Not a lot to report on the presentation as must remember it was basically a presentation for new investors and they are only given 20 minutes to get the information across.
There were the usual descriptions of what nanotechnology is, which, whilst I had an understanding of it, I found it cleared a bit of fog in brain as to what it can do after hearing Geoffs explanation. All the Molecular Velcro analogies and explanations.
The three things that stood out to me were.
1 - The explanation of how the Cook deal came about I found interesting. My interpretation was that it pretty much came out of the blue in as much as it sounded like they approached ADO after hearing about what they do.
2 - There was a lot more talk on the battery side than I was expecting.
Presentation wise there wasn't really anything put forward than we already know, but my impression was that Geoff was quite excited about where this could go. As has been surmised previously they aren't putting much information out there as this is a highly competitive area and they want to have everything nailed down before putting out lots of info.
The big thing that came out of it, which we have seen on this forum is that when they tell people they can increase performance by 6 or 7 times by the addition of their little glue, the reaction is "YEAH RIGHT" but then he went on to explain the credentials of the bloke doing all the testing.
The only downside I could see from it was that they can extend battery life around 100% which is not ideal for manufacturers, which was something I had thought about previously. After Geoff mentioned this I pondered it some more and don't believe it is a great negative. It is great for batteries used in cars and for Solar storage but not ideal for batteries in mobiles and computers. However if you then take in the disposability of phones and the like and ask the question "How many people still use the same mobile four years after purchase? (which is around double the usual battery life) The answer I think is not a lot, after having seen how often my kids upgrade these things.
3 - As mentioned earlier he did talk briefly about the acquisition and it is still on the cards. They are looking at a European company. He did throw in the disclaimer that it had to be cash flow positive to be a goer.
Those were the standouts for me. I didn't have the opportunity to talk with Geoff but even if I had I'm not sure what I would have asked.
Hope all this helps.
ADO Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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