STTCOMP CXL TA LONG Calix Limited MC $211m Cash $11.1m (June 2020)
Calix Limited (CXL) has developed a patent-protected, platform technology that produces new materials and processes, targeted at solving some significant global challenges. The core technology platform is a reinvention of the kiln process.
They have 4 current applications of the technology and 3 are highly topical. 1 (in Market) - Waste Water Treatment - Alkalinity and ph Adjustment (safer replacement for Caustic Soda) 2- R&D - CO2 Mitigation in the production of Cement and Lime. They have completed 1 test plant, and are now delivering a large one (LEILAC 2) They have EU funding and partnering with Heidelberg and CEMEX. 3 - Agriculture crop protection (non toxic Foliant mineral fertiliser with no leaf burn)
It has broken out of it's post IPO trading rage, and there is limited Sell side volume.
Hell I love this as a 10 year FA bet, but it looks tasty now with people chasing sustainable solutions and this one could solve existential issues.
