Member Info for Elsol

AJP, yes, some buying likely since we should get a firmer understanding of sales trajectory to c.$10m rev. with 3.5 months to go for full year performance. The probing questions we collectively put forwards may also uncover more intel. on business direction and the meaty dev. projects ITX mentioned. Have a nice weekend all.

Good point FG. They haven't changed it for no reason, probably to be better aligned to market opportunities and new accounts they are collaborating with, including industrial scale manufacturers. All 👍 good.

AJP I will come back soon on Qs

Interesting one AJP, so it's a "mini sheet" laundry cleaning system (bio based) that you throw in with your clothes in the drum instead of children hazardous gel capsules or powder??? Is that your understanding? I did say to Monte there maybe some weird new marketing reformulations going on....so here is possibly one of them.

FYI...For most UK VCTs, cash generation to pay dividends tends to peak around the end of summer or early autumn as some funds have deadlines for dividend announcements and allotments before or at the end of September.

Hi Monte, great one, as always I love the diversity of opinions on this board. I think you're right let's wait until all the glaciers are gone in Europe to see if we get to 4p. I think the 'scalp health' marketing scam is aimed at attractive young women, not bald old men but im happy to give it a go just in case it works. 😄 . We have no idea what John will pull out of his R&D hat next or what brand marketers will invent next is my thinking. That's why this share is so fun right now whilst ots cheap as chips.

Arkham JS certainly won't wait till 2030. His biological clock is ticking and he's laser focused on delivering much sooner is my take so he can enjoy his retirement in real MAGA style comfort! From now (near breakeven) I believe each year this company will morph alot going forwards in unexpected ways.

Love the Chemyunion strategic pivot marketing from glossy and natural 'hair health' commonly observed across of all major hair brands ("me too" messaging) to ' scalp health'; brilliant! Another 'head and shoulders' moment for segment disruption majoring on, say, 30% of customers with concerned hair care issues. Just moving the goal posts with science and simple nature themes to steal market share. 👌

P&G patenting must imply long term stability plus long term functional investment / cost effectiveness in ITX value-added ingredients so happy days ahead.

Hi Wacca - why not erase some longer term investor biases and only think about the last 6-12 months and ITX 's amazing H1 rev. growth performance instead and look forward as if a "new investor" coming in at between 100p to 130p after the oversold SP trough.... Maybe then these prior observations are no longer representative, meaningful or balanced of newco ITX strategy amd execution today . ITX appears to be moving ahead rapidly towards breakeven at higher GMs and $10m rev. in c.4months time . All we need are new investors getting excited again at what's happening today and last 12 months. Definitely we need to submit Half year mgt. questions around what are C suite doing to raise ITX nvestment profile since the chemistry platform looks to be coming on stream as far as I can tell and I've been around for years watching, waiting and investing patiently.

Polite final call for any more burning investor questions before I start to compile them. Pls try to keep them focused, concise and balanced so we get the best insights and perimeter inside knowledge. Thank you very much everyone. I will recirculate final list for comments.

If the mentioned large customer opportunitites are in these two broad sectors there are several major companies in adhesives and paints have clear aspirations and ongoing efforts in eco-friendly, sustainable, and bio-based ingredients across their product lines:

Henkel

Henkel is a leader in sustainability in adhesives and has launched bio-based Loctite engineered wood adhesives that reduce emissions by more than 60%. Their facilities are ISCC PLUS certified, demonstrating use of bio-based and recycled raw materials and strong traceability. Henkel is deeply committed to emission reduction, circularity, and safety in product innovation and has collaborated with others like Dow and Kraton to offer lower carbon footprint adhesive solutions.

Dow

Dow has a sustainability-driven approach, investing in adhesive technologies that reduce carbon footprints and support recyclable packaging. They have partnered with companies like Avery Dennison to develop adhesives facilitating mechanical recycling of packaging. Dow promotes lower emission formulations and greener raw material sourcing, aligning with decarbonization and waste transformation strategies.

3M

3M emphasizes sustainable innovation in adhesives with solventless manufacturing methods that lower greenhouse gas and VOC emissions. Sustainability is integrated into its long-term product and process innovation efforts. The company maintains a multi-decade pollution reduction program called Pollution Prevention Pays (3P), which has prevented millions of tons of pollution. Their focus includes high-performance adhesives with reduced environmental impacts.

Others

H.B. Fuller is also recognized for focusing on sustainability in polyurethane adhesives, emphasizing reducing energy consumption, carbon footprint, and waste through their product innovations.

BASF works on bio-based and low-VOC hot melt adhesives aligning with environmental regulations.

PPG Industries, Sherwin-Williams, and Benjamin Moore are historically large paint and coatings producers; while their sustainability efforts are significant industry-wide, specific details on their green ingredient initiatives would require further exploration.

Overall, Henkel, Dow, and 3M stand out as the most active corporations with clear, defined ambitions and product lines aiming at eco-friendly, sustainable, and bio-based ingredient incorporation across adhesives and related products. They drive collaborative industry efforts to meet rising environmental regulations, consumer demand, and circular economy goals.

Given 3M has taken our product, is this one-of those mentioned? We can only dream today but highly probable it a large US centric corporate like 3M

Yes exactly AJP, awaiting further investor questions on the channel you created but we have quite a few already on record.

Thx AJP, really appreciate your sharp eyes! Keeping all informed on continuing product/brand diversification and supply chain etc.

Sorry about typo using mobile key board. Forgot to mention the takeout exit possibility here at ITX that maybe our very big payday yet to evolve at anytime from now onwards.

I agree. I've also been disappointed with the SP performance, but historical returns are not necessarily that preductive of future returns, especially when you have a rapidly pivoting tech-driven business that looks like its starting to run super hot and not many investors have noticed yet ( under the radar). Also, sometimes we are waiting at a bus stop and nothing comes for ages then three red buses all come at once. 😀 . The company presently looks majorly undervalued so I for one don't want to miss a large re rate for a 5 or 10% return in the next year that maybe is 0% if those other assets are slightly over valued or there is some stock market correction where ITX may have dome immunity given its defensive, diversified source growth characteristics.

Agree. Interesting stuff going on. The brand name Bodewell, I hope this "bodes well" for us shareholders too given the increasing global market activation and awareness of our nest egg.

Very interesting AJP, thx for flagging - so this is a GE appliances new launching US service it looks like. GE is a massive and diverse global business and ITX is in their tablet supply. Fab.

Thx AJP for all your hard efforts to track down all of these global product launches. It is truly amazing how diverse and ubiquitous ITX sodium polyitaconate is becoming globally as an essential functional ingredient in all these high end branded products. Once formulated in, its a great recurring revenue stream that just builds with market share and wider adoption. It's the downstream partners and distributors also driving the selling plus professionally recommending ITX products into consumer FMGC branded channels that's a massive plus. Momentum and traction accelerating now for sure that just drives revenue towards breakeven.

Clearly also would be good to understand the anticipated quantum involved.

Thanks AJP - I will bring all of these great points/questions and others into a concise list before the Sept Mgt presentation. I'm keen to understand which sector(s) the said "large client opportunity" application is in (broadly), whether paints, adhesives, SAPs or elsewhere so I will post a question to hopefully get some further directional clarity. I think we need to ask also about funding alternatives in the event we secure a v. large 2026/27 commercial supply agreement and need another plant (e.g. partner co-equity investment, debt- bank or specialist asset backed loan or institutional raise etc). All the best.