After going through the annual report, it was definitely a good read - especially chairman and directors' report.
Here's a few pulls out quotes:
- "This (LumiMEMS) was the most significant development in the Company’s history and has significantly reduced the risks associated with this project." - Heavily derisked.
- "the Company has potentially developed one of the most influential new technological advancements in recent times" - A world's first, therefore ground breaking?
- "This (customised machine) will enhance our in-house research and product development capabilities." - Cheaper R&D.
- "Alongside developing its commercialisation strategy for the LumiMEMS™ Reader, the Directors will continue to build awareness of the MEMS industry and its unique technology in the Australian market. "
- " All MEMS sensors need a readout system to assess and communicate the data that they measure." - LumiMEMS could become the gold standard, that ALL MEMS sensor will require or sensors could be built around LumiMEMS.
- "existing optical readout systems are only able to operate in laboratories due to their size" - LumiMEMS is portable, smaller and more accurate than what's out there.
- "Some examples include point-of-care diagnostic machines to provide instantaneous bedside patient
diagnosis; devices to measure the presence of dangerous gases in mine shafts, or refineries, homes, trucks, pipelines and cars." - NOT just windscreen wipers as some trolls thinks..
- "Given the technology is not currently available to serve these markets, it is difficult to estimate the market sizes. There is no doubt that they are large. As a result, the Company has commenced the development of first generation systems for potential new end market applications." - No other current tech could address current issues in certain markets, so if LumiMEMS could fix those problems, then bob's your uncle.
- "Panorama Synergy anticipates that its initial first generation systems will be applicable to the mining sector, healthcare and consumer markets. These systems are being developed in a prototype format with a view to being licenced or manufactured as end products." - So instead of the initial mining sector that they announced, it seems like MULTIPLE prototypes are being worked on at the moment.
"At the same time, Panorama Synergy has commenced early discussions with interested parties concerning specific requirements that the LumiMEMS™ reader may enable for the first time. " - Annnnd it has began.
- "LumiMEMS™ Reader provides unparalleled accuracy, sensitivity and flexibility to alternatives available in the market, the Directors believe that the LumiMEMS™ Reader is capable of becoming the new industry standard for MEMS readout systems as the MEMS market continues to develop and move from electrical to optical readout systems. It is analogous in many ways to the shift in telecommunications from electrical (copper) to optical (fibre). " - Same as what I mentioned above.
- "MEMS sensors will be a core component of the rapidly developing “Internet of Things” trend, which sees the evolution of all devices connected to the internet, communicating not just with people, but with each other." - LOTSSS of licensing and revenue?
- "Panorama Synergy has numerous patentsfor its technology across Australia, US and Europe which provides it with commercial exclusivity to 2028 and has filed further patents in respect of its simultaneous stimulation and measurement of MEMS structures. " - PSY has 14 years to make this count.
- " Initial revenues may come from licencing, although sales of complete products that have the LumiMEMS™ reader inside will be a major part of the strategy" - Plans for revenue which is good to see.
IMO PSY's long term future is looking bright.
PSY Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
(20min delay)