Smartrick's 2021 Watchlist
I will be sharing my list of companies I will be focusing my research as I believe they are poised for a great year in 2021. Much of this report will be based upon speculation and research done by me
Happy New Year and welcome back to another Smartrick’s Picks 2021 Watchlist edition. In today’s report, I will be covering a lot of companies that are doing unique things in either established or new market spaces that investors should not ignore going into 2021. I won’t be diving incredibly deep into these companies but I will be highlighting some of the things that stand out to me. Let’s get it.
In this report, I will be covering the following:
Longs that I’m still long-on
Ideanomics (IDEX)
Foresight Auto LTD (FRSX)
Ely’s Game Technology (ELYS)
The year of the EV and Green Energy
Lucid Motors in 2021?
Lion Electric Bus (NGA Merger)
Nano One Materials Corp (NNOMF)
Net Element/Mullens Tech (NETE Merger)
Disrupting companies in Disruptive Industries
Resonant (RESN)
Diginex LTD. (EQOS)
Energous Corp (WATT)
Atomera (ATOM)
Rekor Systems (REKR)
The Waiting Game
Northwest Bio (NWBO: OTC)
Northern Dynasty (NAK)
OTC Worth Watching
BioSolar (BSRC)
SunHydrogen (HYSR)
Humble Pay (TSNP)
Ionix Technologies (IINX)
ZapGo (COUV)
Solar Integrated Roofing Company (SIRC)
DGS GLOBAL (DSGT)
Worksport (WKSP)
Honorable Mentions
My Charts
My charts have 3 indicators:
1.) ALGO signals based on MA, EMA (overlayed on the chart)
2.) Relative Strength Index (RSI) |
3.) Relative Volume (the static line is REL VOL 2>
Longs I’m still long-on
These first few companies should not be a shock to anyone who read my reports before but let’s revisit them.
Ideanomics (IDEX)
Share Price $2.03 | Market Cap $552.8m | Prior Reports
Surprise, surprise Ideanomics being my number 1 on this list. I will not go into much on this company (link to all prior reports above) as I have covered it a lot in prior Deep Dives and on Twitter. However, I will highlight some of the catalysts investors have to look forward to in 2021.
Potential catalysts for 2021
Medici Motor Works activity
Treelectik IPO
Ares Motor Works announcement
Battery as a Service (BaaS Program)
Municipal vehicle funds opening up in China
Solectrac’s grant application with SIRC
Acquisitions?
Events in Early 2021
1/8-Presentation at FORCE Wealth/Roth Capital EV Symposium
1/15-Presentation at Needham's 23rd Annual Growth Conference
1/15-MEG Sales update (Every 15th of the month)
1/19- Presentation at CleanTech Forum San Francisco
Foresight Auto LTD. (FRSX)
Share Price $3.98 | Market Cap $255.2m | Prior Reports
Foresight has been one of my favorite companies to cover over the past year, as I believe we are just getting into the age of A.I. in everyday living. Investors got an early Christmas surprise as the price rose to over $6 and now is on the radar of many traders. The company just closed a $26m direct offering last week as many anticipate those funds being put to good use.
Foresight’s Business Cycle
A typical sales cycle of the QuadSight vision system consists of the following steps:
●Technological demonstrations – We perform real-time demonstrations of the QuadSight system to offer potential strategic partners the chance to experience the QuadSight system in real-time and gain a better understanding of its outstanding detection capabilities. The demonstrations consist of testing the QuadSight system in different predefined scenarios on the customer’s premises. The scenarios simulate obstacle detection in challenging weather and lighting conditions.
●Purchase of a QuadSight prototype - The QuadSight prototype is an evaluation kit comprised of four cameras, a monitor, and a mini PC. The purpose of this evaluation kit is for customers to test the capabilities and performance of our unique stereoscopic technology. Sales of prototype systems allow us to gain a deeper understanding of the customers’ main requirements.
●Proof of concept (POC) stage - Once a prototype system is tested and evaluated, the customer provides feedback and both parties enter a proof of concept (POC) stage in which QuadSight software is modified to meet the specific requirements of the customer.
●Design win stage – entering an agreement for commercial production with volume ranging in the tens of thousands all the way to hundreds of thousands of units per year over a period of 8-10 years
Currently, FRSX is on step 3 of this cycle in many recent filings and this doesn’t include its subsidiaries Eye-net Mobile or Railvison. Watch for FRSX’s activity especially in Japan (report) and its C-V2X technology. Also, test pilot program in the US with NoTraffic in several cities (see below video)
2020 Significant News
Foresight Received Order for Two Prototype Systems from Multi-Billion-Dollar Chinese Technology Company: Two QuadSight vision system prototypes were ordered in July by the automotive solutions business unit of a multi-billion-dollar global Chinese technology company. The technology company may use Foresight’s technology to improve its autonomous vehicle and safety solutions, and prototype sales could result in future collaboration.
●Rail Vision Signed Commercial Agreement to Supply Shunting Yard Systems to Leading European Train Operator: Rail Vision, an affiliate of Foresight, announced in September that it signed a commercial agreement with an affiliate of Knorr-Bremse AG, a $17 billion Europe-based group. According to the agreement, Knorr-Bremse will supply Rail Vision’s Assisted Remote Shunting (ARS) systems to a leading European train operator. As first announced in April, Rail Vision received an initial order from a leading European train operator for an ARS prototype system and to execute an Operational Functional Test. According to the terms of the agreement, the train operator may choose to purchase 30 ARS systems, and may then exercise the option to purchase an additional 45 ARS systems.
●Eye-Net Mobile Received Patent Approval for Accident Prevention Solution: In late July, Eye-Net Mobile, a wholly-owned subsidiary of Foresight, received a notice of allowance from the U.S. Patent and Trademark Office for its patent application for a “system and method for preventing car accidents and collisions between vehicles and pedestrians.” The patented technology refers to Eye-Net Mobile’s accident prevention system, which predicts collisions between vehicles and pedestrians through a dedicated software application on the mobile devices of pedestrians and vehicle users.
●Eye-Net Mobile Announced Two Pilot Projects with Global Japanese Technology Companies: In August, Eye-Net Mobile announced two pilot projects for its Eye-Net Protect cellular-based V2X (vehicle-to-everything) accident prevention solution. The Eye-Net Protect system will be evaluated by a multi-billion-dollar global Japanese technology company, as well as by a multi-billion-dollar multinational Japanese electronics company. The projects will evaluate the Software Development Kit (SDK) configuration of the Eye-Net Protect solution.
●Foresight Completed Development of Commercial Version of Automatic Calibration Software: In September, Foresight announced the completion of a commercial version of its groundbreaking automatic calibration software. Foresight’s software solution ensures stereoscopic sensors remain calibrated regardless of their position on the car. These calibration capabilities are essential to creating the accurate stereoscopic 3D perception needed for reliable automotive vision systems. Additionally, Foresight submitted two new patent applications related to the multiple-sensor camera system
Partners you should know
FLIR Systems (FLIR)
ELBIT systems
Last Mile (FII)
Continental
Elys Game Technology (ELYS)
Share Price $5.39 | Market Cap $90.53m
In a year with Draftkings and Penn highlighting crazy gains, most investors are overlooking Elys Game Technology. ELYS is an Italian sports betting company that is currently in 12 countries currently expanding into North America. Over the past 3 months, the company has been given a facelift changing its name from Newgioco Group to Elys Game Technology, hiring a new CEO (with a great resume), and most recently becoming the first duel listed interactive gaming and sports betting technology company (NEO exchange)
The company has already posted over 24 m in revenue for the fiscal year 2020. Its award-winning platform is already operating in many countries and is targeting Washington D.C. as its first stop in the US. The company has stated they will attempt to reach all 50 states in the coming years. The only thing this company is missing is a partner from being a legitimate player in the gaming industry in the US.
Let’s look at the competition
ELYS is dwarfed by its competition currently, and the recent SPAC merger of Rush Street interactive (RSI) is a great example of what ELYS could obtain. In my opinion, the last piece of the puzzle for ELYS is to partner with a casino.
The year of the EV and Green Energy
Lucid Motors in 2021?
Lucid Motors is probably the most anticipated electric vehicle company yet to join the public market space. The Silicon Valley manufacture by many analysts, car enthusiasts, and retail traders see Lucid as the closest thing to Tesla when it comes to vehicle performance.
Lucid is backed by the Saudi government’s public investment fund and owns a 50% stake in the manufacture. The investment was made in 2018 for $1 billion to speed up the development and deployment of the production of Lucid’s first commercial launch.
The Performance
Not only does the Lucid boast a very high-end battery but carries a punch of 1080HP which is over 300hp more than Dodge’s Hellcat at 717. Starting at $69,000 the vehicle comes with a high-speed data link for car connectivity not only for smartphone applications like facial recognition for personalized setting for lighting and seat position but an onboard Alexa.
The Air will be standard with level 2 autonomous driving capabilities like an auto park and summoning features similar to competitor Tesla. But the company ensures when Level 3 is ready it can easily be upgraded.
I guess the final question is how will they do it? Will they go the traditional IPO route like Chinese luxury EV Xpeng Motors or will they attempt a SPAC merger? Tickers to watch SVFA and CCIV.
Net Element (NETE) Mullen Technologies Merger
Share Price $12.23 | Market Cap 67.59m
Back in September, I wrote about Net Element and why you should be watching them. NETE signed a letter of Intent (LOI) to merge with Mullen Technologies, a SOCAL EV manufacture that has partnered (rebadging) with Qiantu Motor the manufacture of the K50 super EV car.
The latest 8k filing from NETE on merger status with Mullen Tech
On December 29, 2020, Net Element, Inc., a Delaware corporation (the “Company”), entered into the First Amendment (the “Amendment”) to Agreement and Plan of Merger dated as of August 4, 2020 (the “Merger Agreement”) with Mullen Technologies, Inc., a California corporation (“Mullen”), Mullen Acquisition, Inc., a California corporation and wholly owned subsidiary of the Company (“Merger Sub”).
Prior to the parties’ execution and delivery of the Amendment, Section 8.1(b) of the Merger Agreement provided that the Merger Agreement may be terminated and the merger contemplated in the Merger Agreement (the “Merger”) and other transactions contemplated in the Merger Agreement may be abandoned at any time prior to the merger effective time, notwithstanding any requisite approval and adoption of this Agreement and the transactions contemplated in the Merger Agreement by the shareholders of Mullen and/or the stockholders of the Company, by either Company or Mullen if the merger effective time shall not have occurred on or before December 31, 2020 (the “Outside Date”). Pursuant to the Amendment, the Company, Mullen and Merger Sub amended Section 8.01(b) of the Merger Agreement to extend the Outside Date to March 31, 2021.
In addition, pursuant to the Amendment, the Company, Mullen and Merger Sub agreed that, if the registration statement on Form S-4 (with the merger proxy statement included as part of the prospectus) is not filed with U.S. Securities and Exchange Commission (the “SEC”) on or prior January 15, 2021, then Mullen will pay the Company an agreed sum of $13,333 per day (the “Late Fee”) until the such registration statement (with the merger proxy statement included as part of the prospectus) is filed with the SEC. All accumulated Late Fees will be due and payable by Mullen on the 5th day of each calendar month commencing February 5, 2021 and on the 5th day of each month thereafter until the above-refenced filing has occurred.
Takeaway: They have until Jan 15th to file a merger proxy statement, which will inform investors of the vote to finalize the merger. According to the company, it will happen sometime in Q1.
Proceed with Caution
Although I’m bullish on NETE/Mullen the stipulations of the merger are weird as NETE a former payment processing company isn’t your traditional SPAC. An article that a read back in August gives some good context to this.
The company outlined that based on the close price of the stock on Aug. 18, the estimated share count would be 50 million. In fact, if the stock moved higher, it would remain the same 50 million. That price was $9.26. If the stock drops below that price, then the share count would rise above 50 million with a cap of 75 million.
Takeaway: If the stock price is above 9.26 (now $14.26) the merger will yield 50 million shares. If below it will yield 75 million shares. Weird right? So the evaluation of NETE post-merger could vary not only confusing investors but potentially subject them to as the author state in the article mentioned a “sharp sell-off” Due to this unclear guidance I’ve stayed away.
But the upside
Mullen’s flagship vehicle is the MX05, an SUV that began taking pre-orders this fall and on December 30th received an order for 1500 MX05s to be produced with an additional 8500 vehicles to be ordered by 2025.
"We are excited to begin the build-out of our pilot facility and pre-sales of our MX-05 SUV in October,” Mullen CEO David Michery said in a statement.
“We plan on completing the build-out by April 2021 and to begin assembly of certification prototypes by July 2021”
X-Factor
What is especially interesting about the MX 05 is the battery technology they’re planning on using. It is a solid-state battery that is rated for 1000 km which is far superior to the projects of CATL’s million-mile battery which they’re estimating at 800 km by 2030.
Not only does Mullen have a patent filed in North America and exclusive rights to this technology in the NA markets but they claim they’ll be at full production by 2022. Mullen has stated they plan on using this battery for its EVs but also has a plan to sell the battery to other manufactures across the NA.
Lion Electric (NGA)
Share Price $21.18 | Market Cap $710m
Lion Electric is the newest commercial EV SPAC investors are buzzing about. What separates Lion Electric from the pack is its product development. Lion Electric is light years ahead of competitors like Nikola (but isn’t everyone?) as they already have vehicles on the road in Canada.
Lion Electric is set to go public with SPAC Northern Genesis Acquisition Corp. The company issued an SEC filing last week that showed the company has a deal in place with Amazon. Anything Jeff Bezos is partners with is typically successful he is the richest man in the world you know.
The filing calls for the purchase of up to 2,500 Lion 6 and Lion 8 electric trucks from Lion Electric. Amazon Logistics is listed as the specified customer after being unnamed in previous Northern Genesis filings.
Nano One Materials Corp (NNOMF)
Share Price $4.22 | Market Cap 365m| Investor Slides
Nano One Materials Corp has developed a patented technology for the low-cost production of high-performance lithium-ion battery cathode materials. The processing technology enables lower-cost feedstocks, simplifies production, and advances performance for a wide range of cathodes. Nano One has built a demonstration pilot plant, has partnerships with big auto company Volkswagen, and has a cash runway through 2024. Make sure you check out the investor slides above
Disrupting Companies in Disruptive Industries
One of the biggest factors in my investments and research is finding companies that are doing something that could be the next big thing as society evolves so does technology. Being an early adopter can be a quite controversial thing, however, it can pay big! A great example is Bitcoin and the investment that would’ve been back in 2016 or prior. Most investors would’ve called you crazy but who’s laughing now. Obviously, a lot of these companies will be a start-up that may just not make it but every time you buy you’re taking a risk.
Resonant (RESN)
Share Price $3.11| Market Cap 168m
Resonant Inc (RESN)
Resonant Inc works in the 5G market space and uses its proprietary software ISN® platform which they claim will revolutionize filter design to enable high-performance, low-cost and fast time-to-market. Resonant’s main technology breakthrough is called XBAR® which is plans to license to RFID(Radio Frequency) manufacturers to use in their 5G handset.
Currently Resonant is funding the development of its technology through its Foundry Program and is a debt-free company which is really nice to see in a start-up. The company’s CEO George B. Holmes is a former COO of Energous Corp (WATT) and stated the company is aiming to target 24B in revenue by 2023.
Basically, Resonant’s technology is set to optimize the speed of 5G to its full potential
RESN LD Micro Presentation (Must Watch)
Diginex Limited (EQOS)
Share Price $16.04 | Market Cap $511.90m | Prior Report
Diginex is the first digital asset exchange to be listed on the NASDAQ, and their platform EQOS is currently online to retail and institutional investors across the world. Currently, you can trade coins such as BTC, and ETH on the exchange but the company plans to broaden its offerings as time goes on to other coin based offerings. The company has a large interest in Security Token Offerings (STO) which is still a few years away from being mainstream, especially in the US.
Diginix has heavy ties to both UK and Middle Eastern royal families and has spoken with 15+ countries about creating a digital asset or coin currency for these countries.
As cryptocurrencies, digital currencies, and the demand for Defi commodities systems like BTC and ETH I expect Diginex to continue to grow.
Back in August, I wrote a lengthy report that dives deeper into what the company is trying to become. Link
Energous Corp. (WATT)
Share Price $1.80 | Market Cap $80.18m
In my September watchlist, I briefly talked about Energous Corp. (WATT) which was founded in 2013, IPO’d on NASDAQ in 2014 and set up shop in San Jose, CA shortly thereafter. WATT has received quite a few awards at CES in 2015, including Best of Show in a few categories by Engadget and BGR for their WattUp technology. In 2016 they announced a partnership with semiconductor manufacturer Dialog, who is a fairly large player in the industry.
The company currently is developing its applications for small devices like hearing aids, headphones, and most recently a posture tracker. Its current capability is being able to charge a device from 12 inches from the receiver. I know investors are waiting for WATT to announce its entry into the EV charging space as the company has stated it’s on their ToDo list. I think this technology is too cool to ignore.
Potential Dilution
In July of 2020, the company filed an 8k authorizing 50 million additional shares. Since Energous is still in the development of most of its products and isn’t creating any sort of revenue direct offerings will probably be the method the company will use to raise capital for R&D.
Atomera (ATOM)
Share Price $16.09 | Market Cap 345.21m
Atomera’s Mears Silicon Technology ("MST"), increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap.
This new tool will allow customers to deliver large-scale TCAD simulations to design better experiments and to compare MST to their current processes or other materials under consideration.
Mears Silicon Technology is a patented, quantum-engineered material that can enhance transistors to deliver significantly better performance in today's electronics.
This engineered silicon lattice has unique electrical properties that address several key device engineering challenges the industry currently faces as it seeks to reduce costs and lower power consumption.
Atomera has plenty of interest in this technology with many potential buys are currently in the integration phase. IF Atomera can pull off what they are building it will be a breakthrough in our current capabilities with performance and battery life in our everyday electronics
Bottom Line:
If Atomera can start to implement this technology into our everyday products it will enhance battery life tremendously using its nanotechnology. Which would be a huge disruption to the current semiconductor market.
Rekor Systems (REKR)
Share Price $8.07 | Market Cap $266.10m | Website
Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data. The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions.
Rekor Go
Rekor recently launched Rekor Go, an application that brings the power of accurate vehicle recognition to the mobile devices of a broad array of commercial users. The App requires no cellular service or wi-fi connection.
On-device management – Users can manage alerts directly through the mobile app by entering license plate information directly or uploading a list. Within the application, users can also capture and review images of all reads and export data using native phone capabilities.
On-device storage – Rekor Go stores 30 days of images and metadata, and gives users full and complete access to the data.
Alerts for license plates of interest – Manage alerts directly through the mobile app, entering license plate information or by uploading a list through the application or companion website.
Separately, users can try the mobile app before purchasing by using a ‘playground’ that allows users to capture images of license plates and receive digital feedback, including the alphanumeric plate read.
The $9.99 per month price of the application includes read and image storage on-device for 30 days as well as access to the companion site for simplified hotlist management.
The Waiting Game
Northwest Bio NWBO (OTC)
Share Price $1.63 | Market Cap 1.21B | InvestorHub
“IS TOPLINE DATA HERE YET?” - any NWBO investor
A quick rundown of NWBO
The Company’s lead program is a 331-patient Phase III trial of DCVax®-L for newly diagnosed Glioblastoma multiforme (GBM).
The Company previously conducted a Phase I/II trial with DCVax-L for advanced ovarian cancer together with the University of Pennsylvania.
Dendritic cells are a type of immune cell that helps the body’s immune system recognize and attack foreign invaders or antigens.
When reintroduced into the body, the DCVax®-L dendritic cell vaccine educates the immune system about which antigens to attack.
DCVax®-L is designed to treat all types of operable solid tumors, but the current phase 3 trial is for patients with a newly diagnosed GBM.
Companies other activities
While we have wait for TLD for what feels like months the company has done quite a few things that make me feel personally bullish about the results. The company purchased Flaskworks a manufacturing system for production. The Flaskworks system is designed to enable the scale-up to far greater production volumes. Technicians will oversee the automated systems (potentially multiple systems per the technician) rather than making the products themselves. The system is also expected to significantly reduce production costs.
Acceleration of Phase I buildout of the Sawston, UK manufacturing facility. The project cost of this accelerated construction project, initiated in June of this year, is approximately £3.5 (~$4.6) million. This accelerated effort is being supported by the Company's recent financings and by a special purpose competitive loan of £1.35 (~$1.77)million.
If TLD is positive this could jump but how high?
Northern Dynasty Minerals LTD. (NAK)
Share Price .32 | Market Cap 163.91m
The word “contrarian” coined by one of my favorite investors Charlie Mar is a good way to look at investment in NAK. A contrarian is a person who holds a contrary position, especially a position against the majority. Over the past few months, NAK has been slapped with lawsuit after lawsuit based on the company (and current president) misleading viability of the Pebble Mine.
The lawsuit alleges Northern Dynasty and senior executives misled investors about the viability of the company's proposed Pebble Project, a large mining project in Alaska.
In past quarters, Northern Dynasty repeatedly touted its progress in obtaining the necessary permitting for the Pebble Project. The company and senior management also repeatedly assured investors that the Pebble Project design included a substantially reduced development footprint and meaningful new environmental safeguards and, as a result, would likely receive necessary permits from federal, state and local regulatory agencies.
Investors began to learn the truth through a series of partial disclosures beginning on Aug. 24, 2020, when the U.S. Army announced the Pebble Project would significantly degrade the environment, result in significant adverse effects on the aquatic system or human environment, and as proposed "cannot be permitted." This news sent the price of Northern Dynasty shares crashing lower.
On Sept. 21, 2020, the Environmental Investigation Agency released recordings of conversations between Northern Dynasty senior executives and EIA investigators revealing the company's plans to expand the Pebble Project mine operations from 20 years to 180 - 200 years and to expand it geographically.
Finally, on Nov. 25, 2020, Northern Dynasty announced the U.S. Army Corps. of Engineers rejected its Pebble Project permit application under the Clean Water Act, finding the project "is not in the public interest." This news drove the price of Northern Dynasty lower again.
After reaching a share price of over $2 is the potential still in the Pepple Mine? Which was once coined the largest untapped copper mine in the world (amongst other precious metals) If I decide to invest in NAK It’ll be a long hold as not only will take time to clear up this lawsuit but based on the complaint the in order to drill the company would have to do it in a more green way in order to protect the environment surrounding the area.
OTC worth watching
The Over-the-counter (OTC) market is something I’ve been getting into more and more lately. I tend to find companies that are so small but are doing some exciting things in their respective market spaces. As I said before I like to be an early adopter of new technologies. However, the volatility of the OTC market can be very unpredictable but it is not unusual to see 50-200 gains in one day of trading. But the other side of the coin is that potentially 200% gain could be -50% the next session. So remember to take profits on a swing, have a plan, and if you’re long on a company make sure you do your DD to ensure you have a gem.
See @HEPennypack OTC tips for newbs above (give him a follow too!)
BioSolar, Inc. (BSRC)
Share Price $.o6 | Market Cap $27.42 Million
Battery Segment
BioSolar Inc. is developing technologies to enhance the storage capacity, extend the life of lithium-ion batteries in a more cost-effective manner. Market researchers forecast the battery market in the electric vehicle market to reach $90 billion by 2025.
A lithium-ion battery comprises two major parts, a lithium-filled cathode, and a lithium-receiving anode. BioSolar is developing innovative technologies that will enable the use of silicon (the same material Tesla is focused on) as the anode material to create next-generation high energy and high power lithium-ion batteries for electric vehicles. BioSolar’s silicon alloy anode patent
BioSolar Outlines Its Development Strategy for Breakthrough EV Batteries
BioSolar’s technology program consists of three critical development stages, including:
1. The material design and selection phase that is currently under way.
2. The optimization and improvement of the process to produce Silicon Oxide Composite anode material.
3. The final key stage of achieving product validation with customers, ideally automotive original equipment manufacturers (OEMs).
The Company has faced obstacles and delays, including those experienced by partners and potential customers in evaluating the commercial grade battery prototypes, resulting from the global COVID-19 pandemic. “While BioSolar has been challenged by this economic business environment, our commitment to our battery technology development remains focused,” said Dr. David Lee, CEO of BioSolar. We are making meaningful progress in our R&D efforts that target the extremely high-growth EV sector. We remain confident and appreciate the contributions of our partners and advisory teams as we to continue to advance our technology.”
The company started testing a prototype Silicon Oxide anode in full-cell configuration with NCA (LiNiCoAlO2) cathode in October of this year.
NewHydrogen Inc
NewHydrogen, Inc. is a wholly-owned subsidiary of BioSolar, Inc., NewHydrogen is focused on developing a breakthrough electrolyzer technology to lower the cost of green hydrogen. Hydrogen the most abundant fuel in the universe is a zero-emission energy only by-product is water vapor when used. However, hydrogen currently is not created in a clean matter. The term brown hydrogen often used to describe the current method in creating hydrogen from water. The process uses current fossil fuels to extract hydrogen from water in order to create an energy source.
In order to get green hydrogen (the creation of hydrogen energy with zero emissions), electrolyzers must be used. Electrolyzers are expensive and rely on rare earth materials such as platinum and iridium. These materials account for nearly 50% of the cost of electrolyzers.
NewHydrogen is developing a breakthrough electrolyzer technology to replace rare earth materials with inexpensive earth-abundant materials to help usher in a green hydrogen economy that Goldman Sachs estimated to be worth $12 trillion by 2050.
Founded with the vision of developing breakthrough energy technologies, BioSolar’s previous successes include the world’s first UL approved bio-based back sheet for use in solar panels.
Why I like it
BioSolar is a start-up working on the next generation of green energy sources, with only a $25m market cap I believe this has a lot of room to grow. The company is currently at -$28,570,902 in debt per the company’s 2020 10-Q and will probably have to raise more capital to achieve its goals. If I am investing in BioSolar I am investing in the idea, not the fundamentals.
SunHydrogen (HYSR)
Share Price $.09 | Market Cap 227.89M
SunHydrogen is another startup working on some revolutionary technology in the solar-hydrogen market space. As I mentioned earlier today’s hydrogen is not produced in a completely green manner. But what Sunhydrogen is developing in its technology will produce hydrogen energy in a 100% emission-free manner in a cost-effective product. The company just finished a $9 million direct offering to continue the development of its Gen2 panels and it may be a while until this company actually starts generating revenue.
Overview of SunHydrogen’s Technology
SunHydrogen's technology is comprised of the SunHydrogenH2Generator. The generator housing is the first of its type to safely separate oxygen and hydrogen in the water-splitting process without sacrificing efficiency. The nanoparticle consists of thousands of tiny solar cells that are electrodeposited into one tiny structure to provide the charge that splits the water molecule when the sun excites the electron. The proprietary catalyst developed at the University of Iowa lab is uniformly applied onto the solar cell or nanoparticle and efficiently oxidize water molecule to generate oxygen gas.
Hydrogen Evolution Catalyst - Necessary for collecting electrons to reduce protons for generating hydrogen gas. Coating Technologies - Two major coating technologies were developed to protect the nanoparticles and solar cells from photo corrosion underwater. An inexpensive Fresnel lens concentrator to increase sunlight to equal two suns reduces our necessary footprint for a 1000 KG per day system by 40%. The second generation of their panels will feature a nanoparticle-based technology where billions of autonomous solar cells are electrodeposited onto porous alumina sheets.
The SunHydrogenH2Generator is a self-contained renewable hydrogen production system that requires only sunlight and any source of water. It can be installed almost anywhere to produce hydrogen fuel at or near the point of distribution, for local use. A small-scale system can be used to produce continuous renewable electricity for a small house, or a large scale system can produce hydrogen to power a community. the company believes this model of hydrogen production addresses one of the biggest challenges of using clean hydrogen fuel on a large scale.
Work Sport (WKSP)
Share Price $.14 | Market Cap $33m | Twitter | Website
Worksport's soon to be released TerraVis™ combines a high-quality tonneau cover with an ability to capture rays from the sun to create energy. This energy can be used to power electrical equipment and/or extend the range of electric light-duty trucks.
WorkSport 3 Step Plan for Revenue Growth
STEP ONE: CAPITAL FOR INVENTORY
Sustainable long-term geometric growth will require an infusion of capital. One of the key factors for success and growth is, and will always remain, having a significant amount of inventory of existing our existing products ready to go at all times.
STEP TWO: GROW DEALER NETWORK
As we release their full suite of products, as they actively seeking out new and bigger dealers to carry our products. They state the growth depends on increasing our fill rates and keeping them at high levels going forward. Growing their inventory levels will keep Worksport among the fastest-growing companies.
STEP THREE: COMPLETE TerraVis™ (FKA – Helios)
Worksport will leverage the TerraVis™ system and its position as a tier-one OEM manufacturer to secure future partnerships and distribution of its conventional truck bed tonneau covers.
Also note: the company is very active on social media and advertising it’s product
Humbl Pay (TSNP Merger)
Share Price $.14| Market Cap $702.21m | InvestorHub | Website
With the rise of Bitcoin and other cryptocurrencies lately, it seems the world is headed towards a digital payment system. Although Humbl Pay is NOT A DECENTRALIZE FINANCE (DEFI) like BTC or ETH Humbl is working together with countries all around the globe to create a system where anyone can send a payment method digitally. The forecasted market space of digital assets by 2028 is $13 trillion (World Economic Forum 2018)
The service has been compared to VENMO and CASHAPP with its easy method of sending payment in a peer to peer function. They also are working with governments across the globe setting up with it calls G2P or government to person mobile transfers. Currently, 20% of the world's population relies on direct payments from its governance. Humbl Pay can be the solution to speed up the time it would take to receive that money which would be kinda handy in say a pandemic.
Other features like automatic currency conversion would be a great solution to paying while traveling abroad.
The company is still pre-merger with the holding company Tesoro Enterprises with the merger expected to close in the near future.
Alex Carlson of Insider Finacial has been covering TSNP for a while and has some amazing information that goes more in-depth than what I just stated above. (Link to article by Insider Finacial)
For an even more in-depth look at Humbl Pay, check out the white paper put out by the company here
Carbon Ion Energy Storage Ltd (COUV Merger)
Share Price .$48 | Market Cap $81m
in October 2020, Corporate Universe, Inc. announces they have entered into a Definitive LOI to acquire Carbon Ion Energy Storage Ltd (or Carbon-Ion Energy Storage, Inc, fka ZapGo, a high technology electric battery development company, building the next generation of energy storage devices.
Carbon Ion Energy Storage Ltd has acquired all the assets of ZapGo Ltd, inclusive of over 30 patents and the benefit of $25 million in research and development.
ZapGo Ltd. was once named the most significant innovation in EV by IDTechEx after its awarding-winning Carbon-Ion™ (C-Ion®) technology, was selected as the winner of the IDTechEx Show in Berlin back in 2019.
For the past 50 years, Lithium-Ion batteries have led this epic growth, even though they are challenged by battery life, charging times, heat, and the potential for igniting or exploding.
High specific power allows very fast charging (oftentimes only seconds) through Carbon Ion's "Instant-charge" technology
Mr. Andrew Sispoidis , CEO of Carbon Ion said., "I'm proud to join the world class team at Carbon-Ion. The company's scientific and technical foundation is the strongest I've ever seen. The technology is many years ahead of the industry, is ready for commercialization, and it significantly advances the current state of energy storage by many years. Mr. Sispoidis continued, "Although this is a non-traditional path to enter the capital markets, the process moves quickly, provides immediate capital and will allow shareholders to grow with us. The company will move with laser focus on commercializing their products as well will be moving towards a NASDAQ listing in 2021."
Drone Delivery Canada (TAKOF)
Share Price $.068 | Market Cap $133m
Drone Delivery Canada Corp. is a publicly-traded, disruptive, pioneering, technology company. The Company’s patented, fully-integrated hardware/software platform is used as a managed service in a SaaS business model. Drone Delivery Canada is fully commercialized, operational, and revenue-generating, with robust sales, funnel of global prospects.
Solar Integrated Roofing Company (SIRC)
Share Price $.275 Market Cap $33.69M
Solar Integrated Roofing Company (SIRC) is another small-cap solar company that is on my radar after they signed an agreement with a USTDA grant applicant Solectrac to provide solar panels, electric storage, and other power devices. The grant is for $500 million and should be awarded in 2021.
On December 16th SIRC reported record revenue in the third quarter of fiscal 2021 which represents over 130% year-over-year growth from $2.3 million in the third quarter of fiscal 2020, driven by continued operational execution and cross-selling synergies across the Company's core business lines.
Goldman Sacs Small Cap Research on SIRC
Summary:
Solar Integrated Roofing Corp. (OTCPK - SIRC) is an emerging single-source solar power and roofing systems installation company. Following a series of acquisitions in its core Southern California market, SIRC is currently on a $25 million annual revenue run rate. The residential solar installation market is expected to record installations totaling nearly 100 GW from 2021-2025, a 42% increase in the amount of solar installed over the last five years.
"SIRC benefits greatly from current and prospective mandates and policies," noted Goldman. "The stock trades at a big discount to its peers, and although it trades above its 50 and 200 DMAs, this underfollowed player hasn't yet enjoyed the big moves of its peers," said Goldman. Goldman Small Cap Research produces sponsored and non-sponsored small-cap and micro-cap stock research reports, articles, stock market blogs, and popular investment newsletters. It is not in any way affiliated with Goldman Sachs & Co.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, sector or industry snapshot, podcast interview, or a press release is not intended as an offering, recommendation, or solicitation of an offer to buy or sell the securities mentioned or discussed. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite the inherent, above-average business, market, or financial risk. Goldman SmallCap Research was compensated $4000 by a third party for the production and distribution of the research report and associated press release and distribution.
DSG Global (DSGT)
Share Price $.96| Market Cap $79m | DSG Global Website | Imperium Motors
DSG Global owner of the Vantage Tag Systems provides patented SaaS electronic tracking systems and fleet management solutions to golf courses. VTS has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over 15,000 vehicles worldwide to include US military vehicles. Other applications for its SaaS offerings are tracking shipments of agricultural goods (food), commercial fleets, mobile ads.
In October 2019 DSGT announced a strategic partnership with Zhejiang Jonway Group Co., Ltd (Jonway) a leading manufacturer of electric vehicles in China. Under the agreement, Jonway Group has agreed to purchase the Company’s Tag systems for installation on its vehicles in China and other territories.
Imperium Motors
DSG Global’s subsidiary Imperium Motor Company is an EV sales and marketing company that offers a wide variety of affordable vehicles equipped for the North American market with strategic partnership from its Chinese partners Jonway, and Skywell Motors, and Swedish E-bike company Rumble Motors.
In total Imperium Motors will carry 15 battery-powered vehicles varying from a low, medium, and high speeds. The company just recently received its first shipment of vehicles (73 in total) which include the high-speed Skywell SUVs, multiple Jonway scooters, a variety of 3- and 4-wheel cars, vans and trucks, and a large container of Rover electric bike products and other Rumble Motors models, which will be shown in the Company’s Experience Center.
Honorable Mentions List
Companies that are widely talked about by investors that I am also bullish on this year.
Nio (NIO) - NIO Day on Saturday
Xpeng Motors (XPEV) - Continues to deliver more and more vehicles #BABA
Genius Brand (GNUS) - Twitter pump ruined their reputation *cough Stan*
VivoPower (VVPR) - Entered the EV market space + solar, I’m in about it
Apple (AAPL) - Robotaxis, AppleFi? , and the M1 chip (people sleeping on that)
Rensola (SOL) - One of the largest Solar providers worldwide, the company works with many governments throughout Europe, Asia, and is expanding its products into North America.
Liquida Corp (LQDA) - Nanotechnology meets medicine
Oh, you’re still here?
How about another Ideanomics rabbit hole?
Yeah?
Ok! Let’s get it then
Ideanomics to M̶o̶o̶n̶! Canada?
In August of 2020, SVP Tony Skalar was interviewed by Argus Metals titled: Q&A: Battery switching key to mining electrification. In the interview something stuck out to me:
Where globally are the policies in place to support electrification?
“China is at the top of that list, having the mindset and mandate to be able to focus on blue-sky laws."
It has a 10-year head start on the rest of the globe. There is a thriving ecosystem in Europe and we are excited to make that a focus for 2022. Canada seems to be very receptive to working with mining companies to make sure there are economic incentives in place.”
Canada you say? After researching DSG Global and what they are doing with Imperium Motors I got to thinking and started to dig once again into the rabbit hole and this is what I found.
I was browsing the Electric Truck Market - Growth, Trends, and Forecasts (2020 - 2025) put out by Reporterlinker. I ran across a private company called Ovation Logistics Company which headquartered out of Brampton, Ontario. Ovation is the national leader in last-mile home delivery across Canada. The company operates more than 60 service centers in eight provinces. Ovation was established in Sherbrooke (Quebec) in 1935 and counts today more than 500 collaborators. Ovation is very similar to DSG Global as it is also a fleet management company like DSG Global manages golf carts with its Vantage Tag Systems business.
From the Market Report
Canada’s Ovation Logistics Company announced its plans to introduce electric trucks in its existing fleet. The company will be including 5 electric trucks supplied by Nordresa. These are equipped with 160 kWh batteries that will enable them to cover their entire daily assignment on a single charge. (report date of June 03, 2020)
Nordresa
If you go to Nordresa’s website you notice there isn’t a lot on their electrical vehicles as the company has primarily been a retrofitter of electric vehicles similar to XL Fleet. Currently, the website shows two types of vehicles the W4 a delivery truck, and the T series tractors.
Nordresa develops, manufactures, and commercializes electric drivetrains for commercial vehicles. Two systems are now available: the W Series, a walk-in van based on Ford’s E-450 chassis, and the T Series, our cab forward trucks. (website)
In 2019, Nordresa was bought by Dana Incorporated (NYSE: DAN) Dana is a world leader in providing power-conveyance and energy-management solutions. The company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Based in Maumee, Ohio, USA, and with locations in 33 countries across six continents, the company reported sales of $8.6 billion in 2019
Dana Incorporated’s Press Release commenting on the purchase of Nordresa
The investment further enhances Dana's electrification capabilities by combining its complete portfolio of motors, inverters, chargers, gearboxes, and thermal-management products with Nordresa's proprietary battery-management system, electric powertrain controls and integration expertise to deliver complete electric powertrain systems.
"Nordresa's experience designing and integrating electric vehicle systems enables Dana to offer our customers a complete system solution, including fully-integrated e-Axles, battery and powertrain controls, and thermal management," said James Kamsickas, Dana president and CEO. "Each of Dana's customers are at different points on their electrification journey and our strategy remains focused on supporting them with industry-leading technology and expertise for all vehicle architectures."
The transition of the powertrain to fully electric requires changes to the propulsion system, power steering, air conditioning compressors, and other accessory systems that are specifically engineered for battery-electric solutions. Nordresa's ability to integrate these systems while customizing the battery storage and management systems enables the most efficient solutions to be offered to customers.
"The electrification of commercial vehicles is rapidly increasing, and Nordresa was in search of a company with a strong heritage and customer-centric culture that would further accelerate our business," said Sylvain Castonguay, president and CEO of Nordresa. "Joining Dana provides Nordresa access to a global footprint, diverse customer base, and complete portfolio of electrification capabilities that will create long-term value for our customers."
Dana Incorporated in China
Dana Incorporated announced at beginning of 2019 the company had added five facilities in China since the start of the year. The increase was in result of Dana's acquisition of the SME Group an Italian producer of AC electric motors, inverters, controllers, and accessories.
Dana Incorporated added facilities are located in:
Shanghai, which engineers and manufactures SME AC electric motors, inverters, controllers, and accessories;
Changshu, which produces planetary gear reducers for e-Drives
Baoding, which will make e-Axles for new energy buses
Suzhou, one which produces city bus axles and a second that produces drives, axles, and gears primarily for off-highway mobile equipment and industrial machinery.
China Joint Ventures
Dongfeng Dana Axle Co., Ltd. (DDAC) - A joint-venture company between Dana and Dongfeng Commercial Vehicle Co., Ltd, engineers and manufacturers globally recognized world-class commercial vehicle products for the medium- and heavy-duty truck and bus markets.
Shenyang Spicer - A joint-venture company between ROC Spicer (a partnership between Dana and the Yulon Group) and Jinbei Auto Car, supports a broad range of local and regional customers with both globally and locally designed prop shafts and components.
Dana China Technology Center - Dana's technology center in Wuxi provides advanced product and application engineering through research, design, development, and testing of off-highway axles, driveshafts, and transmissions; commercial vehicle driveshafts; light-duty axles and driveshafts; and sealing and thermal-management products, including electric-vehicle battery coolers.
Hambition Drivetrain Components & parts Co., Ltd. or Zhonghong Heavy Machinery was founded in 2006, the headquarter located in Qingdao, China, and is the excellent OEM and service supplier of Off-highway Vehicles in China. Business including spare parts supply, repair of equipment and components, OEM selection & Application, technical support of Off-highway Vehicles. industry including mining, seaport, railway, military, and engineering. Products including DANA drivetrain products, GOODYEAR underground tires, Nexans and Prysmian cables, Manitou utility vehicles, and mining trackless equipment and parts.
Dana also added to their Drive Systems business by purchasing Oerlikon Group’s, Graziano, and Fairfield brands. Graziano, and Fairfield website in 2019.
Dana TM4
After an investment of $85 million into TM4 by Hydro-Québec together with Dana the company became Dana TM4. TM4 is comprised of Dana Electric Motor CO. Ltd, SME Group, and Ashwoods Electric Motors.
TM4 is a Tier 1 suppliers OEM part supplier for many product lines to include Lion Electric Buses (NGA), Peterbilt, Zero Motorcycles, Arcimoto (FUV).
What does this mean? I don’t know.
This could just be good information on a potential OEM partner for Medici. Dana/ TM4 makes everything we need to build the vehicles that we need in North America. As Alf and Tony say “We are way ahead of the Nikola’s and Workhorses of the world.” Take Lion Electric as an example of being way ahead. Dana Incorporated/TM4 would be able to facilitate the parts MMW needs in order to assemble vehicles in North America this year.
A M/A of Ovation Logistics could give MMW a good customer base to start, or M/A of Nordresa a marketable brand name, and Medici a facility to assemble. Nordresa current offerings are not with the times of today's EV market and could use some help
But what about Hyzon?
Hyzon was just another rabbit hole like I just went on could it be Hyzon? Sure, could it be Ovation? Why not! Nordresa? You bet! But only time will tell what IDEX and the management team comes up with.
And thanks for the DD on IDEX. I've been waffling on them for months, wondering just what they are.
They have been exactly on target and seem to have a substantial amount of resources behind the scenes.
-Almost too good to be true, or extremely well connected.
Have you looked at SILO, by chance?