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Buzz - battery life in mobile phones is one of the top selling points. Imagine an iPhone or Samsung device with double or triple the battery life. It may cost more but would give a massive marketing advantage.

Neon - yes samples have been sent to the defence industry. This is covered in their January presentation.

Unless they go for the week after the big European conference which would also make sense. Either way I expect this to be a really big progress update and a great opportunity to ask questions. I would prefer to submit my own questions so that they are phrased using my own language. Key points for me will be around new IP, the new dishwasher tablet formulation, the new relationship with Biesterfeld group, whether there have been any merger - acquisition approaches.

Good to see the share price finally moving up today. Presume that the latest round of octopus shares have now been soaked up so the price can resume its upward trajectory.

Great spot AJP. Does this help explain why Itaconix exports to Europe have gone through the roof? It’s the first time I’ve heard of Itaconix having a partnership with Biesterfeld Group who by the way are one of the world’s leading distributors of speciality chemicals. Were you already aware of this partnership?

Fair enough Loot. I don’t agree, but it’s always interesting to hear a contrarian view. With Octopus only selling off their 10% stake slowly I can’t imagine the sudden drop you envisage so I still think it would take some unforeseen event for that occur. I’m surprised you aren’t holding any shares though, as compared to the scenario you outline, there is a much bigger chance of a surprise positive announcement.

Loot re your second post, that sounds like wishful thinking on your behalf. What would be the disaster that occurs for your scenario to unfold?

I can only see positive catalysts this year, which myself and others have described in recent weeks, so I am asking a genuine question. I get the cynicism (we’ve been here before etc) but the results and progress speak for themselves and Itaconix has delivered or exceeded broker forecasts.

Given that sentiment is very positive to Itaconix at present and the majority of us seem to be adding, it strikes me as odd that the share price hasn’t budged from 120p. Based on previous RNS I suspect that Octopus Investments are continuing to gradually unload Itaconix shares onto the market as part of their winding down of funds. Every 5 months they have been selling about 110,000 shares which equates to 1% of all Itaconix shares. Anyone who has done their research knows this is an Octopus Investments issue and no reflection on Itaconix. Just think it’s helpful to understand why the share price is moving up slowly at present. Personally I see this as giving us a prolonged buying opportunity which I welcome as there are only so many funds I can add each month.

Bod, whilst it is true that Itaconix don’t have to report recent developments via RNS, that is not to say there is not a lot happening that they could choose to report on.

Halving the size of a dishwasher tablet from 16g to 8g is significant. Recent patents awarded are significant. Rapidly expanding business is significant.

Perhaps they are just saving all this for the late March update but perhaps there are developments taking place in the background that we are not aware of. The recent article I posted, specifically mentioning Itaconix, is certainly an interesting read.

Thanks AJP. That is massive. I’m beginning to think there is radio silence for a reason. Either they are super busy expanding - new products, new customers, expanding business with existing customers or

- there are merger and acquisition conversations taking place.

I’ve said for a few weeks now that my spidey-senses are tingling that there is something big coming.

Thanks AJP. Wow that is a lot of ingredients to Europe in just 6 months. Do you know if this is raw material or finished goods? I thought they don’t have a plant in Europe, so must be finished goods, but 100 metric tonnes is a lot! European revenue must be booming! 🚀

I saw this yesterday but he writes “let’s catch up” on all his posts. Plenty of reasons to be excited but I think this particular avenue isn’t one of them.

Oh Buzz you do make me chuckle. I hope when the deals come you will be gracious enough to accept you were wrong. I have 100% faith in Ilika’s SSB technology. Why? Because there is no way Cirtec would have risked their reputation going into partnership with Ilika if the product wasn’t of exceptional quality. Remember medical devices for humans have a much higher safety threshold than batteries for cars.

If Itaconix are one of the companies involved in the closed-door meetings referred to below this would explain why there was no big announcement about their technological breakthrough. As soon as I saw the slide highlighting they could halve the size of a dishwasher capsule to 8 grams I knew this was hugely significant. We might just get to the broker’s 325p target a lot quicker than expected!

The heart of the ACI conference, though, was the closed-door meetings where chemical firms, distributors, and consumer product makers hammer out partnerships, supply deals, and marketing strategies. Mergers and acquisitions consultant Bill Breen told C&EN he’s watching a handful of potential transactions take shape in the sector in which chemical makers will buy and sell plants to align their manufacturing assets with the business plans they think will see them through.

Just saying …

BASF market cap 45 Billion Euros (39 Bn GBP).

Itaconix market cap 16 million GBP.

Thats a 2400 x difference in market caps.

Itaconix have the technology in an area BASF have openly said they see an opportunity in. Make your own inferences but I’m buying!

PS - John Shaw said “A great week at the ACI meeting showcasing that better performance and safety can be affordable and sustainable”.

Https://cen.acs.org/business/specialty-chemicals/cleaning-industry-faces-soft-demand/104/web/2026/02

Some key experts from the article:

BASF sees opportunity in enzymes and specialty polymers that make detergents and cleaners more powerful per gram. Consumer confidence is down in many parts of the world, Kurian said, and cleaning products are a budget line many households are willing to cut from. Reducing the amount of surfactant needed to make a product effective can lower costs and environmental footprint at the same time, she said.

Sustainability claims accompanied most product launches at the meeting. In the conference’s Innovation Showcase, four companies presented on biobased polymers, for example. Automatic dish and laundry machine detergents use polymers to combat hard water and soil redeposition. Itaconix CEO John Shaw showed off a dish detergent formulation that uses the firm’s polyitaconic acid both to chelate calcium ions and bind ingredients together in an 8 g tablet, about half the size of existing dish tablets.

The heart of the ACI conference, though, was the closed-door meetings where chemical firms, distributors, and consumer product makers hammer out partnerships, supply deals, and marketing strategies. Mergers and acquisitions consultant Bill Breen told C&EN he’s watching a handful of potential transactions take shape in the sector in which chemical makers will buy and sell plants to align their manufacturing assets with the business plans they think will see them through.

Gotta admit I am surprised we have dropped below the 30p support level. Wonder how low we go before we bounce back. 25p? 20p? All depends on how long we wait for news of a deal(s). If we land a big fish the % share price increase from these levels should be triple figures. Big risk big reward. Love it!

GLA and DYOR

Clearly some impatient selling today. Yes, the late March update and investor meet company session is 5-6 weeks away but what if there is news in-between? One day people will get caught out short-term selling and the chances of that happening increase every day.

Thanks for these product links AJP. ITX is clearly getting its chemistry into hundreds of products on our shelves / on-line. What’s important is that once they become part of product formulations they stay - hence the reoccurring revenue. A very safe business model.

Also good to see the overseas market is alive and well.

Impressive what it does not contain!

Does not contain: PVA, PVOH, 1,4 dioxane, parabens, phthalates, plastic, a big carbon footprint, or animal products of any kind.

Just reflecting how far this company has come. Remember not so long ago when we would go into trading updates worrying whether there would be another working capital raise? The company is now well oiled financially and will achieve free cash flow in 2027. That is a massive achievement for a green tech company these days.

They have done this despite a backward political slide on environmental targets these past couple of years. Politics goes round in circles so I expect a massive surge in environmental legislation to follow in coming years.

Markets are always forward looking and when environmental companies come back in vogue, Itaconix will already be a profitable fast growing company with untouchable patents and leading technology. The future is very bright for Itaconix.

That’s because this website just takes the mid-point of the bid and ask price as the decision point between a sell or a buy. eg if it’s under the mid-point it’s seen as a sell, if it’s above the mid-point it’s seen as a buy.