Yep very inevitable correction today to flush out some of traders , stock was getting too hot. Some nice consolidation at this level is needed now.
Plenty of news flow expected in coming days and weeks.
1. Scale up fabrication of a printable Battery Ink to 1 litre, enough capacity to print over 1000 self- charging battery cells. (Completed Dec 2020, update pending late January.)
"3.7 Volt Battery Pack Milestone:- The company will continue to refine, test and improve the scaled up ink as part of its ongoing development plan. However the next milestone in focus is to fabricate a successful prototype battery pack containing multiple connected self-charging battery cells capable of producing 3.7 Volts from humidity in the air. Work will also occur concurrently on increasing current output at lower humidity levels. The prototype battery pack is expected to be completed in January 2021."Personally i expect this update to be released to the market in the first week of Feb.
2. Test the Nanocube Memory for its potential in flexible, transparent, brain-inspired (neuromorphic) computing. (Further development news pending) "If successfully developed, the concept would serve as a semiconductor industry breakthrough and could potentially change the paradigm of how power, storage and processing are done in modern computing.Work conducted at the University of New South Wales over the past few months has now been completed with early test results trickling in before a larger dataset is published in January next year."
3. Expand on the collaboration with Fortune 100 US Company Honeywell and the WA Department of Justice for Autonomous Security Vehicles.
4. Enter agreements to integrate leading technologies into the AxV autonomous robotics platform.
5. Launch early adopter program (non-corrections) for the Autonomous Security Vehicle.
6. Further, we know the Company is cashed up with $7 Million in the bank and looking for new opportunities...
"The Company previously announced that it in addition to these activities above that it is seeking further acquisitions in Australian innovation. The Australian Federal Government has registered Strategic Elements as a Pooled Development Fund with a mandate to back Australian innovation. The Company generates high risk-high reward ventures from combining teams of leading Australian scientists or innovators. To provide further guidance, the Company is currently focused on opportunities that leverage the enormous increase in the amount of data being created and consumed across government, consumer and business sectors. According to IDC4 “The amount of data created over the next three years will be more than the data created over the past 30 years”. To date no agreement has been entered into and the Company will update the market when appropriate."
The key points to remember with this Company is they have $7 Million cash in the bank and high quality development partners on board including Honeywell Corporation, UNSW and the CSIRO. The potential markets the Company is looking to disrupt with it's breakthrough technologies are also massive. All intellectual property and commercialisation rights remain with SOR.
