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Vycon
Vycon (VYCO) based in Yorba Linda, California, designs and manufactures high speed flywheel based energy storage systems. Its existing products target the global uninterruptible power supply (UPS) and dockyard crane markets where its clean technology can significantly reduce emissions of greenhouse gases and other pollutants.
On track at results release
Loss reported, but sales 4x comparable period and visibility good
New flywheel products launched and gaining advanced orders
Further senior management appointments
Convertible debenture announced, with key shareholder support
Publication Date:
September 30 2008
Adjusts to market place
Product now developed that will enable an enhanced competitive offering
New channel partners and market experience gained means accelerated shipment growth expected in both UPS and crane markets
Strengthened management team
DCF analysis shows NPV of $78m, equivalent to 123p / share (twice current value)
Publication Date:
June 2 2008
Adapting to the market place
Significant progress was made during the year reported in generating demand for the crane and UPS units, although earlier sales targets were not met. The company states that sales growth had been hampered by the lack of a dominant Vycon sales team, the lack of strong and established channel partners and more conservative than expected crane customers. In cranes, REGEN units were delivered to Hutchison Port Holdings and Long Beach Container Terminal, and Vycon entered into a MOU with Fantuzzi Reggiane Group for new and retrofit applications.
Publication Date:
April 4 2008
Interim results show significant progress
Agreement with Fantuzzi to promote the REGEN crane system
Vycon advancing with strategic customers in the target markets
Publication Date:
August 31 2007