STTCOMP RAN FA LONGRange has created reusable pallets (Re>Pal) as an alternative to the weak and environmentally unsustainable wooden palets used by all large corporations in almost all sectors. Re>Pal pallets are created using 100% recyclable plastic with 'zero waste' (ThermoFusion) and helps large corporations obtain 4 out of the 17 UN Sustainable Development Goals.Fundamentals indicate RAN is in a great position moving forward.Re>Pal pallets are superior to wooden pallets- Reusable. Estimated 10 times more lifespan than wood- Cheaper operating expenses for the corporation medium-long term- The flex of being "environmentally friendly"- The creation of wooden pallets results in an overwhelming amount of deforestation, accounting for almost 40% of timber production in some regions.- In 2019, Re>Pal recycled 5,800 tonnes of plasticRe>Pal is currently testing and trialling with 3 MNC'sRAN have already initiated partnerships with multi-billion dollar corporations such as Coke, Nestle, Unilever and Fonterra. In fact, Nestle Philippines has ordered US$441,440 of Re>Pal pallets throughout 2020, with another order of 5000 Re>Pal pallets today (4/12/20). These are very large corporations that are beginning to notice and work with Range, indicating hugeeee potential to the upside.A high proportion of Range's customers (such as Nestle) are repeat customers, indicating a good degree of client satisfaction. This naturally induces word of mouth. Word of mouth between these mega billion-dollar corporations is certainly a good thing.Other large corporations such as LOREAL Paris, Indofood, and Nutrifood are looking to trial Re>Pal to reduce their environmental waste.Re>Pal pallets have the potential to eliminate millions of dollars spent by large corporations for the disposal of broken wooden pallets and other waste expenses; not only benefiting the corporation financially but also environmentally.Management seems to be great. They are proactive with their marketing and trying to focus on a large market share (global, FMCGs, MNCs). No doubt a difficult task, however, they seem to be managing it well.RAN is in a great position with a solution to a problem that is constantly gaining traction with society and governments (particularly Indonesia) cracking down on environmental unsustainability. With connections already made with many blue-chip companies, its ready to run.My prediction is this will be a genuine solution for many mega-billion dollar corporations with potential for big gains in the long term. DYOR
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