GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
It’s clearly difficult for the board to communicate in general and have what they communicate accepted when trust has been evidently eroded. I'm sure they send out a release of information with good intentions but they can't cover all the bases for understandable reasons because they don't have the benefit of hindsight. Everything they say is dissected on here by people (no disrespect) who are often grasping at straws - myself included.
So regarding my “building inventory idea” and your response to that, I could just as easily alter your view to align with my own….
you quoted “As previously announced, the Board's expectations were for a first commercial production order prior to the end of 2023 and that the first use of the Group's materials would be for low volume applications during FY24 and FY25.”
'application'
-that definition of 'application' could be interpreted as the materials are being applied into a sensor and the volumes required will be low rather than the application of the sensor itself being produced in low volumes if you get my drift. So I can just as easily believe they do not know where the sensor will end up at this time, or I could just as easily believe your view that they know exactly where it’s going. We could keep this circular Rumsfeld known unknow argument going forever based on nuances and context and still be 100% wrong in our interpretations.
In reality we are just going to have to wait on confirmation; however that arrives.
It’s possible the delays were related to STM still finishing the specific CMOS factory acceptance testing on VD55G1 before placing an order from Nanoco at YE to subsequently enable mass production in March rather than the end product itself being the reason for a delay. Perhaps STM are building a stock inventory to more effectively market to sensors to their 200k customer base and there is not yet one confirmed device using them yet that’s in general release….or perhaps only in beta versions of a device or array.
I’m more and more convinced looking at the timeline that Apple would not be integrating a sensor arriving so late to market unless they had significant confidence it could be delivered on scale and proven. The materials themselves only achieved validation late 23.
If you consider when decisions in Apple were made to finalise the design and components in AVP……no way would they wait on STM to develop a novel SWIR sensor. Too risky. SWIR sensors are not the cornerstone of the AVP.
They must have known the production issues that would constrain sales volume when setting the price. Ergo it’s priced at a point they think they can get to sell the units they can manufacture. Any additional demand will be satisfied later and is a marketing strategy in of itself.
Maxi why would it be over 37p if there was a different management team? Are you saying if they’d said what the settlement would be before they knew then it would effect the share price based on the financial situation and guidance currently which appears to match reality ie small order and possibly marginally profitable in 2025 …..does that justify a mcap of over £120m? I don’t think so.
Agree Kooba re the last slides - QD film....STM are opening up the prospect of use in mobiles under OLED for face recognition and also eye tracking - my hope this all aligns with the production capacity for Runcorn. Whilst we can argue about what the directors know and don't know about the destination of the QD's in the current commercial order, my hope is that they are positioning themselves with purchases now in anticipation for the biggest opportunity in mass roll out in handhelds and I guess wearables wouldn't be far behind......
On the balance of probability it's looking very favourable that the AVP is using STM sensors with Nanoco tech embedded.....but I'll only believe it when I see it confirmed for real. I'm not disputing the AVP has some USP's but that doesn't mean they are using new Nanoco enabled sensors to achieve that.
- TG2D the device room is not what you describe as reason for its build. It's main purpose is to manufacture wafers.... Yes it was mentioned that it could be used for tear downs but you saw the posts on X by Nanoco of the shipment of tooling didn't you?