ASX.RLT
This is a great link and highlights how remarkable this invention is.
https://www.channelnewsasia.com/news/singapore/covid19-vaccines-cold-chain-changi-transport-singapore-pfizer-13818808
KEY VACCINES COMPARED
DRY ICE METHOD #1
RLT have claimed their helium cryo-vacc is more cost effective than dry ice. According to Pfizer they last a maximum of 10 days unopened.
ISSUES WITH DRY ICE
- Supply shortages (in some places)
- Restrictions on flights- Multiple handling steps
An airplane can only transport a limited amount of dry ice thus reducing their ability to scale (without more flights). Being able to transport as much weight as the plan can carry which RLT's cryovacc allows offers enormous cost savings.
ENVIROTAINERS METHOD #2The other method used is an electrified container called an Environtainer. They last 100 hours without charged.
ISSUES WITH ENVIRONTAINER- Weighs 1100kg
- Bulky to transport to remote areas
RLT CRYO-VACC METHOD #3
RLT have updated their website showing the benefits of their Cryo-Vacc. It makes you think why are airlines wasting their money on such archaic technology. Then again that's the thing with disruptive technology. It is such a no brainer it makes everything look outdated.
- 30 days constant cool, no power supply needed
- flights can hold 9 times more than dry ice method
- lightweight, easily transported
SIZE OF THE MARKET FOR RLT TO CAPTURE $8.4bn to spent on vaccine rollout over the next 2 years. DHL has estimated that up to 200,000 pallet shippers and 15 million cooling boxes as well as 15,000 flights will be required to deliver vaccines worldwide for the next two years.
This was not in the pipeline but sometimes things come from left of field. This process has highlighted a few things. RLT went from concept to sale of a disruptive never thought of before technology inside of 6 months. From Stefano's back of the paper sketch to selling this to clients in South Africa.
Compare it to the dry ice method or environtainer and it really is a no brainer. It's already cheaper than dry ice. Imagine the benefit to airlines being able to pack 9 times as much on a flight. Fuel is their major expense. What would once take them 9 flights of dry ice takes them 1 with RLT cryo-vacc, let that sink in.
J&J haven't mentioned yet how they plan to distribute the vaccine in South Africa. However there is about 60M people needing the vaccine in all sorts of remote locations. 10 days of dry ice isn't reliable enough. Use RLT cryovacc, you can freight 9 times more per flight and it lasts 3 times longer for the same costs.
In my opinion a lot of the market missed today's news not being labelled price sensitive. The good news is if I'm right and RLT do land material orders next week that will deserve a big fanfare. It's not a stretch to expect by next week a deal with J&J is announced. They only have 3 options to them. Sounds like RLT's cryo-vacc has been purchased to be put through the paces. The big flow on factor is if J&J use it with success in South Africa it it going to get implemented in other countries very quickly.
Have never been more confident in this company.
