RE: Auto20 Mar 2018 10:38
I get the impression that the MOU with the N.American tier 1auto components company is no longer in force. The MOU was extended 15/02/16 and yet not a mention in the ye 2016 results.
Then we get..
"During FY16, the company expanded its development efforts for automotive applications both in terms of new customers and product"
"in June 2016, the Company announced that it had secured three new orders for evaluation units of large supercapacitor systems. The customers comprise a North American vehicle manufacturer, an Asian Tier-1 OEM and an Asian distributor/OEM".
So we now have a vehicle manufacturer and not a distributor in N America...three customers in total.
" Three large automotive opportunities are under development, including applications for passenger vehicles and heavy vehicles"June 2017
"completion of products for global automotive companies." March 2018
So Automotive products finalised and ready for production...
https://www.cap-xx.com/application/automotive-applications/
This explains prismatic cells will be required and in very large quantities along with thinline products in very large quantities.
March 2017..
" Additional manufacturing initiatives have been identified, aimed at further reducing unit costs and increasing manufacturing capacity, to improve Gross Margin in the shorter term."
March 2018..
" Acquired additional manufacturing equipment to increase production capacity and continued to reduce costs. Commissioning to be completed before the end of the current calendar year"
So i,m thinking that Automotive is getting geared up for early 2019..our partners/jvs/licensees will be capable of producing prismatic cells in large quantities and there will be more than one producer, the end users of our products will be??? (The Automotive world is open to Cap-xx...huge market, best available product)
When you listen to the sharesoc interview AK states that various OEMS approach him for solutions...which is making me believe that Cap-xx is dealing with some kind of consortium.
My thoughts only, sorry its a bit erratic but trying to suss out whats going on with the little snippets of info we get is mind blowing...sure you will all have your own opinions.