Having done some further investigation on Sparc, I am now convinced that this company has a very exciting future - it has 3 technology streams - Marine Coatings, remediation and metals recovery from tailings.
Its quite clear that the Marine Coating, consisting of anti-corrosive and anti-fouling is leading the efforts and is where they are spending probably most of their current work effort. And why not - the global market for these two technologies is well over $USD 7 billion.
And they are clearly making some impressive progress - just look at the 2 figures below from their Dec Qtrly.....73% reduction of corrosion and 19% increase in adhesion.
In a $USD7 Billion market that is some huge potential savings for the industry and a huge opportunity to become a major provider - with their Sth Australia location, in proximity to Aust Govt Defence Dept and defence contractors such as Home | BAE Systems | International and Home | Naval Group (naval-group.com.au) and their unique arrangement with University of Adelaide, this must surely just be a matter of time before this technology is introduced to the market.
A successful pilot application program will capture the attention of the global market.
Some good days ahead I feel......
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