For edge computing, iot, ai and smart devices everything needs to be connected. 5g and cbrs will enable this. The new problem will be power. Traditional memories are volatile ( need power) whereas mram is non volatile. All these new applications need power and memory. Arm say there will be 1 trillion connected devices by 2030. If each device consumes 1watt of power then that’s 1 terra watt of consumption. In 2018 the USA’s generational output was 1.2 terra watts. So billions of applications plus arm and spins tech are supposedly market leaders. Spin can supposedly wrap their technology over any other mram device increasing efficiency by 40-70%.
Previously Alm’s fed % was 43% undiluted and 36%fully.(Edison report from December 2019) Alm pump in 50% for series c funding $6.85 mill. Their Fed percentage now goes up to 43.11 undiluted & 36.61 fully diluted. So they paid $6.85 million for 0.61% therefore Fed valued 1.2 billion $
I was at the Egm today and asked about colter. It’s effectively dead. None of the Jv partners have any cash and it’s not economically viable. Even at 60$ oil price. A test hole would need to be drilled and the side track from Wytch farm prohibitively expensive. Nothing will happen with Inner Monray either as Baron simply don’t have the $