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

 

 

 

According to Anoto AB, no further capital demand is demanded the fourthcoming 12 months (reference sourcelink in Swedish here):

Anoto capital

Recently, insider purchases in Anoto AB has been reported:

http://bors.affarsvarlden.se/afvbors.sv/site/stock/stock_detail.page?magic=(cc%20(tsid%2042949)%20(detail%20(tab%20insiders)))

Redeye analyst Viktor Westman comments:

“With the new average cost per share of SEK 3.9 an increase in the share price of over 200 percent is needed in order to reach break-even and it now appears as if Revelsby believes that this is doable. Revelsby’s subscription for 600 000 shares should therefore mean a positive effect on the share at opening on Monday. Together with the purchase of 450 000 shares from Anoto’s chairman in November 11, Revelsby’s move also marks a long-awaited shift in the insider transactions in Anoto.”

Source link:

http://www.redeye.se/analys/today/more-skin-game-anotos-management

CESI is confident that clues are to be found in a number of recent verbal statements by the CEO Stein Revelsby. A few are found in the interview attached below (In Swedish)…

http://www.redeye.se/webcast/intervju-med-anotos-vd-stein-revelsby-pa-smabolagsdagen-2015

…and other interesting written statements are found in the Q3 report (partially) attached in blue font below. Miscellaneous CESI comments are also inserted below (bold blue, red and plain black font).

These statements strongly indicates an improved near future Q4 report. 

“Comments from the CEO

MULTI SURFACE PRECISION PEN INPUT

Revenues in the second quarter were 55 MSEK compared to 27 MSEK in Q3 2015. Gross margin was 37% compared to 65% in Q3 2014. The lower gross margin was due to a combination of lower software sales in the quarter in Enterprise Solutions and larger sales of hardware to our partners in Korea within education. We expect the gross margin to normalize around 50% in the coming quarters. Operating expenses in the quarter were 48 MSEK compared to 35 MSEK in the same quarter last year. As previously announced the higher operating expenses in 2015 are related to product development with HP,Ink., research and testing of new micro dot thin film solutions for large displays and the development of Anoto LiveTM Services. The combined result of these efforts is a broader portfolio of products that we are now preparing to ship in the coming quarters and a back-end infrastructure for the support of partners and resellers. We are about to realize the vision of a universal platform to enable precision pen input on paper, displays and walls, -from small sticky notes to 24 foot size walls as well as small to ultra-large displays. The advantages of having a single pen technology that works on multiple surfaces are many. The ability to combine paper, displays and walls opens for totally new user experiences, more flexibility and creative freedom, as well as better control of content and data. For manufacturers it means lower overall manufacturing costs and synergies between devices but most importantly better pen performance. We expanded the management team in Q3 with the hiring of senior managers within product management, marketing and sales and to get a stronger presence in Los Angeles and the San Francisco Bay area. Key priorities in the quarter was to work on the overall positioning of a broader product portfolio that now includes products and applications for digital signatures and document data capture, solutions for professional collaboration, brainstorming and project management, precision pen input on small and large displays, as well as hybrid solutions for the combination of digital pens, paper and mobile devices. During the quarter we initiated contact with new potential OEM customers and signed up new distributors and resellers in the US, Germany and France. We tested out a range of new large displays and planned for segmentation of the portfolio into application areas; professional collaboration solutions, architects, design and creatives. We finalized the development of Anoto LiveTM Pen 2 Professional and prepared for mass production of 30,000 pens for the delivery to a large financial services company in Japan in Q4. Our increased working capital need was financed through a 40 MSEK private placement of shares in the third quarter and we also closed the acquisition of XMS Penvision, an innovative Swedish software company specializing in digital writing solutions. The acquisition of XMS Penvision gives us a larger portion of the value chain, flexibility in pricing and a product suitable for sale through larger resellers, as well as a highly competent team that complements our own in-house software development.

OUTLOOK

After a long period of negotiations in parallel with product and business development we finally signed a Technology Licensing Agreement with HP, Inc. on November 5 th . We are very excited about this new partnership and believe HP is the ideal partner to help realize our vision about a universal digital writing platform that embraces user cases across all industries. The agreement contains certain exclusivity rights for HP within product segments for Workstations, a product segment where HP has a dominant market share. The exclusivity is subject to certain conditions including a minimum purchase of products from Anoto over a 4 year period. It is difficult to estimate the future revenue deriving from the agreement, but we expect the agreement to have a significant positive impact on Anoto`s business in the coming years. On November 5 th Anoto signed a share purchase agreement to acquire Livescribe Inc., Anoto partner since 2007, with it’s headquarter in the San Francisco Bay area. The purchase price shall be paid in cash and is based upon an enterprise value of 15 MUSD equal to estimated sales for 2015. On closing, which is expected to take place on November 30, Livescribe will be debt free. The acquisition is another step in consolidating the Anoto ecosystem and to realize synergies in hardware and software development, supply chain and operations, as well as to give Anoto access to additional market channels for online sales and retail distribution. We are working on a new range of products to be launched in Livescribe sales channels in 2016.

Livescribe employs 45 full time employees and contractors, and offers the leading personal mobile companion and application to integrate handwriting into mobile devices. Livescribe allows customers to continue using pen and paper to take both structured and unstructured notes yet instantly make them useful with their favorite applications as they digitize in real-time. Based upon a strong order back log with our partners in Korea and China and large publishing companies within education, as well as the enterprise order in Japan and the planned delivery of 29,000 pens to a large financial services company in Japan we expect continued strong revenue growth in Q4. We expect the strong growth to continue in 2016 with the expected commercial launch of products with HP, the commercial launch of large displays, the addition of new distributors and resellers for We-Inspire, partnering with The Foundry as well as the acquisition of Livescribe. We expect gross margin to normalize around 50%

ANOTO ENTERPRISE SOLUTIONS

Anoto Enterprise Solutions focuses on systems, products and services that target businesses, primarily in the field of forms processing, document management and signature capture. The offering is Pen Solutions which includes solutions for creating a form in digital format, digital processing of handwritten forms and automatic generation of a digital version of a document with handwritten signatures and notes. Anoto has an indirect business model and markets its products through partners, such as system integrators, software developers and IT consulting firms, all of which offer customized solutions with Anoto technology to their customers.

Sales within Enterprise Solutions were MSEK 19 in the third quarter, following 18 MSEK in the second quarter, compared to 31 MSEK in the first quarter when we closed the 11 MSEK sales to Wales Ambulance Trust in the UK. We expect a strong Q4 subject to the delivery of the 37 MSEK order to a large financial services customer in Japan in December. The variance in revenues from quarter to quarter reflects the lack of capacity in sales and delivery and our need to strengthen the partner network. The large deals that we have won within Enterprise Solutions in the UK, Germany, Turkey and Japan lately shows clearly the value that we offer to customers and their need for solutions to close the digital transformation gap that exists. With the recent management hires in product management, sales and marketing we are working on positioning Anoto Enterprise Solutions together with the other business areas within Anoto for a better alignment with the IT industry in general and a more focused partner strategy.


A CESI comment: The Swedish Redeye group speculates that the Japanese customer is Japan Post:

“We know that the record deal in Japan of SEK 37 million was due to a procurement and we also know from CEO statements that it was made with one of the world’s largest financial institutions. Hence we would be surprised if the Japan deal was not a deal with Japan Post, one of Japan’s biggest companies and the largest IPO in 2015 (please note that this is pure speculation).”

http://www.redeye.se/analys/today/anoto-ladies-and-gentlemen-fasten-your-seatbelts


[Q3 interim report continued…]

We want to utilize synergies and the increased awareness we get from new partnerships around a single pen for multiple surfaces and applications for enterprise, SMB and consumers to cover all areas of digital writing; digital signatures, data capture, collaboration, design and creative.

Anoto UK: Q3 was dominated by the successful roll out of 1,700 pens across the Welsh Ambulance Service Trust (WAST). This deployment was carried out across a very large geography to very tight timescales and was a testament to the professionalism and dedication of our delivery team in partnership with Welsh Ambulance IT that this was achieved on time and on budget. This has been widely publicised both within Welsh Government and across the broader UK ambulance community.


CESI comments: Further reading are available here:

https://www.linkedin.com/pulse/welsh-ambulance-services-nhs-trust-deploy-anoto-digital-gittens

http://www.anoto.com/investors/corporate-news/?lang=english&messageId=806788


 

Planning for expansion of the Anoto solution within WAST has already started, with Phase 2 and Phase 3 projects being scoped. Introductions to other senior people within other ambulance services is also planned. Outside of Healthcare we are ramping up activity in identifying larger commercial opportunities and have begun promising discussions with larger “eco system” partners such as OpenText and Salesforce.


CESI comments: The Anoto Creative explanation of “the eco system” for the creative industry:


[Q3 interim report continued…]

Japan: In August a large financial services company in Japan granted a contract to Anoto and its consortium partners for the rollout of 29.000 Anoto Live PenTM 2 Pro with digital writing software. Anoto’s part of the contract is 37 MSEK and is planned to be delivered in December of this year. The customer’s sales force will use Anoto digital pen and paper as an integral part of their new insurance policy sales process. The Anoto digital pens, which will be used to fill in medical and personal information as well as the personal signature, are equipped with a camera for recording personal identification of customers for regulatory compliance. By using this solution, the customer will improve internal process handling by eliminating scanning and re-keying of contracts and will minimize paper consumption.

Sweden: partner Phoniro further expanded their market presence in the Swedish home care market with their quarterly commitment.


CESI comments regarding Phoniro. More info here:

http://globenewswire.com/news-release/2014/04/25/629933/0/sv/Phoniros-H%C3%A4lsodagbok-och-Anotos-digitala-skrivteknik-m%C3%B6jligg%C3%B6r-realtids%C3%B6verf%C3%B6ring-av-data-fr%C3%A5n-patientens-hem-till-sjukhuset.html?print=1


[Q3 interim report continued…]

In July Anoto announced the acquisition of XMS Penvision AB. Established in 1996, XMS Penvision is an innovative Swedish software company specializing in digital writing solutions. Its core product Formidable is marketed through a global network of partners who add value to the platform through a consultative approach with customers seeking a business solution. Formidable is the foundation for Anoto Live Forms, an Anoto Enterprise Solutions application for signatures, document and mobile data capture.


CESI comments: Interestingly, as observed in this video…

…HP was previously involved with Penvision (see t= 3.12 min). CESI speculates that the Anoto AB acquisition of XMS Penvision was urged by HP during the HP-Anoto AB negotiations.


[Q3 interim report, Penvision paragraph continued…]

The company has 10 employees and 2014 revenues were 13 MSEK. The acquisition of XMS Penvision gives Anoto a larger portion of the value chain, flexibility in pricing and a product suitable for sale through larger resellers, as well as a highly competent team that complements our own in-house software development.

South Africa: Lewis, expanded the use of digital pens with 1.500 additional users, based on our partner Objectif Lune’s platform Planet Press Capture. Lewis is South Africa’s single largest furniture brand which sells a range of household furniture, electrical appliances and home electronics.


CESI comments: Interestingly,  there also seems to be other ongoing activities within emerging South African educational technology / interactive white board industry…

Founded in 2012, Eduworks has created ground-breaking, classroom-friendly and learner-centric products that will be transforming the lives of Teachers, Students, Schools and Society.

Eduworks was founded with a vision to promote and boost Mathematics and Science in Schools. By keep the need of South African Education system in mind, Eduworks and HCL Learning did the brainstorming for 3 years and came up with solution- “Digischool”.

Eduworks is a highly innovative and technology driven company revolutionizing the education system in South Africa, dedicated to provide best solutions to the Teachers and Learners. The company is designed to boost the education sector that make learning and teaching easier, more fun, and more effective.

Eduworks is utilizing Anoto AB technology

http://www.eduworks.co.za/products/interactive-whiteboard/

and also via Tstudy as the Symphony pen is also based on the Anoto AB grid pattern (see SOLiD edu link under the Kyowon paragraph below):

http://www.eduworks.co.za/symphony/


[Q3 interim report continued…]

India: we signed a new partnership for the education market which will result in pen and license revenue in Q4 for Anoto. Our partner Trata has started to roll-out our technology into the healthcare market and we expect larger volume roll-out in the coming 6 months.

Korea: our partner ISU Systems extended the partnership and have committed to expand their market presence in the Korean B2B market.

TECHNOLOGY LICENSING (OEM SALES)

Customers within Technology Licensing develop and sell products based on our intellectual property, software, and digital pen products. For many years, Anoto has licensed its technologies to providers of interactive classroom solutions as well as learning aids for children. Productivity tools, such as for note-taking and meeting productivity, are also long-established products in our Technology Licensing segment. Recently, Anoto has established two new application areas through partners: voting solutions and digital design automation. Voting solutions are based on our traditional digital paper technology, while digital design automation solutions help animators and designers unleash the creative power of digital writing with interactive touch displays. Net sales during the quarter were MSEK 35, which is MSEK 26 above the same period last year.

HP

After a long period of negotiations in parallel with product and business development we finally signed a Technology Licensing Agreement with HP on November 5 th . The parties have agreed not to disclose product details or product launch dates at this point in time. The agreement contains certain exclusivity rights for HP within product segments for Workstations, a product segment where HP has a global market share of approximately 50%. The exclusivity is subject to a minimum purchase of products from Anoto over a 4 year period and will, if realized, have a significant positive impact on Anoto`s business in the coming years.

Large Format Displays

Together with partner Optika Display, a subsidiary of Stratacache in the US, we announced the Collaborate 65UHD, a 65- inch large format, 4K LCD collaboration device in Q2. The product won the award for Best Personal Workspace for Creatives at InfoComm in Orlando, US among 950 exhibitors and 40,000 professionals from 100 countries. During Q3 Optika Display (www.optikadisplay.com) has been working on the configuration and testing of the product and preparing for commercial roll-out in close cooperation with its partner Avnet, one of the world`s largest distributors of computer products. Collaborate 65UHD combines the most advanced touch glass and active stylus technology available with worldclass 4K LCD technology.


CESI comments: Videos from InfoComm:

.


[Q3 interim report continued…]

In addition to its partnership with Optika Display Anoto expanded its management team in Q3 with the hiring of senior managers within product management, marketing and sales and started to develop a go-to-market strategy including partnerships with ISV’s, distributors and resellers. We expect a large market opportunity to materialize in the coming months when businesses want to replace AV projectors in corporate board rooms, meeting rooms and classrooms with large format displays as well as other initiatives like the introduction of Microsoft Surface Hub. Our initial market focus will be with customers and partners in creative industries and product design that will benefit from having precision pen input on larger surfaces. During Q3 we initiated contact with new partners and evaluated options to broaden the product portfolio with products in size range 40”-55”.

TStudy We delivered 70,000 pens to partner Pen Generations, Inc. in Q3. Pen Generations did not manage to deliver the pens to customer TStudy China within the quarter and therefore Anoto did not book the profit margin on these pens in Q3. The profit margin, 3 MSEK, will be booked when the pens are delivered to the end customer. In July Anoto signed an amendment to the exclusivity agreement with TStudy Cina Co Ltd. The amendment is an extension to the agreement that was signed on August 20, 2013. The exclusive distribution agreement is for 5 years subject to TStudy purchase of a minimum of 2 million pens over the exclusivity period. The exclusivity does not include applications within voting, census and people registration nor products sold by Anoto’s large global OEM partners.


Info about Tstudy here:


[Q3 interim report continued…]

Kyowon

We delivered 30,000 pens to Kyowon via Anoto partners SOLiDEdu, Inc. and Pen Generations, Inc. in Korea in Q3. The application is an interactive multimedia education solution, connecting digital pen, paper workbooks and tablets, which allows for more efficient learning and better individual progress.


 

More CESI info about SOLiDEdu, Inc here:

https://cuttingedgescienceinvest.com/2015/12/13/anotosolidnetboardsymphony/


[Q3 interim report continued…]

We-Inspire New distributors and resellers were engaged in the quarter in Germany, Singapore and Scandinavia. MSD (the company known as Merck & Co. Inc. in the US) expanded their We-Inspire installations to three locations, with Singapore as their latest addition, to previous Czech Republic and US. Our successful collaboration with this multinational corporation resulted in an invitation for Anoto to a large corporate event (Tech Symposium) taking place in Europe (Prague) and US (Branchburg) simultaneously. Key suppliers were invited to show their solutions in the event. MSD staff from all over the world were able to see and try out the We-Inspire solution live in both locations. Sales into higher education continued to grow with expanded use by the California State University system to now include a three projector solution at California State University, Monterey Bay. Together with The Foundry, (www.thefoundry.co.uk), a leading software provider for animation studios, gaming studios, artists, designers and creative professionals Anoto engaged with leading Hollywood studios and went through successful testing during Q3. The solution “FLIX Wall” is combining FLIX, The Foundry’s software for collaborative visual story development with Anoto’s digital tools. The solution was shown for the first time at Siggraph 2015, Los Angeles in August.


CESI comments: More info about the FLIX wall and the Foundry is found here:

Compare the music in this Anoto/Livescribe link…

…with the “HP” music in this link…

Why do the companies play exactly the same song? A coincidence?Nevermind, it´s kind of excellent…


[Q3 interim report continued…]

Livescribe

On November 5 th Anoto signed a share purchase agreement to acquire Livescribe Inc., Anoto partner since 2007, with its headquarter in the San Francisco Bay area. The acquisition is another step in consolidating the Anoto ecosystem and to realize synergies in hardware and software development, supply chain and operations, as well as to give Anoto access to additional market channels for online sales and retail distribution. Livescribe has invested significant amounts in marketing and product development since 2007 and has not yet been profitable. In the last 12 months they have reduced operating expenses and headcount significantly. Anoto considers the timing of the acquisition to be good and the risk related to integrating the business with Anoto to be low. We are working on a new range of products with a significant revenue potential to be launched in Livescribe sales channels in 2016. Livescribe employs 45 full time employees and contractors, and offers the leading personal mobile companion and application to integrate handwriting into mobile devices. Livescribe allows customers to continue using pen and paper to take both structured and unstructured notes yet instantly make them useful with their favorite applications as they digitize in real-time. The product portfolio consists of the Echo Smartpen that is positioned as a PC/Mac companion and has built in audio recording and paper replay functionality and the Livescribe 3 Smartpen that is designed to be a mobile companion for smartphones and tablets. Livescribe has a global footprint and generates approximately one third of its revenue outside of the U.S. Livescribe has partnered with providers of leading note-taking, cloud and collaboration solutions such as Microsoft’s OneNote, Evernote, DropBox and Salesforce to ensure that the notes generated with Livescribe simply and easily integrate with these third-party applications. Some examples of use cases are a feature which if enabled automatically imports users’ written notes into Evernote or OneNote or productivity enhancing features enabling imports into Salesforce. The technology can also “bring written words to life”, enabling phone numbers to be dialed with a pen touch to paper or a written address located on mapping applications. Furthermore, APIs are available to enable development of any type of customized applications to take advantage of Livescribe’s capabilities. The Company goes to market via online retailers, traditional retailers as well as a direct-to-consumer channel. The Company has a strong online presence with Amazon and a retail footprint of approximately 2,000 stores. The retail footprint includes Best Buy, Softbank, Sprint and T-Mobile. Currently Livescribe is compatible with iOS and Android. The LS3 was initially launched only on iOS to leverage Bluetooth LE and capture the high end US user base.


CESI: More info about the Livescribe 3 Smart pen (=LS3)

The LS3 has also topped the charts:

http://www.ebay.com/gds/Top-10-Digital-Pens-/10000000204976240/g.html

http://www.houghlawfirm.com/gadget-review-livescribe-3-smartpen/

http://digital-pen-review.toptenreviews.com/

“The Livescribe 3 Smartpen may look and feel like a standard pen, but it does much more. This digital pen converts your handwritten notes and sketches to digital copies and it even captures audio. The Livescribe 3 is the best digital pen and it will change the way you take notes and will help you get organized. It has an outstanding battery life of 14 hours and includes great apps that complement your smartphone, tablet or computer. Together, these characteristics earn it our Top Ten Reviews Gold Award for best smart pen.”

http://www.lifehack.org/articles/technology/8-reasons-why-livescribe-is-the-best-tool-for-taking-digital-notes.html


[Q3 interim report continued…]

Android compatibility, launched in August 2015, has significantly expanded the Company’s target market and use cases while broadening the appeal across price bands. Historically Anoto has a technology licensing agreement with Livescribe and received a royalty of approximately 6% of Net Sales Value based upon Livescribe sales. Post-acquisition Livescribe will be fully integrated with Anoto Group as a wholly owned subsidiary.” [end of Q3 interim report quote]

Further reading:

A CESI patent compilation:

Infact, HP has already patented Anoto technology, read more…

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

CESI in speculation mode:

https://cuttingedgescienceinvest.com/2015/12/16/anotojust-forms-anotocimanotechfoxconn/

Interesting new Anoto AB thread at the tabletpcreview forum…

“Can you imagine Wacom or N-Trig or Lenovo having the basic human consideration of climbing out of their ivory towers to actually communicate to their users like this in such an unguarded and straight manner? It’s a breath of very fresh air after a years-long diet of silence and spin.”

http://forum.tabletpcreview.com/threads/anoto-optical-stylus-tech.68573/

More interesting quotes from the tabletpcreview forum…

“And yes, there has been lots of backslide in terms of development in areas I would have liked to have seen. eInk is really cool, and I am disappointed that it has been dropped so heavily. I was hoping for full-colour reflective displays with super-fast response times to be available.., around now, actually.

PixelQi was going in the right direction. But it died.

But things are not all that bad. Five years ago, there was Wacom or nothing, and Tablet PCs were stagnating. Now there are a lot of options, more than I would have predicted, with a lot of new ones on the horizon.

I sent an email to Anoto the other day asking them to please consider developing their stylus toward a thinner, less awkward design. (Anoto developed the stylus tech for that huge, 21″ Panasonic Toughpad). They responded quickly and briefly, but were extremely polite and positive regarding my comments. I’ve never heard back in such a way from.., anybody in the industry before.

I’m looking forward to seeing what HP produces with their tech. I think they could be a really exciting new player, and I hope there’s some overlap with my interests as an illustrator.”

http://forum.tabletpcreview.com/threads/thoughts-on-pen-computing-in-2015.68321/

Scalable has OEM and marketing partnerships with many top tier projector brands, component suppliers and integrators.  A partial list of partners showing Scalable’s auto-calibration at InfoComm this year include: Anoto , Da-Lite, NEC, Ricoh, Sony and Vivitek.

http://www.scalabledisplay.com/company/news/scalable-display-technologies-announces-infocomm-participation-eight-partners

THE INTERACTIVE WHITBOARD MARKET

Global Stylus Pen for Interactive Whiteboard Market 2015-2019

Obviously, Anoto AB is active within the interactive whiteboard industry (boards with grid-pattern). Therefore, this recently published forecast is very much embraced by the Anoto share holder:

http://www.prnewswire.com/news-releases/global-stylus-pen-for-interactive-whiteboard-market-2015-2019-300196703.html

Note: Whiteboards are only one of many Anoto AB business areas…

A few examples of providers of Anoto technology:

http://www.eduworks.co.za/products/interactive-whiteboard/

http://www.casio-intl.com/asia-mea/en/projector/whiteboard/ya_w72m/


 

Washington based Tandem Conglomerate:

“Exporting Korean educational systems across the world”

About Tandem Conglomerate:

Tandem Conglomerate is an Information Technology solutions provider with extensive expertise in a wide range of technical domains. From project management to database design and administration to application integration, we have the skills and experience to help your company reach its IT goals.

Our resources are dedicated and highly motivated. We are committed to making your organization or company more successful. With experience in a variety of industries, from telecommunications to government, and wide-ranging technical expertise, we have what it takes to help you get where you want to be

Thus, the Tandem Conglomerate promotes Anoto AB technology:

http://tandemconglomerate.com/tstudy/

http://tandemconglomerate.com/tstudy/symphony

http://tandemconglomerate.com/tstudy/whiteboard


 

Note taking marrying pen with paper.

An interesting blog post by Brian Friedlander highlighting Livescribe and Evernote:

http://assistivetek.blogspot.com/2015/12/note-taking-marrying-pen-paper-with.html?_sm_au_=iPHNkrrsRstqvTF6


 

Healthcare (another single example…)

According to a National Health Interview Survey, 20.6 million American Adults age 18 and older reported experiencing vision loss. Visions loss refers to individuals who reported that they have trouble seeing, even when wearing glasses or contact lenses, as well as to individuals who reported that they are blind or unable to see at all

American Printing House for the Blind (APH) is the world’s largest nonprofit organization creating educational, workplace, and independent living products and services for people who are blind and visually impaired. Recently, the company announced (and is currently providing) a new product: A modified Livescribe/Anoto AB pen…

“NEW! Interactive U.S. Map with Talking Tactile Pen

1-01150-00 — $259.00 + shipping

Optional Item

Stereo Headphones with Ear Cushions and Volume Control
1-18986-01 — $14.50

The Interactive U.S. Map with Talking Tactile Pen is a fun, dynamic learning tool for accessing information about the 50 states!

The Interactive U.S. Map’s combination of tactile, visual, and audio feedback contributes to a versatile learning experience that allows for independent, self-guided study by visually impaired and blind students and adults, as well as by sighted peers.

The Talking Tactile Pen consists of a non-writing stylus, a tactile Power button, an audio jack, and a micro-USB connector (for recharging the pen after long periods of use). The audio content can be heard through the pen’s tiny speaker, however, standard headphones (headphones sold separately) or external speakers can provide better sound quality for the synthetic speech and sound effects.

The pen serves as a personal “tour guide” that gives the reader information about each location visited on the map via multiple layers of audio recordings. The reader is allowed to “drill down” layer by layer via consecutive pen taps to learn about each state.

17 Pen Layers Include: State name; State abbreviation, State capital; Ten largest cities; Surroundings (land & water); Land area, water area, state water percentage; Highest point (elevation); Major rivers; Population estimate; Statehood year; State nickname; State symbols (bird, flower, tree, and song title); State motto; Famous people; Points of interest; Interesting facts; Spelling of state name

Includes

      • Foldable tactile/large print map of the United States
      • Modified Livescribe™ Echo™ Smartpen with audio content, 3.5mm headphone jack, and mini-USB port
      • USB charging cable
      • Storage pouch for pen and charging cable
      • Carrying box to store components
      • Large print instruction booklet
              • Braille instruction booklet – UEB Compliant

Livescribe™ is a trademark of Livescribe Inc. The Talking Tactile Pen is a modified version of the Livescribe Echo™ smartpen.”

CESI expects that additional specific Anoto pen applications within education and healthcare soon will follow. 

Original link here (scroll down a few posts)


End quote:

This blog post could be defined as an update to the first CESI Anoto blog post:

https://cuttingedgescienceinvest.com/2015/07/12/anoto-an-ongoing-historical-milestone-turnaround-in-the-swedish-micro-cap-stock-market/

A serious near future share prediction for a company like Anoto AB is almost impossible. Insiders have recently purchased Anoto AB above 1 SEK and therefore CESI is ridiculously bullish ahead of 2016. And again, according to the recently published Anoto prospectus: Anoto AB claims no further capital demand from share holders in the fourthcoming 12 months.

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.