RE:RE:RE:RE:Benzinga Presentation What life cycle is being enhanced? That of the EV? What is to stop the OEM from replacing a failing battery set with a new version of the same? That would be the least expensive route for the OEM and the consumer.
There are very few batteries in new EVs that will require replacement in 3 to 5 years as most companies are now offering 5 year battery warranties. Aging batteries that warrant replacement will have significant value in the aftermarket as there are technologies that can double the use life of these batteries in storage applications. This makes the swap with like technologies less expensive as well.
Replacing batteries of one chemistry type and set of characteristics with those of another is one that requires serious planning, effort and costs. Therefore, any alternative replacement battery must have a compelling cost advantage.
GMG chose a specific business path to develop its products which include the Graphene Aluminium Batteries. By going public, and with limited working capital they are gambling on the view that they can bring a significant new technology to market efficiently (both time and money) where other new battery tech startups have garnered investment larger than GMG's market capitalization remaind private, under the radar and built out their patent portfolios.
Unfortunately we never get access to those.... Therefore we invest in the GMG's of the world and hope.
GMG doesn't really own much of anything. No IP that they can protect that I can see. There are dozens of companies with Government backing that are working towards manufacturing quality graphene at scale and economically. That cat will be skinned by a number of players.
The Battery IP belongs to the University and while the Agreement reads 20 years, I am also sure there are some pretty serious performance criteria that must be met to maintain the exclusivity.
When/if they get the consumer battery opportunity off the ground then everything changes for me. the IOT opportunity is huge and would seem reachable and manageable. And I certainly won't mind paying an extra buck or two for a stock that has proven upside.
Good luck to you. I hope they get good news soon.