RE: Grizzly strikes again11 Dec 2025 16:37
Hello Neil,
We did see the piece by Grizzly this morning and will not be commenting on it (as is our policy on all analyst notes, positive and negative). The analyst writing the note is entitled to his opinion and the history of our business and our licensing model is a matter of record.
Interestingly on the same day one of our existing covering analysts upgraded his recommendation on our stock from Sell to Buy. This is based on his view of the power markets and the opportunities for our technology.
Kind regards,
Patrick