Ann: Weebit Nano appoints Eran Briman as VP Marketing & BD, page-497

First 497 Last

Share
Profile

Follow
Dumaguete22

8,030 Posts.

1168

24/09/20

09:38

Post #: 47589165
Share

Originally posted by goolop27: ↑

Pitt Street research report: https://www.pittstreetresearch.com/s/Weebit-Nano-Update-24-September-2020.pdf

"Weebit Nano Ltd (ASX:WBT): Moving forward on multiple fronts

Weebit Nano (ASX:WBT) filed several patents recently to protect the IP of its silicon oxide (SiOx) Resistive Random Access Memory (ReRAM) technology. WBT, along with its research partner Leti, filed a very valuable patent that enables the company to develop an effective programming algorithm to implement multi-level capability in any OxRAM technology.

This patent will enable the implementation of multi-level programming taking into account typical physical shifts of the levels, which is common to ReRAM. After programming ReRAM cells, the ReRAM experiences a slight shift in its resistivity levels due to natural physical phenomena. Weebit's programming algorithm takes this shift into account and thus works with its “true” resistivity level and not the theoretical one. The MLC technology allows more data per unit area, leading to higher memory storage capacity and lower cost.

We believe this patent provides a vital competitive edge to WBT. The other two patents filed relate to reducing the select transistor size, which will enable production of smaller, lower-cost embedded memory modules.

Cashed up for commercialisation

WBT is moving towards ‘productisation’ and has completed the first stage of ‘stabilisation’, which was focused on making the process repeatable and consistent. This stage has improved the maturity of WBT’s technology, increasing cell-to-cell uniformity, leading to higher yields (more good dies (chips) per wafer).

Further, WBT recently completed a A$9.1m capital raise with the potential for another A$19.7m from the exercise of in-the-money options by investors. The funds will assist WBT in simultaneously supporting its growth plans for the embedded and stand-alone memory modules. Management aims to sign commercial agreements by Q2 2021, which we believe will significantly drive investor interest in the stock.

Valuation of A$1.36 per share

WBT has successfully continued its development progress on multiple fronts, such as R&D and pre-production, despite the setbacks of COVID-19. This reaffirms our confidence in management’s ability and the technology’s potential. We continue to expect strong upside potential for this stock and reiterate our intermediate valuation of A$1.36 per share.

Following the recent share price moves, we expect the stock to further re-rate if and when the company succeeds in closing its initial commercial agreements, expected in 1HY21"

Expand

Intermediate valuation of $1.36

On a headline .... Moving forward on multiple fronts

can't get anymore bullish than that

WBT Price at posting: 95.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

AHK

Ark Mines provides strategic update following mining lease submission

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

RCE

Recce progresses testing of gel to treat bacterial skin infections

There are more pages in this discussion • 357 more messages in this thread...

First 497 Last

Add WBT (ASX) to my watchlist

(20min delay)
Last $2.00		Change 0.045(2.31%)		Mkt cap ! $388.9M

Open	High	Low	Value	Volume
$1.97	$2.05	$1.95	$923.3K	459.8K

Buyers (Bids)

No.	Vol.	Price($)
1	42	$2.09

Sellers (Offers)

Price($)	Vol.	No.
$1.80	98	1

View Market Depth

No.	Vol.	Price($)
1	1569	2.040
3	2715	1.985
6	3112	1.980
3	2981	1.975
3	10905	1.970

Price($)	Vol.	No.
1.800	78	1
1.995	181	2
2.000	447	1
2.010	30282	3
2.020	3955	4

Last trade - 15.59pm 09/10/2024 (20 minute delay)

WBT (ASX) Chart

Ann: Weebit Nano appoints Eran Briman as VP Marketing & BD, page-497

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

Ark Mines provides strategic update following mining lease submission

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

Titomic jumps +6% as it incorporates Microsoft Hololens tech

Recce progresses testing of gel to treat bacterial skin infections

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Weebit Nano appoints Eran Briman as VP Marketing & BD, page-497

Top Stories

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

Ark Mines provides strategic update following mining lease submission

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

Titomic jumps +6% as it incorporates Microsoft Hololens tech

Recce progresses testing of gel to treat bacterial skin infections

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News