Invinity Energy Systems Share Discussion Threads

[marktime1231] 26/2/2024 11:59

This was a good news announcement, confidence that Mistral works and can go in to production (so sell some then), and the unknown financial rescue partner(s) is / are / could be weeks away (still). No need for fund raising to keep the lights on.

Does the "other markets" bit about Everdura mean that Mistral will be manufactured in Taiwan, or just those orders for the local market ... why would you set up expensive production tooling in other locations unless there are sound economic reasons. What does the "Strategic" label mean? While there must be an economic and political case for assembly and commissioning services through the facilities in Canada and Scotland, primary manufacture in what is probably the most efficient place in the world sounds like a good strategy to me.

[yump] 26/2/2024 09:29

I wonder who started this thread in December 22 ?

Oh look at what was said in the header - not that long ago really 2 years !

“ Invinity seems to be gaining traction of late with sales occurring including into new markets with large potential future orders.

Cash is still tight and negative cash flow, but it's a relatively new company in terms of its commercialisation.

This could be a couple of years from cash flow positive and the business seems to be up front capital intensive, however, this is against a current market cap. of circa 50m. Downside is kinda priced in here and has been for some time. 50m market cap vs. multi billion dollar addressable market.

Better taking positions at these levels than at previously 150p and waiting for the recovery.

It does have cash from recent fund raise, it will raise again, but any raise will be against an improving performance, so money isn't going into supporting a dead dog of a business.”

All depends how disappointing your entry price is, doesn’t it ?

[brucie5] 26/2/2024 09:23

Interesting parallel with Cwr, where Taiwanese corporate, in this case, Delta, also came to the rescue after another much heralded relationship failed to deliver. In both cases, good on the Taiwanese. Agree with easier poster that it might be worth seeing the terms of the strategic partner when they declare themselves.

[yump] 26/2/2024 09:20

Lloyds recent results included the phrase: “Our strategy is purpose-driven”;. Thank goodness for that.

That deserves the next level up from grammar fascism !

[boadicea] 26/2/2024 09:11

(hamidahamid) "... technology is validated with minstrel JV with Siemens..."
Yes, sure is a sweet song.

(Predictive text, I assume.)

Oh, and Grist is grain that has been separated from its chaff in preparation for grinding. (Wikipedia)
... or figuratively, substance, as in 'grist to the mill'..

[megaman2] 26/2/2024 09:10

Grist on its own means grain ...

There is the saying grist in the mill..

But without the in the mill bit it means grain...😂

If you are going to try to use a saying include more than 1 word .the board is not a cryptic crossword .

[megaman2] 26/2/2024 09:02

Yes they explained the rns by repeating it ...
Genius...

I'm more inclined to think the numpties and there are many saw the word "strategic" and shot their bolt confusing it with what is meant to play out in the coming weeks...

[owenski] 26/2/2024 09:01

Not a true rise as price is marked up at open, which will mug the PI punters.

Encouraging update though, but it also suggests behind the scenes that V3 sales have died a death whilst waiting for Mistral launch - this was suspected.

Looks like Mistral has been validated and all production tooling now completed, in effect they're getting ready to switch the conveyor belt on.

Still need to get their funding sorted - which is likely to be dilutive, any partner is gonna want a chunk of the equity in return for their cash, all that's happening is they're doing a fund raise without recourse to the annoying markets. Still, they estimate news on this in about a month or so.

No real real details on the 'expected' forthcoming sales update, size of deal etc.

Another step in the right direction though, but, it's likely this wont be profitable for some time - maybe a year or two - and there's still unknowns on basic financials like margin.

No rush to buy in here.

[yump] 26/2/2024 08:49

“Tridential221; someone swallowed a dictionary ?

Or should I say “ ingurgitated”

[hamidahamida] 26/2/2024 08:26

Definitely could turnout to be a monster in energy storage, technology is validated with minstrel JV with Siemens, personally I'm going to wait till partner is announced and funding is sorted

[megaman2] 26/2/2024 08:21

What's grist ??

[megaman2] 26/2/2024 08:16

Yes on lse they are misreporting what was said on the vsa podcast ...Andrew monk talks about concerns of a discounted placement all he confirms is that he hasn't been anywhere near a retail investor ..

So they jump to the daft ramping conclusion of no dilution ....

There is a guy harchris who is like Walter Mitty with a history of nonsense posts on other stocks.

I'm sure monk is not including a strategic investor in the retail investor cohort and to claim he said no dilution is just daft ramping ..

Its very hard to see how a strategic investor comes on board without dilution . It's more at what price .

[our haven] 26/2/2024 08:05

Looks like the market love the news. Looking very promising and can this finally be the corner being turned.

[robertspc1] 26/2/2024 08:04

Good to see the Taiwan deal firmed up. Could be a big market and royalty deal is smart. And the other deal discussions continue. Should be a relief rally

[itsriskythat] 26/2/2024 07:50

Perfect lack of news RNS for a placing?

[penrith] 26/2/2024 07:40

Some guy on lse going berserk....

[yump] 26/2/2024 07:37

?? Mistral is a product.

[brucie5] 26/2/2024 07:33

This seems to imply mistral no longer interested?

[megaman2] 26/2/2024 07:28

Re-hash of existing deal..

Strategic partner or partners 4to 6 weeks.

[wheeze] 26/2/2024 07:20

So after a long period of gestation Mistral is finally coming to being. Hopefully see a revaluation now26 February 2024Invinity Energy Systems plc ("Invinity" or the "Company") Strategic Manufacturing Agreement Signed, Successful Mistral Performance Test Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), aleading global manufacturer of utility-grade energy storage, is pleased to announce that it has entered into an agreement with its Taiwanese strategic partner, Everdura, to undertake domestic manufacturing of its next-generation vanadium flow battery ("VFB") product, code-named "Mistral", to serve the Taiwanese and other markets ("the Agreement"). Everdura has been Invinity's reseller since 1 December 2022. Everdura's parent company, Everbrite, made a £2.5m strategic investment into the Company which was announced 22 February 2023. On 14 September 2023, Everdura placed a 14.4 MWh pre-order for Mistral and entered into a MoU which proposed a strategic manufacturing partnership with Invinity which has now been superseded by this Agreement. Under the Agreement, Everdura will manufacture Mistral VFBs to fulfil orders it intends to secure under the terms of the existing reseller agreement which targets more than 255 MWh of product sales over a three-year period. The Agreement states that Everdura will pay Invinity a royalty fee based on a material percentage of the sale price of any Mistral products sold. Everdura will also utilise Invinity's existing supply chain and purchase cell stacks directly from the Company, which will continue to be manufactured by Invinity at its facilities in the UK and Canada. In addition, further to its December 2023 Year-End Business Update, Invinity's product development team has successfully undertaken initial performance testing of the first operating Mistral prototype. The Company is delighted to report that these tests have verified Mistral's fundamental performance targets and operating parameters. This significant development milestone enables Invinity to conclude the development of production tooling, processes and procedures required for manufacturing and delivery of initial Mistral modules and to build towards the planned commercial launch of the product later this year. Separately to the above developments and in line with its 18 December 2023 announcement, the Board is very pleased with the level of interest shown in the Company by a number of potential strategic partners. Discussions with these parties are now at an advanced stage and continue to progress positively. On this basis, the Company estimates that it should be in a position to conclude an agreement with one or more of these partners within approximately four to six weeks.

[owenski] 24/2/2024 11:34

When it comes to cash, finance and 'must have technology' in new markets, SED provides a salutary lesson.

IES needs clarity over funding - which I expect will further dilute PI's -

The UK market seems moribund and backwards over getting their act together with anything these days, and I wonder whether IES is best served by moving the whole operation to one locale, ie US or Canada, including their listing.

AIM market has run its course for tapping up shareholders hence why they're going for partnership funding, so there's no real need for listing on poxy AIM market IMO, and, I don't see why they shouldn't confine manufacturing to one local, either US or Canada and rationalise their cost base, Bathgate is an inheritance from the REDt days but is it really necessary to continue there.

If and when they get clarity on funding and finally launch this Mistral product and then hopefully the order pipeline actually starts selling again, then this could be a time to consider investing, bearing in mind that I suspect even then that profitability will still be a couple of years away.

This remains a long lead time capital intensive business, so not the greatest business model for investment in the first place.

However, still on my watch list.

[megaman2] 21/2/2024 05:25

I suppose the other consideration is that a transformational strategic investor may include manufacturing capability or plan to build a plant with funding we know they have the Canadian plant and the USA accreditation to the far east plant (I forgot the name) but it's odds on they may well manufacture in USA.