Dec 16 2017

CESI was shocked to learn that the Serstech AB rocket has returned to planet earth.

Serstech AB was early celebrated for its world class technology and strategy. During this era, CESI was not aware of the company´s existance.

Last year when the gigantic Asian order was press released, a friend bought shares during the Serstech AB rocket launch. CESI was informed about the company but did not have the courage to but shares at the +120 % intraday level, despite the press release of a gigantic order that in fact was larger than the Serstech market cap.

Now for the first time, CESI defined an excellent risk/reward as the planned for Jan 2018 share rights issue at 1.15 SEK surprisingly and suddenly almost match the current share price at 1.27 SEK. Two old shares allows for one new and the offer seems to be valid until Jan 9. Thus CESI will pay an average 1.23 SEK per share ((1.27+1.27+1.15)/3).

Serstech key events

So, CESI entered Serstech AB at the current price level (1.27 SEK) with the plan to fully join the share rights issue. Another less important trigger for this relatively early entry was the following: With great luck, an order from the Swedish Armed Forces could be announced as an investor bate during the share right issue subscribtion time slot. Obviously, for this jackpot scenario, great luck is needed 🙂

About Serstech:

“Serstech’s focus is within identification of explosives, narcotics, hazardous substances and Chemical Warfare Agents. With an easy-to-use solution, serstech is committed to help users identify potentially harmful substances and build chemical knowledge leading to better decisions and actions.

Chemical identification, our products reflect us. Today, Serstech combines spectroscopy techniques with advanced algorithm know-how to bring user friendly chemical identification to customers around the world. Our instrument is robust, compact and handheld.”

Very interestingly, Serstech has also been in focus at Milipol for best cybersecurity solution:

“Milipol in Paris is the world’s leading security event with about 1000 exhibitors, 160 international delegations and 25,000+ visitors. For the first time ever, Milipol has initiated a prize to promote innovation. It will be given to the most innovative entrepreneur providing Cyber Solutions in the Fight against Crime. Today, three of the exhibitors have been nominated and Serstech is proud to be one of them”

Primarily, CESI has browsed through all press releases from Serstech AB and a collection of key events is shared above. Furthermore,  an old blog post was digested:

https://www.redeye.se/arena/posts/serstech-serstech-potentiell-raket

Disclaimer: In Swedish above and below


 

Best Regards, CESI

The author, Cutting Edge Science Invest is a new Serstech share holder. Cutting Edge Science Invest can not guarantee, or take into  accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

What Is thermoplastic polymers and in what ways are Nexam Chemical improving the properties of the materials? One methodology will be described in this blog post.

A multitude of our popular plastics are defined as thermoplastics which means that upon recycling , their molecular properties does not change as the plastic is melted and reused (according to definition and in theory). Examples are PE, PP, PTFE (Teflon), ABS and polyamide (nylon).

A very easily digested full pedagogic description is available here:

https://sciencing.com/thermoplastic-polymer-5552849.html

Another example of a thermoplastic is PET (polyethyleneterephtalate) which is used in composite sandwich constructions and light weight construction materials. The company Armacell is active in this business with sustainability in focus (recycling of PET bottles):

https://local.armacell.com/en/armaform-pet-foam-cores/

CESI has already highlighted that according to the Q2 Nexam Chemical interim report, Armacell will use Nexam proprietary technology in the next generation PET foam:

“The delivery agreement that we signed with Armacell last quarter is about to, with some delay, find its practical form. Armacell will use NEXAMITE® in its ArmaFORM® PET-foam to achieve increased efficiency” Source link. Statement found on page 2.

The explanation to the repeated CESI highlight is the following finding: A new Nexam patent application was published a few days ago (November 22, 2017). The described invention relates to a process for increasing the melt strength of a thermoplastic polyester and to mitigate degradation of the polyester during melting.

The common (?) degradation issues of PET is pedagogically described in this open access article by Venkatachalam et. al.:

“The main degradations that can occur include thermal degradation, oxidative degradation and hydrolytic degradation. Radiation induced or photo degradation leading to free radical reactions and enzymatic catalysed reactions leading to logical degradation are also possible. In addition to these there can be chemical degradation reaction of polyester initiated by specific chemicals like glycol, ammonia or amines or other such reagents. Besides these there can be weathering ageing which could be the combined effect of exposure to temperature, moisture, chemical, UV and visible light and other conditions such as exposure to grease, oil. Polyester can also undergo stress induced degradation reactions when subjected to mechanical stress. The degradation of polyester can lead to several changes in the articles made out of the polymer. These changes include discoloration, chain scissions resulting in reduced molecular weight, formation of acetaldehyde and cross-links or gel formation and fish-eye formation in films.
The thermal and thermo oxidative results in poor processibility and performance
characteristics in the products. Discoloration is due to the formation of various
chromophoric systems following prolonged thermal treatment at elevated temperatures.
This becomes a problem when the optical requirements of the polymer are very high, such as in packaging applications.”

Let´s look at some quotes from the following new Nexam patent application…

EP3246349 PROCESS FOR INCREASING THE MELT STRENGTH OF A THERMOPLASTIC POLYMER

Publication Date:22.11.2017

Applicant: Nexam Chemical AB

Source link here (most easily digested if downloaded)

“However, especially thermoplastic polyesters, but also to some extent aliphatic polyamides, suffer from having a narrow processing window, thereby typically requiring specialized processing equipment. This is related to the melt rheology of thermoplastic polyesters. Thermoplastic polyesters typically have low melt viscosity, low melt strength, and low melt elasticity.”

[CESI: see blue font below for “rheology” explanations]

“[0012] By using PETA, rather than pyromellitic dianhydride (PMDA) commonly used in the art, the melt strength of thermoplastic polyesters could be considerably increased. By use of the same combination, i.e. PET A and a bisoxazoline, also the melt strength of polyamides, e.g. aliphatic polyamides, and thermoplastic polyurethanes, could be improved.

[0013] Further and importantly, the rate of the thermomechanical degradation seen in melt mixing of thermoplastic polyesters was considerably decreased compared to PBO/PMDA-systems, as can be seen from Fig. 1. For applications with longer residence times, such as residence times exceeding 10 minutes, this is a clear advantage, as the thermomechanical degradation is quite rapid for PBO/PMDA-systems. A typical example of an application with longer residence time is extrusion foaming of PET. polyesters was considerably decreased compared to PBO/PMDA-systems, as can be seen from Fig. 1.

CESI:  Nexam specify a large number of polyester polymer substrates and additives:

“According to an embodiment, the thermoplastic polymer is thus a polyester. The polyester is typically an aliphatic polyester or a semi aromatic polyester. The polyester may be selected from the group consisting of polyethylene terephthalate (PET), polybutylene terephthalate (PBT), polytrimethylene terephthalate (PTT), 30 polyglycolic acid (PGA), polylactic acid (PLA), polycaprolactone (PCL), and polyethylene naphthale (PEN). Specifically, the polyester employed may be a semi aromatic polyester. Examples of aliphatic polyesters include polylactic acid (PLA), polyglycolic acid (PGA), polycaprolactone (PCL), polyethylene adipate (PEA), and polyhydroxyalkanoate (PHA), e.g. poly-3-hydroxyvalerate (PHV), poly-4-hydroxybutyrate (P4HB), and poly-3-hydroxy propionate (P3HP). Examples of semi aromatic polyesters include polyethylene terephthalate (PET), polyethylene naphthalate (PEN), polypropylene 35 terephthalate (PPT), polybutylene terephthalate (PBT), and polytrimethylene terephthalate (PTT). Further, the semiaromatic polyester may be a co-polymer of PET, PBT, or PEN.

Thus, also a nucleating agent, such as talc, kaolin, silica gel, orTi02, a flame retardant, such as a halogenated, charforming (like phosphorus-containing) or water-releasing compound, a plasticizer, a lubricant, such as an ester of a fatty acid, an impact modifier, insulation modifier, a pigment, a filler, an antioxidant, a UV-stabilizer and/or a color improver may be added to the thermoplastic polymer and melt mixed therewith.”

Fig 2 visualizes (see graph in link here) that…

At high frequencies> 100 rad/s (i.e. at high shear rate) the differences between the different formulations is relatively small, whereas at low frequencies <1 rad/s (i.e. at low shear rate) the complex viscosity of the PETA-PBO formulation is approximately at least one order of magnitude higher than the comparative examples. Further, the cross-over point, which was determined from the frequency sweep analysis, was significantly lower for Example 1 as compared to the Comparative Examples 1-4. Determination of cross-over point is a method used to evaluate the melt strength (ref J. Frankland, Plastics Technology Online 2013-05-28). Thus, the  melt strength of the PETA-PBO formulation is superior compared to that of the comparative examples. Further, this confirms that pressure in the extruder may be used as a semi-quantitative measure of the melt strength, as the shear rate in the current experiments is about 6 rad/s in the extruder

The claim comprehends a number of polymides: PA6, PA 11, PA 12, PA46, PA41 0, 50 PA66, PA61 0, PA612, PA 1010, PA 1012, and PA 1212.

[CESI: Again, a polyamide is equivalent to nylon: https://en.wikipedia.org/wiki/Nylon]

And interestingly, the following article are stated in the final section of the patent application as a “document considered to be relevant”:

https://www.ptonline.com/articles/additives-multi-purpose-modifiers-pump-up-properties-of-virgin-recycled-plastics

Furthermore, the Armacell patent EP 2 163 577 A1 is exemplified.

In the ptonline link attached above,  a very interesting picture demonstrating the (potential) impact of Nexam technology is found (Nexam treated polymer vs untreated)

About Rheology- the science of deformation and flow of materials

Explanation of the unit rad/s found in the Nexam Chemical melt strength comparison plot:

  • Wikipedia (“shear rate unit” search): The SI unitof measurement for shear rate is s−1, expressed as “reciprocal seconds” or “inverse seconds
  • Wikipedia (“rad/s” search): In physics, the angular velocity of an object is the rate of change of its angular displacementwith respect to time. The SI unit of angular velocity is radians per second.

CESI Conclusion: It´s simply the frequency/velocity of the flow expressed in a more complicated way. Thus, it should directly correlate to the speed of the extrusion (the continuous manufacturing of plastics)

The link below describes fundamentals of Rheology in a pedagogic way: http://www.polydynamics.com/Rheology.pdf

CESI Learnings:

  • The higher the shear rate, the easier it is to force polymers to flow through dies and process equipment.”
  • When a force is acting tangentially on a surface, the corresponding stress is referred to as shear stress. Normal stress (=normal pressure) = when a force is perpendicular to a surface
  • Viscosity = Shear stress / shear rate (= a higher shear rate equals a lower viscosity)
  • Shear rate = Velocity / h (hight in the case of flow through 2 planes)
  • With careful rheological measurements, it is possible to determine whether, or under what conditions, a material will be processable. Blend ratios, or additive quantities necessary to facilitate processing can be determined. Many problems can be avoided by a thorough rheological characterization, before the material is introduced into the extruder hopper
  • With careful rheological measurements, it is possible to determine whether, or under what conditions, a material will be processable. Blend ratios, or additive quantities necessary to facilitate processing can be determined. Many problems can be avoided by a thorough rheological characterization, before the material is introduced into the extruder hopper

CESI rheology conclusion: So, rheology tells us that increased velocity (flow speed) will generally be beneficial for polymer processing up to the point shark skin (surface mattness) and melt fractures occurs as described in the article above.

In this patent application, Nexam demonstrate how melt strength can dramatically be increased even during slower speed (frequences,velocities, rad/s) and slow speed seems crucial for PET foam production and most importantly: The improvement is substantial – a full magnitude at < 1 rad/s (see page 14 here). The X axis unit “rad/s” was explained above (= frequency/ velocity/speed of the extrusion)

Thus, it seems that Nexam has solved/improved the melt strength in the “difficult slow extrusion PET foam case” by adding to Nexam product molecules that in fact result in a synergy effect As the key is to keep a high melt strength for an extended period of time as described here in the Nexam patent application quote:

[0058] Whereas system comprising PMDA or combinations of PMDA and PBO also are effective in reacting with PET to increase the melt strength (measured as increased pressured in the extruder), these systems are prone to quite rapidly cause degradation. For longer residence time, such as the ones typically used in e.g. foaming application, the final melt strength is thus significantly lower (cf. Fig. 1 and Table 4). However, as can be seen from Fig. 1 and Table 4, systems comprising combinations of PETA and PBO, may provide increased melt strength also for longer residence times as the melt strength declines far less rapidly. As can be seen in Fig. 1 for the PMDA, PMDA+PBO and PBO formulations, 20 the pressure reaches its maximum value in < 10 minutes and after that, it decreases with increasing time. For the PETA+PBO, on the other hand, the maximum pressure is obtained after> 10 minutes. Also, for the PETA+PBO formulation the pressure at the end of the experiment is significantly higher than for the comparative examples

The opposite easy case is the following scenario described at page 3 here: http://www.polydynamics.com/Rheology.pdf

“One remarkable property of polymeric liquids is their shear-thinning behavior (also known as pseudo-plastic behavior). If we increase the rate of shearing (i.e., extrude faster through a die), the viscosity becomes smaller [….] This reduction of viscosity is due to molecular alignments and disentanglements of the long polymer chains. As one author said in a recent article: “polymers love shear.” The higher the shear rate, the easier it is to force polymers to flow through dies and process equipment.”

Best regards, CESI

(Not skilled in the art of polymer chemistry but with an ambition to continuously gain learnings…)

The author, Cutting Edge Science Invest, is a Nexam Chemical share holder. Cutting Edge Science Invest can not guarantee, or take into  accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

After a long period of humble and neutral statements, the Nexam Chemical CEO currently sings in major key. With cash ~100 Million SEK, the songs seems trustworthy:

Disclaimer: Presentation in Swedish. See recent interim reports for hard facts. 

 

The recent audiocasts also contain a lot of interesting information:

https://tv.streamfabriken.com/nexam-chemical-q3-2017

https://tv.streamfabriken.com/nexam-chemicals-q2-2017

Not only within its own internal patent portfolio, but also within the public external patent application landscape, Nexam Chemical seems healthy:

Slide1

Despite continued delays from Armacell (commented above)…

02/22/2017

 

…substantial scientific leaps within the research pipeline (with subsequent external funding) has been taken by the CEO Anders Spetz during the year:

05/15/2017

 

This press release is conceptually very interesting as graphene is predicted to become the next industry “wonder material” [Source link]

Furthermore, within the presumable future Nylon business area that…

09/21/2017

 

…vibrates well with the sheer CESI speculation that Nylon crosslinking using Nexam proprietary molecules eventually will be a reality (in industrial scale). Within the Nylon area, BASF is still presumably a Nexam partner due to (CESI speculation again):

  • The patent application previously commented here [Source link]
  • The Statement from Nexam in the original press release announcing the exclusivity agreement termination: “The collaboration will however continue between the parties and test material based on BASF’s polyamide 66 and Nexam Chemical’s additives will be tested in components by e.g. the automotive industry” )

 

Very interestingly, Nexam also attracted interest from the electronics industry:

10/17/2017

Nexam Chemical will early next year start supplying material to a new Japanese customer within the focus area high performance polymers, and thereby opening a new high performance segment – solutions for semiconductors.

The customer, a leading Japanese manufacturer of semiconductor materials, has for a long time collaborated with Nexam Chemical to produce materials that meet the high standards of semiconductor encapsulation materials. Semiconductors are included in the components of most of the electronics we currently have around us, e.g. mobile phones, computers etc. As components become smaller, the demand on heat resistance have increased. Nexam Chemical has materials that fit well for these requests.

”So far we have been focused on high temperature composites in the high performance area. We now have a first customer within semiconductors and we see opportunities for interesting projects together with several players, which in in the long run can lead to business. Initially it is about smaller volumes, but with a potential to develop further. This is a new exciting area where Nexam Chemical’s technology can create value for the material manufacturers” says Anders Spetz CEO at Nexam Chemical.

“The interest from the companies developing semiconductors is mainly based on that Nexam Chemical´s material and products enable curing at lower temperatures. The polymeric materials included in the semiconductors are cured in a later stage of the manufacturing process and therefore needs to be done at a lower temperature so that other parts are undamaged. As the industry moves towards smaller and smaller components, the temperature in the components are often higher during usage. Therefore, temperature-resistant materials like polyimide are needed. However, polyimide must normally be cured at fairly high temperatures, but with the help of NEXIMID®, the temperature can be reduced with up to 100 degrees Celsius. A significant difference” says Masaki Shimada at Kadotoku, Nexam Chemical´s distributor in Japan.

Another proof of principle of valuable product molecules is the announcement that Maverick has placed a first decent size order. Maverick is a producer of high temperature polyimide resins for the aerospace industry

0/26/2017

Nexam Chemical has received an order from Maverick with a value amounting to approximately SEK 5.3 million for NEXIMID®. The order will delivered according to call-off from the customer during 2018.

NEXMID® can be used to manufacture polyimide resin, which is an essential component in temperature resistant composites. Composites containing NEXIMID® is used in environments where extensive material stress and high temperature put extreme requirements on the material. The application area is mainly within advanced aircraft, space and other areas where the performance requirements on the materials are the highest.

“The order from Maverick is a confirmation that our solution add high value and that we have a strong offer within the high performance area. We are happy to see an increase in the order volume, which is promising for the future and we continuously work with the customer to provide new solutions that can generate additional value to their growing business”, says Anders Spetz, CEO.

Most importantly, new evidence that Nexam product molecules are viable is the following important press release. Despite the initial small order, this order should be defined as a proof of concept order:

11/07/2017

Diab, a global leader within core materials for various types of demanding composite constructions has placed its first major order of NEXAMITE®-based masterbatch. The order value amounts to approximately SEK 600 thousand and delivery will take place during the fourth quarter.

 

The launch of high performance PET-foam has started, with NEXAMITE®-technology forming an essential part. The PET-foam contains Nexam Chemical’s property enhancing additive NEXAMITE®, delivered in masterbatch formulation. Using NEXAMITE® in masterbatch formulation simplifies customers production process and secures a consistent product quality in the customers existing production equipment.

“I am very pleased that we now see the results from our development cooperation with Diab. It is a commercial breakthrough order for Nexam Chemical within the area PET-foam and I am convinced that we together with Diab has developed really strong products, relevant for solar and wind energy, automotive and transport solutions, as well as advanced building constructions. We look forward to a continued good cooperation with Diab,” says Anders Spetz, CEO at Nexam Chemical.

Of great importance is the following detail: Nexam is able to deliver already during Q4.

Another milestone that not yet has solidified financial impact is the following announcement:

11/15/2017

Nexam Chemical has received a first order from one of the leaders within high performance PET-foam. The order value amounts to approximately SEK 400 thousand and will be delivered during the fourth quarter.

Nexam Chemical develops and manufacture property enhancing additives under the brand NEXAMITE®. NEXAMITE® is delivered in a pre-blended mix, a so-called masterbatch. Through masterbatch NEXAMITE® can be added to customers’ existing production equipment, which simplifies the production process and ensures a high and stable product quality. This is the third leading company within PET-foam manufacturing that Nexam Chemical deliver masterbatch to.

“It is very pleasing to see that our determined work now start to become fruitful. The customer has tested our products for some time and we have now been trusted in delivering the first volume going directly into their production of high performance PET-foam. We look forward to further deepen our cooperation for increased volumes in the future,” says Anders Spetz, CEO at Nexam Chemical.

Additional CESI blog posts are available here [Source link]. Personally, CESI is most interested in the PE pipe business segment reviewed here [Source link]

CESI has also refreshed his memory by re-reading all previous interim reports. A collection of information defined as interesting is attached below:

Slide2Slide3Slide4Slide5

And worth highlighting is also the namned partner in the recent successful MATPAX project:

11/14/2017

MATPAX, a two year Eurostars/Vinnova funded collaboration project between Nexam Chemical and two European project partners, has been completed according to plan. The aim was to develop new polyamide resins and a new manufacturing process with the goal to address light weight applications within, for example the electronic and automotive industry. Based on the positive results so far, the partners have agreed to further develop the technology.

The main focus of the project was to develop a system solution comprising a tailored resin, with embedded reactive functionality (cross-linkers), and a production process to manufacture crosslinked parts from this resin. The test results displayed significantly enhanced mechanical properties. These results create opportunities for new applications where, for instance product performance could be retained in parts made with less material than existing products – enabling weight reduction.

“The MATPAX-project was successful and the participants are optimistic about this technology. We are developing a new solution with an interesting future and we have gained a lot new knowledge about plastics materials development”, says Dane Momcilovic, CTO.

For more information about the project visit www.vinnova.se (only in Swedish). Nexam Chemical has received half of the project cost as contribution from Vinnova. Total contribution received during the project amounts to approximately SEK 2.4 million.

Partner info:

http://www.emsgrivory.com/en/about-ems-grivory/about-ems-grivory/ems-grivory-at-a-glance/

EMS Grivory product overview:

http://www.emsgrivory.com/en/products-markets/products/product-overview/

Best regards, CESI

The author, Cutting Edge Science Invest, is a Nexam Chemical share holder. Cutting Edge Science Invest can not guarantee, or take into  accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

One of Polyone´s business verticals is “Specialty Engineered Materials”.

Below is a quote from the company´s  homepage (source link)

“A leading provider of specialty polymer formulations, services and solutions for designers, assemblers and processors of thermoplastic materials across a wide variety of markets and end-use applications. Our product portfolio, which we believe to be one of the most diverse in our industry, includes specialty formulated, high-performance polymer materials that are manufactured using thermoplastic resins and elastomers, which are then combined with advanced polymer additives, reinforcement, filler, colorant and /or biomaterial technologies.”

With +7000 associates, the company´s distribution comprehends “more than 3,500 grades of engineering and commodity grade resins, including PolyOne-produced solutions, PolyOne Distribution principally serves the North American and Asian markets. Products are sold to more than 6,000 custom injection molders and extruders who, in turn, convert them into plastic parts that are sold to end-users in a wide range of industries. Representing over 25 major suppliers, PolyOne Distribution offers a broad product portfolio, just-in-time delivery from multiple stocking locations and local technical support. Recent expansion in Central America and Asia has bolstered PolyOne distribution’s ability to serve the specialized needs of customers globally.

In the following work resulting in a patent application which subsequently was published in July 28 2016, Nexam Chemical was stated as the commercial source in “TABLE-US-00002” (see source link below).  

Source link

Application Number: 15024833 Application Date: 24.09.2014
Publication Number: 20160215095 Publication Date: 28.07.2016

Patent application title (US20160215095):

PREPARATION OF IMIDE OLIGOMERS VIA CONCURRENT REACTIVE EXTRUSION

Patent application abstract:

“Reactive extrusion can be used in a continuous, solvent-less preparation of imide oligomers involving two competing reactions among three ingredients, the first reaction between a dianhydride and a diamine and the second reaction between an endcap and the same diamine. The imide oligomer can form a composite via conventional production methods or via formation of a film from imide oligomer re-melted in an extruder before being impregnated into tape or fabric.”

https://patentscope.wipo.int/search/en/detail.jsf?docId=US175460705&recNum=10&maxRec=79&office=&prevFilter=&sortOption=Pub+Date+Desc&queryString=ALL%3A%28Nexam%29&tab=PCTDescription

More interestingly, Polyone seems to be a perfect customer. Why? Well, let´s look at the product portfolio. A bullish CESI believes it might be reasonable that Polyone is “generally interested” to boost internal technology and properties of products where possible.

 

CESI speculative conclusion: Potentially, Polyone might be one of the “later generation” customers. Time will tell.

Best regards, C.E.S.I.

The author, Cutting Edge Science Invest, is a positively biased Nexam Chemical share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

Findings like these makes CESI believe that the positive statements from the CEO Anders Spetz is based on fundamental progress and near future acceleration of turnaround and subsequent revenue. The Q2 report burnrate of approximately 5 MSEK (of total cash ~138 M SEK) was positively explained with “cost associated with stockpiling”.

WO 2017098179 A1
Publication date: June 15, 2017
Reactive compositions made from semi-crystalline amino polyamide prepolymer and unsaturated extender for thermoplastic composite materials

Source link : https://www.google.com/patents/WO2017098179A1?cl=en

Composite materials and, more particularly, composite materials comprising a polymeric matrix impregnated reinforcing fibers are increasingly used in many technical fields, especially in aeronautical applications, aerospace, wind, automobile , rail, marine. These applications mainly require composites with high mechanical performance, especially at high operating temperatures and with structural lightweight parts by weight relative to the metal and recyclable equivalent parts.

“To improve the impregnation of reinforcing fibers in the case of a thermoplastic composite material, reactive compositions precursors of the composite material based on a reactive prepolymer and a coreactive chain extender them have been proposed.
Preparation of polyamide polymer by chain extension with an extender a2)
Of the oligomer 1 above dried and ground is mixed in the solid state with 4- anhydride (methyl ethynyl) phthalic (APME, Mn = 186.2 g / mol) sold under the name ® A32 Nexamite by the company Nexam Chemical anhydride or trimellitic phenyl ethynyl (PETA, Mn = 276.3 g / mol) sold under the name Nexamite A56 ® by the company Nexam Chemical at different molar ratios a2) / NH2. The amounts are calculated so that the mixing weight is equal to 12 g.”

About Arkema:

+19000 employees and total sales roughly in the range of € 7 billion (!)

https://www.arkema.com/en/arkema-group/organization/
https://www.arkema.com/en/investor-relations/financials/key-figures/

 

Best regards, C.E.S.I.

The author, Cutting Edge Science Invest, is a positively biased Nexam Chemical share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

I was exceptionally impressed by Anders Spetz positive presentation of the Nexam Chemical Q2 interim report (Swedish language in audiocast presentation below)

https://tv.streamfabriken.com/nexam-chemicals-q2-2017

A completely new generation of polyethylene pipes in collaboration with one of the world´s largest company (large steps taken during the summer). A large number of customers has now entered qualification processes.

Within polyester foam (PET foam), completely new products have been developed jointly with the largest companies.

Within high performance, the development is also positive. Ongoing collaboration projects within aviation and internal product development have resulted in new products.

In the Q2 report, the CEO Anders Spetz stated that Armacell will in fact use Nexamite in its PET foam! Mr Market has still not reacted. I did.

http://www.nexamchemical.com/Investors/Press-releases/Pressmeddelande/?releaseid=2643669

According to the CEO, the company have managed to achieve the commercialization phase milestone and the company is now preparing for large volume orders (REACH certification and planning for masterbatch scale up). Funding was also recently granted for graphene research (a promising and hyped wonder material of a number of reasons according to industry consensus).

http://www.nexamchemical.com/Investors/Press-releases/Pressmeddelande/?releaseid=2559456

About graphene:

https://www.theguardian.com/science/2013/nov/26/graphene-molecule-potential-wonder-material

In addition, I regained motivation to actively follow events with direct- or indirect connection to the Nexam chemical business and emerging innovation, primarily via the patent domain. This resulted in the following minor hit:
Obviously, the following new patent application commenting Nexamite and the subsequent google search identifying the main applicant Martin Weinberg is of no direct impact for my opinion about Nexam Chemical´s chance to accelerate business. Still, and in waiting mode for the large customer´s ongoing tests, I define the following information as a nice receipt of the Nexam Chemical technology. Martin Weinberg, CEO of Xamax, seems to appreciate Nexamite. Presumably, Xamax is a small existing customer or alternatively a near future small customer.

Company and staff:

https://xamax.com/
https://xamax.com/our-team/

The following patent application was published July 20, 2017 (and Martin is one of two applicants).

[0038] Non-limiting examples of cross-linkers that can be used to form the present cross-linked aliphatic polyamide are commercially available from Nexam Chemical Holding AB, Scheelevagen 19, 223 63 LUND, Sweden. Nexam Chemical currently markets five different cross-linkers for different curing temperatures: NEXIMID® 100 (PEP A; e.g., Phenylethynyl phtalic anhydride), NEXIMID® 200 (EPA; e.g., ethynyl phtalic anhydride), NEXIMID ®300 (PETA; e.g., 5-(3-phenylpropioloyl)isobenzofuran-l ,3-dione), NEXIMID® 400 (EBPA; e.g., 5,5′-(ethyne-l,2-diyl)bis(isobenzofuran-l,3-dione), NEXIMID®500 (MEPA; e.g., 4-methylethynyl phthalic anhydride), and NEXAMITE® PBO (e.g., 1,3-phenylene-bis-oxazoline). NEXIMID® 300 (PETA) and NEXIMID®500 (MEPA) are particularly useful cross-linkers for aliphatic polyamides due to their lower reaction temperatures. NEXAMITE® PBO, which can act as an acid scavenger, can also be used to further stabilize aliphatic polyamide against acid attacks.

Patent application source link

Best regards, C.E.S.I.

The author, Cutting Edge Science Invest, is a positively biased Nexam Chemical share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

Publication date: 11.02.2016

HEWLETT-PACKARD DEVELOPMENT COMPANY, L.P.

(EN) DETERMINING A POSITION OF AN INPUT OBJECT

Data is captured by an image capture device of an input object that has a first retroreflective pattern and a second, different retroreflective pattern on a surface of the input object. A position of the input object in three dimensions is determined based on the received data.”

In the detailed description of the invention, the word Stylus is found exactly 100 times. 

 

HP bic type

100 stylus

The detailed description is found here (source link)

The pictures are found here (source link)

Best regards CESI

Title: CONTROLLING FORMS OF INPUT OF A COMPUTING DEVICE

Applicant: Hewlett-Packard Development company L.P.

“Examples disclosed herein control computing device input. One example includes activating a touchscreen of a computing device and enabling a capacitive touch control of the computing device for user selection as a device input to initiate a device action. The example further includes disabling the capacitive touch control based on a pen event with the touchscreen, wherein the pen event is triggered when a digital pen is to be placed within a predefined distance from the touchscreen.”

 

 

hp pic

 

“In addition to the touchscreen, the display surface of such computing devices may include buttons, for example, as a device input to initiate a device action. As an example, a device may include a home button for returning to the home screen, or a back button for returning to the previous screen illustrated on the device. Examples of buttons disposed on the display surface include, but are not limited to, physical buttons, that get physically depressed when pressed, and buttons with a capacitive touch control, that are capacitively activated due to user touch.

By having multiple forms of input on the display surface of the device (e.g., the touchscreen and the buttons), it is critical that the operation of one form of input does not interfere with the operation of another form of input. For example, while a user interacts with the touchscreen, either using a finger or a digital pen, the user may accidentally touch another form of input, such as the home button (e.g., by the palm or wrist). As a result, the home button controller may mistake unintentional touch as an attempt to return to the home screen. This false trigger on the home button may affect the seamlessness of the user’s work.

Examples disclosed herein provide the ability for disabling or ignoring input from one form of input on the display surface of a computing device while input is being received from another form of input on the display surface. For example, while a digital pen is interacting with the touchscreen of a tablet computer, the buttons disposed on the display surface of the tablet may be disabled, or input from the buttons may be ignored. By disabling or ignoring input from one form of input while input is being received from another form of input, false triggers due to unintentional touch may be avoided.

In one example, a method generally includes activating a touchscreen of a computing device and enabling a capacitive touch control of the computing device for user selection as a device input to initiate a device action. The method includes disabling the capacitive touch control based on a pen event with the touchscreen, wherein the pen event is triggered when a digital pen is to be placed within a predefined distance from the touchscreen.

In another example, a computing device generally includes a touchscreen and a first controller to activate the touchscreen. The computing device includes a capacitive touch control for user selection as a device input to initiate a device action and a second controller electrically connected to the first controller. The second controller is to enable the capacitive touch control for the user selection, and ignore the device input from the capacitive touch control based on a pen event with the touchscreen. The pen event is triggered when a digital pen is to be placed within a predefined distance from the touchscreen.

In yet another example, a computing device, generally includes a non-transitory computer-readable storage medium and a plurality of programming instructions stored in the storage medium. In response to execution of the programming instructions by a processing resource, the computing device is to activate a first form of input of the computing device and enable a second form of input of the computing device for user selection as a device input to initiate a device action. The computing device is to disable the second form of input based on a pen event with the first form of input, wherein the pen event is triggered when a digital pen is to be placed within a predefined distance from the first form of input.”

Read more (reference source link here)

INKWRX™ is the product name and trading name for Destiny Wireless Limited. Founded in 2002, Destiny became a subsidiary of Anoto Group AB in August 2011. The INKWRX™ management team has more than thirty years of experience in mobile communications, telematics and data capture technologies, with an in-depth understanding of how new technology can be deployed for greater business efficiency.

Our commitment to quality throughout our processes is reflected in our ISO 9001 certification which has been held since 2006. We are also IGSOC (Information Governance Statement of Compliance) accredited which means we have met all the NHS network security criteria so we can send data via the secure N3 connection into the NHS.

Destiny Wireless launch major rebrand with new company name

Destiny Wireless, which has been at the forefront of mobile data capture for over twelve years, has recently completed a comprehensive brand review and today launches its new brand identity and website to support its growth as a market leader in digital data capture solutions.

The new brand name for the company is INKWRX™. The INKWRX™ platform, an innovative cloud based data capture platform, allows you to design, manage and publish your own business e- forms which can then be completed using a tablet device or digital pen.

The new website www.inkwrx.com has been designed to communicate with current and prospective clients and to drive sales with channel partners and re-sellers.  The look of the new website has been created through a collaborative approach between the company, their partners and their design agency – Russ James Design. “We wanted the new INKWRX™ website to look refreshed and colourful with a new visual identity which focuses on the product and what it does for organisations” commented Russ James.

The new INKWRX™ platform helps businesses to “Go Paperless or Paper-lite”. Businesses can capture the data they need out in the field  with a tablet device or digital pen and transmit it to head office in real-time, typically cutting down the average processing time from 10 days to under 10 minutes.

Commenting Edward Belgeonne of INKWRX™ said; “we feel that with the launch of our new INKWRX™ platform, coupled with the development of our own INKWRX™ tablet app, now is the right time to re-brand and expand our business via channel partners. The digital data capture market is evolving and we need to evolve with it in order to meet the demands of our customers.”

 

Now, it appears that the marketing of the Destiny / INKWRX / Anoto business is gearing up…

January 15, 2016 (The Anoto pen and the dot pattern form highlighted at t=53 s):

January 15, 2016 (The Anoto pen and the dot pattern form is highlighted at t= 54 s)

January 15, 2016 (The Anoto pen and the dot pattern form is highlighted at t= 51 s)

January 15, 2016 (The Anoto pen and the dot pattern form is highlighted at t= 50 s)

January 11, 2016 More about Destiny Wireless 

Feedback quote:

“Our engineers love the evolution from the digital pen to the tablet; they have requested this for some time and all feel they have got something which has been implemented to assist them in their job. The most important element for us when using the tablet devices is saving time both in the office and in the field.”

Mel Brown, Managing Director at Executive Installations

Read the full executive installation here: http://www.inkwrx.com/user/executive-installations/

Interestingly, in the bottom of the homepage a number of well known companies logos are depicted (e. g. ABB)

http://www.inkwrx.com/

Within the healthcare business segment, Inkwrx has also published an interview with Derbyshire Healthcare (2015):

Potentially, this is the most interesting video in terms of gaining insights in the (destiny / Anoto) digital pen impact and importance (2015):

Obviously, despite the “destiny tag on the pen”, this pen is also based on Anoto technology…

http://www.destinywireless.com.au/how-pen-works

In conclusion, Anoto AB have positioned themselves within a number of pen and screen market segments. The most interesting is potentially Wall based solutions. Recently, the Head of Design at We-Inspire, Jacob Leitner, posted something that could be defined as a teaser for “what´s about to come”. However, this market segment will not be included in this blog post. Stay tuned…

Leitner

(The picture is a hyperlink to the youtube source – Anoto, the power to capture it all)

We-inspire homepage:  https://we-inspire.com/

Best regards, CESI

The author, Cutting Edge Science Invest, is a long term Anoto share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post. Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

 

 

 

 

 

http://www.inkwrx.com/

Yesterday, CESI was delighted to encounter yet another HP patent. You could argue that one patent would be sufficient to prove that HP bets on the Anoto AB technology. Today, it seems like HP has produced two

First patent:

https://cuttingedgescienceinvest.com/2015/07/06/anoto-ab-in-recent-patent-applications-a-cesi-compilation/

Now, yet another patent application has been announced:

hp1 intro

Interestingly, the inventors behind the second patent are the same as in the first patent where Anoto AB was excplicitly stated. Obviously, CESI believes that the new pen generation under the collaboration (most likely containing Anoto technology) simply will be entitled “HP pen X and Y”

First HP patent (source link above):

hp4

New HP patent (announced yesterday):

https://patentscope.wipo.int/search//en/detailPdf.jsf?ia=US2014046885&docIdPdf=id00000032072454&parSeparator1=&name=WO2016010534A+DIFFUSIVE+EMISSIVE+DISPLAY&parSeparator2=&woNum=WO2016010534&prevRecNum=2&nextRecNum=4&recNum=2&queryString=ALL%3A%28dot-pattern%29&office=&sortOption=Pub+Date+Desc&prevFilter=&maxRec=205637

 

hp1

hp2

hp1

hp3

HP dot

The above picture convinced CESI that this patent is totally dedicated towards the Anoto AB technology.

hp5

Conclusion: CESI expects an Anoto AB update very very soon.

 

Best regards, CESI

The author, Cutting Edge Science Invest, is a long term Anoto share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. Discaimer to boss: This blog post was produced during today´s coffe break