmetic market adoption via commentator-led education surrounding ITX specialist ingredients

If ITX are close to $5m revenue for 6 months it will be an outstanding performance with v. strong underlying growth of core ingredients excluding the jettisoned large client.

Guys we are still in slight fog of Trumpmania tariff madness remember so when the mist clears we should be in a really good accretive SP place ( August?) I noticed that Vietnam has a dual by-pass country tariff rate of 40%, so that to me is the upper end of the tariff threshold that blocks reimportation into likes of Vietnam and other Asian geographies for China in any supply chain to USA ( good news). A rate I believe ITX can manage and work with. Let's await H1 and take it from there.

I agree Loot - incumbent big chems companies may want to take out ITX ( M&A) as a protective mitigation against medium term bio- displacement risks to their massive fossil franchises. That would earn everyone here a very rewarding multi bag from at the current micro-sized SP. We must be soon supplying some of these larger companies for development purposes one would assume but good to confirm on the next CEO/CFO investor call.

I think social media they are now very active at least for last 6 months. In regards PR, they definitely need more attractive investor specific messaging in USA and EU.

Commercial Product Launch of Plant-Based Products for Paints, Coatings and Adhesives

For any disruptive technology aware mid/large global Spec. Chem company operating in painting, coating and adhesives polymers and wanting a slice of emerging eco- growth this must raise M&A possibilities:

Itaconix plc (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used to decarbonize everyday consumer products, today announces the commercial product launch of BIO*Asterix®, a new line of plant-based functional building blocks for polymeric binders used in paints, coatings, and adhesives.

The BIO*Asterix products are specialty derivatives of itaconic acid that can fully or partially replace fossil-based acrylate, methacrylate, or styrene monomers in a wide range of resins and composites. The initial BIO*Asterix offering consists of three products, including one new patented monomer, which are positioned as safer and more sustainable alternatives in the $2.6b market for butyl acrylates in Europe and North America. The Company plans to offer an extensive and comprehensive line of itaconate alternatives by adding additional proprietary and non-proprietary products to the BIO*Asterix catalog in the future.

Excellent - We have EU selling and marketing efforts for ITX by key spec. chem. distributors now:

The guy pushing functional benefits and sustainable advantages of ITX ingredients in German speaking countries is a senior sales manager at : Biesterfeld SE is the holding company of the Biesterfeld Group, one of the international leading distribution and service companies in the field of plastics, rubber and specialty chemicals. Founded in 1906 in Hamburg, Germany, today the group has more than 1100 employees across more than 50 locations in Europe, South America, Asia and Africa and generates an annual revenue of 1.38 billion EUR (FY 2023). The fully family-owned company focuses on specialized market know-how, application-based technical advice and services and offers comprehensive product portfolios across numerous industries in the business units Standard Polymers, Engineered Polymers, Performance Polymers, Rubber, HealthCare, Industrial and Consumer .

Excellent the technical historical SP dynamics (and stars aligning again), finally waking up to ITX being a well oversold asset given its fundamentals as at mid year 2025. Its taken quite a while to notice this, especially given clear as day CFO narratives on H1 hectic trading.

Indeed very interesting AJP great find my friend! Maybe China will push ahead quickly in importing ITX ingredients to balance the trade with USA; amusingly using there own raw materials with value added. We knew ITX were going global into Asia/Australia etc so this is further evidence.

I do hope everyone realises that should H1 2025 turnover be anywhere in the range of c.$4.5m-$5.0m+, this massively de-risks the delivery of c.$10m for the full calendar year. To place this in context, this would be the highest ITX revenue ever replacing 2023 ($7.86m T/O, before we ejected that major revenue generator/low profit customer). This would be an amazing outcome for ITX with c.20-28% growth over 2023; so we have replaced that prior key account and grown the business at least 10% per year at a higher Gross Profit margin. @Smart - Not sure you thought of that outcome given your great pessimism in 2024 Q1 at the time but if John can pull it off will be a fab result and to drive us much closer to breakeven.