RE: Revenue/sales.,1 Aug 2023 10:12
The truth is DW there are many of us (I think you included) that saw the potential of this technology way way too soon. The technology is only now developing into one that will be used by the new hydrogen economy. Let’s face it, 13 or so years ago when we bought into AFC, there was no talk of EV charging, data centre back up(or even as a primary power source), diesel genset replacement, shipping power source etc. The technology back then is nothing to how it is looking now. In hindsight we bought in way too early but I am absolutely convinced that the markets we are moving into (as validated by the UK gov grant, and JVs with the likes of ABB) will deliver us to a multi division company that supplies clean power to a diverse range of use cases and on the opposite side, we’ll also be providing cracker and reformer technology that can deliver clean hydrogen to our own fuel cells or any other fuel cell provider.
Yes, of course I wish we could have seen the benefits of our investment a lot sooner (we could have sold at 80p years ago) but i now feel we have products that customers need to meet the demands of government sustainability goals. The SP is woefully low given the IP and commercial status- the world economy hasn’t helped this, oil industry is fighting against new clean technologies and shorting all have a contributory contribution to our current SP. It WILL change!