RE: In for the ride29 Jul 2021 16:40
Overview:
Company Operations
Verditek PLC (VDTK) is an international clean technology company that develops, manufactures and sells certified lightweight solar panels. The company’s shares are listed on the Alternative Investment Market (AIM) and the company is currently valued at £10.9 million as of 28th May 2021.
Through its three technology focused subsidiaries, the company is focused on commercialising its solar panel business. With manufacturing based in Lainate Italy, Verditek has developed renewable power solutions for its customers that drive solar energy into applications previously unachievable. For example, the solar panels replace diesel fuel in areas such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing.
In addition to the current solar panels in production, Verditek has partnered with a market leader in graphene technology, Paragraf, and have created the worlds' first Graphene Integrated Photo Voltaic cell. The two firms are working together to engineer the technology for commercialisation.
Product
VDTK’s product is a rectangular panel with up to a maximum of 72 cells per panel. Like traditional solar panels, VDTK’s product traps solar energy through the use of photovoltaic cells made up of many layers of materials, including the essential semi-conductor layer – this last being what converts the sun’s energy to electricity.
Benefits
VDTK’s product shines by being robust, flexible, lightweight and cost-effective:
Lightweight. Weighing just over 2Kg/m2 , VDTK’s product is lighter than a conventional panel by a factor of six, or indeed more – as conventional panels can weigh as much as 40 kilos.
Robust and flexible. The product is both robust and flexible, as a result of both polymer and filament technology which is embedded in the manufacturing process.
Competitively priced. Given the significant advantages above, the selling price for the company’s key product is currently around the €1.3 per Watt mark.
Verditek recently announced that, by using the latest components available, the first generation product has gradually been enhanced to increase the power output from 260 watts per panel to 288 watts and then to 300 watts. This is for a standard sized panel that comprises 60 photovoltaic cells. After several months of research, the company is now embarking on the production of a more technically advanced panel that is expected to produce 350 watts per panel;
Commercial Progress
Recent years have seen the company in the development phase, but since a change in management with the appointment of new CEO Rob Richards on May 7th 2020, Verditek has started to make the most of the opportunities available in a growing market.
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