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Superconductor Technologies Inc. (SCON)

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  • b
    barrygeo
    barrygeo

    Sunam at CCA 16

    https://nationalmaglab.org/images/magnet_development/asc/searchable_docs/asc_resources/coated_conductors/2016/io_16_moon.pdf

    Of interest is slide 12 “Daily Production 2G Wire Performances” Sunam claims to be producing 12mm-wide tape, consistently getting over 800 amps average Ic on tape lengths over 700 meters. The amps/cm would be 800A/1.2cm = 667A/cm. Which would outperform STI’s claim of 240A/0.4cm = 600A/cm.

    I think Sunam’s 800A results on that slide used a nickel alloy substrate. On the next slide they claim results on stainless steel substrate of >600A/cm on a 1,000 meter piece.

    These results were as of one year ago, and may be better now.

    Sunam’s graphs show clearly their uniformity of performance over long lengths of their wire. Superpower has provided the same information in the past, and probably others have that I’m not aware of. What I’m looking for is this kind of information from STI. Maybe it’s out there now or will be soon, I don’t know. But a single comment from a CC doesn’t do it for me.

    And any claims by posters here that STI’s wire outperforms competitors is simply not true. GLTA

  • b
    barrygeo
    barrygeo

    Here's one I hadn't seen before. A little bit dated, from CCA 16 in Sept 2016. The presenting company, iBEAM inc, uses IBAD in LED technology (a start up company)

    https://nationalmaglab.org/images/magnet_development/asc/searchable_docs/asc_resources/coated_conductors/2016/co_22_matias.pdf

    A few things of note: They divide HTS manufacturers into three tiers, with STI ranking 2d tier (don't know the criteria used w/o hearing the presentation). STI's RCE deposition of HTS is the same technology being used in Sunan in Korea (IBAD-RCE), and Theva in Germany (ISD-RCE).

    Note the price/performance target of $5/Kamp-meter for application in liquid nitrogen. SCON saying that they could charge more per-meter when they improve performance misses the point. The point is that the technology will not see commercial success until you drastically reduce the price. For instance, IF STI could produce 240A/4mm as claimed, that is equal to 600A/cm wide, which is 0.6 KAmp/cm wide. If they increase the selling price of that wire from $35/meter to $60/meter, the price/perfomance is now $60/ 0.6KAmp, which is $100/KAm. This is still TWENTY times the cost target of $5/KAm and it does not make the wire any more attractive to customers from a cost perspective.

    As of the date of this presentation, iBEAM characterized the HTS market as sort of reaching an impasse: Price had been dropping for years but had leveled off at about $100/KAm, and worldwide production had been rising but had leveled off at about 1000km per year. iBEAM calls this phase "the valley of death".

    "The play is long term and companies need to survive the Valley of Death", says iBEAM

    SCON, with negligible resources, is not very likely to survive the Valley of Death in a form where current shareholders will realize any benefit, in my opinion. I DO NOT believe the company is a "scam", and I do think their technology and manufacturing assets could survive in some corporate form, but the cost of surviving will be so overwhelming that current shareholders will not benefit.

    AMSC is in a similar situation, although I think they have a better chance. Yes, I own shares there, but I'm only thinking short term and I DO NOT recommend either amsc or scon for long term plays. GLTA

  • T
    Tony
    Tony
    hyperloop has raised $250million & is tubetrain of 750mph costs $21billion for 300 mile track, is now negotiating with governments, magnetic levitation trains with superconducting magnets may be a bit slower but cheaper, our company has hinted it can deliver superconductors for this relatively cheap
  • M
    Mask IPX-SPX
    Mask IPX-SPX
    Notice in the last begging for dilution dollars of the Rodman presentation p.8 to the boilerroom operators, the largest (~85%) HTS wire market in 2018 is power cables.

    What ever happened to the power cable demonstration order of Jan. 2012, "to perform a superconducting high power transmission cable demonstration project scheduled to be completed by 2012 year end.".

    The s(CON) stated in its 2012Q4 EC in Mar. of 2013 of "having the lengths that we need for this demonstration" "in weeks".

    Then in the 2015Q3 EC, the s(CON) admitted it still failed to deliver "the lengths that we need for this demonstration" and almost TWO YEARS later, not a peep on this cable demo project that the s(CON) states is about 85% of the market for HTS wire.

    The simplest application for HTS wire is "high power transmission cable", per the s(CON) has (~85%) of the market demand in 2018. The s(CON) still can't deliver a product for for this market.

    Holders of this POS, it doesn't end well, just like the previous bagholders.
  • R
    R2D2_N_3CPO
    R2D2_N_3CPO
    The chart on page 13 proves that delamination was not the problem. As stated on the chart it was the bend radius which is a compression force issue as I stated before and which mask continues to lie about!
  • C
    Carl
    Carl
    And when might we expect to see this massive stankpile of another private placement, pray tell? Are company execs back from Europe, yet? ...No reason to cut their trip to Switzerland short. The Big Pimp can wait.
  • G
    Greg
    Greg
    I reviewed the STI power point presentation that they are presenting at RR this week. Interesting facts...
    1) with 240A/4mm improvement in performance, STI has upped its projected sales price to $60 per meter.... that's up from $35 per meter which had been the standard for 4mm wire.
    2) Customer need is 10X what STI can produce for 2018... with most of the demand in the power cable area. This is nice cuz there is no need to wrap the wire in a power cable application like there is in the SFCL application. Power cables look to be 75% of demand, SFCL 20% and rest in magnetic applications.
    3) 2018 sales are forecasted to be 338 Km (4mm width) @ $60 per meter for total revenue of $20 million for the year. Does not state which application but seems to be SFCL based on CC. Operating expenses are expected to be about $ 8-10 million which gives a 50% margin. Projected 2019 sales rise to $50 million per year.
    Add in the $4 million from feds for 2017-2018 somewhere on the balance sheet.
    4) The current machine can meet demand for 2018 and most of 2019. 2019 sales are 840 Km and current machine maxes out at 750 Km/year.

    Nice presentation, now it's a matter of, "Say what you do and do what you say"... that of course has been the hard part with these goobers. But, if they can get at least half way there, that would still be a good story. Interesting to see of there are any institutional takers at the presentation. The institutional investors will no doubt want to pour over the STI documentation which supports their presentation.
  • R
    R2D2_N_3CPO
    R2D2_N_3CPO
    In the Q1 2015 JQ announced that the wire for the Cable Demo project had finally shipped and that results were anticipated in Q2. However in the Q2 2015 call, we were told that results would not be available until late August. Then in The Q3 call JQ stated:
    "... During the quarter our power cable customer performed testing on our wire that resulted in the request for longer length wire that will be used to fabricate a cable using their standard manufacturing processes. We plan to ship wire meeting this request in Q4" then during the Q&A portion of the call the following exchange occurred:
    "Jon Hickman
    Okay, and then can you just elaborate a little bit more on what you said about a cable, so you shipped them the demonstration wire and now they want longer lengths so they can actually make a cable that would go into an application?
    Jeff Quiram
    Well, what they want to do is -- so what they did with the wire that we shipped them first was really kind of hand building of a cable. So, what they want to do now is they want to -– they want to be able to mount the wire in the production machine that winds those cables in the normal process. So that they can run their line and build the cable just using their manufacturing machine like they would in a normal instance. So in order to do that they need longer lengths, it needs to be in reels so that they can attach it to their production equipment and then run it. It’s still going to be a relatively short length of cable but they want to see how it works with their automated production equipment. "

    IN 2016 STI suspended wire shipments until the wire using the new template design achieved the previous high levels of performance.
    that result was announce in Q1 2017.
  • T
    Tony
    Tony
    VERI Veritone AI software & $5million revenue last quarter worth $691 million 2018 est $37million rev
  • T
    Tony
    Tony
    The patents of Superconductor Tech Inc are one of a kind & huge economic sectors will use this tech I worked on patents for a myriad of companies including superconductor technology for Superpower & STI
  • T
    Tony
    Tony
    HMNY announced secondary large share issuance after positive news & 40% rise, & shares rose even 60% more in 2 days
  • M
    Michael
    Michael
    STI will need to raise capital soon. I have a feeling that we'll see another dilution followed by a reverse split. That seems to be the pattern in the past. I'm on the sidelines waiting to see what transpires. If there is a big spike before the financing announcement I will take a quick short position.
  • R
    R2D2_N_3CPO
    R2D2_N_3CPO
    Please note that I have provided a detailed and comprehensive proof that Mask's claims about STI wire failing due to delamination is unequivocally false and an outright lie, using sources of information that he has included in one of his most recent posts on the subject as well as another he provided some time ago which I used at the time to make my initial proof of his lie (which he ignored and abandoned all references to that Superpower presentation. The proof is contained in a thread I created several days ago that starts with the text "The chart on page 13..." To get the proper continuity you have to read the replies to that post from bottom to top. You will see that mask makes false claims about the Superpower presentation he references by claiming that a particular list of mechanical strength parameters is a listing of delamination causes claiming that longitudinal axis tensile stress was the "first cause of delamination". while in fact It was simply the first mechanical stress listed. My explanation will clarify all and will prove that he has lied all along about this topic. Please note that in some instances a single response is contained in several sequential posts due to operator error and the need to take an occasional break. Enjoy the reading and see how I shoot him down in flames! LOL! LOL! LOL!
  • m
    mike
    mike
    Webcast by CEO incoherent ? Low I.Q ?
  • R
    R2D2_N_3CPO
    R2D2_N_3CPO
    Tony, We know you are a paid pumper spamming the board with all your crapola about STI. So give it up, or at least create a new thread entitle in you first line that you are creating the Spam/pump/pimp thread for STI. Then put all these meaningless posts in that one thread so we don't have to endlessly scroll past your meaningless empty drivel or report each post as spam, because that's exactly what it is!!!
  • T
    Tony
    Tony
    Tesla ceo hyperloop 750mph tube train costs $21 billion for 300 miles, magnetic superconducting levitation trains are slower at 375mph, but they can make them cheaper & the demand for this is huge when affordable, with Superconductor Technologies Inc tech it can be made cheaper right I want them to talk about this it's in the media Hyperloop frenzy with 1000s of tracks considered of 300 miles
  • M
    Mask IPX-SPX
    Mask IPX-SPX
    Wonder if the s(CON) will use the recent hurricanes as another excuse for why its wire hasn't been qualified by any device manufacturer for any application?

    Wire qualification testing by device manufacturers has been going on for over FOUR years with a 100% failure rate.

    What a SCAM.
  • C
    Carl
    Carl
    Just now waiting for the mighty Hammer of Dilution to come down. They'll need at least $10 million to keep that cash bonfire a blazin'. How about another 10 million shares plus the same number of warrants at $1.10? But there's more! How about another BIG FAT STOCK OPTION PLAN FOR THE "EXECUTIVES" and "DIRECTORS" for a JOB WELL DONE?! And let's not forget R&R's cut ....
  • G
    Greg
    Greg
    STI has zero debt. I hope that if they have a contract in hand by end of year, that banks would be able to loan them $. Not being a financier, this may be wishful thinking on my part. Anyone have insight on chances of financing.... please only if you have financing knowledge... don't just blather or put down others.
  • m
    mike
    mike
    Company produces nothing