Month: February 2022

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $187 MCAD
Stock price at time of publication: $5,31 CAD
Target price: 15-32 CAD by external analysts
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Lion Electric Market cap 2,1 BCAD
Website: https://vicinitymotorcorp.com/

ESGFIRE comment: We are very pleased to read that our top pick in the electric vehicles sector Vicinity motors has received a grant of C$2,570,000 million from Sustainable Development Technology Canada (SDTC), a foundation created by the Canadian government, for the development of zero-emission transit busses. This is a great testimonial to their quality of electric vehicles and their effort to decarbonize public transit in North America! We see a big upside in Vicinity Motors shares as the company despite the recent action is valued at only 1,33 X sales of 2022 and with target prices of 15-32 CAD by external analysts!

Press release can be read in full below:

VANCOUVER, BC – February 7, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced the receipt of an initial C$2,570,000 million grant from Sustainable Development Technology Canada (SDTC), a foundation created by the Canadian government, for the development of zero-emission transit busses.

SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. The non-repayable grant from SDTC will help Vicinity Motor to introduce its new all-electric, true low-floor wheelchair-accessible (fully ADA-compliant), mid-sized, medium-duty bus. This project creates an affordable new class of mid-sized, true low-floor buses, providing maximum versatility and an environmentally responsible alternative to buses with traditional combustion engines.

“We are honored and appreciate the significant initial support from SDTC to accelerate the development of the innovative design of the Vicinity Lightning EV which will mitigate exposure to energy and carbon costs,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “As cities and governments around the world continue to establish climate goals, they are rapidly committing the funding needed for zero emission transit options like our breakthrough Vicinity Lightning™ EV.

“SDTC focuses developing and deploying new technologies with the potential to transform the environmental and economic prosperity of Canada. With this complementary mission between us, we look forward to our continued relationship with SDTC as a valued partner to enhance our growth and encourage adoption of electric vehicles within the Canadian market,” concluded Trainer.

Leah Lawrence, President and CEO of SDTC, added: “Vicinity Motor’s new Lightning EV bus will give municipalities a way to provide transit options that are both sustainable and accessible to all citizens, SDTC is proud to support Vicinity Motor Corp. as they continue to innovate and find cleaner options for moving people.”

About Sustainable Development Technology Canada (SDTC)

SDTC supports companies attempting to do extraordinary things.

From initial funding to educational support and peer learning to market integration, SDTC is invested in helping small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. SDTC is relentlessly focused on supporting our companies to grow and scale in an increasingly competitive marketplace.

The innovations SDTC funds help solve some of the world’s most pressing environmental challenges: climate change, regeneration through the circular economy, and the well-being of humans in the communities they live in and the natural environment they interact with.

For more information, please visit https://www.sdtc.ca/en/.

About Vicinity Motor Corp.

Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its proprietary electric chassis alongside J.B. Poindexter business unit EAVX, the Company’s strategic partner, for upfitting into next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.

Legal Disclaimer

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this website.

Company: Aurora Solar Technologies
Listings : TSX Venture, Frankfurt, USOTCB
Tickers: ACU, AACTF , A82
Market cap at time of publication: $15 MCAD
Stock price at time of publication: $0.105CAD
Number of shares fully diluted: 160,899,725
Business: SaaS Solar producer software and cost savings
Market Size: US$25bn 
Website: https://aurorasolartech.com/

ESGFIRE comment: The returns have been horrible for our investment in Aurora Solar Technologies since we added the company to the portfolio at the end of september 2021. Our position is down 56 % and we are not happy about the development of the company or the stock price. Aurora has, finally, released an update on the insight trial for the client which all investors have been waiting on. The results so far ? No financial decision by the client due to ” financial constraints” meaning no revenues for Aurora despite the fact that they met their targets for the trial. We can’t help to wonder how long this information has been known by the company and the company now puts their faith into the second trial with a larger manufacturer in China which begins now in March 2022. For us this is the end of the line and we are cutting our losses and investing in other positions. When management fails to deliver on several points such as shareholder information, transparency and above all business execution theres little faith left for us in management. Also the company is burning about 4 MCAD per year. The cash position was 3,9 MCAD by end of september 2021. The cash position in March 2022 should be about 2 MCAD and should last another 6 months. Unless the Chinese client trial is considerably faster than the first trial and gives substantial revenues there will be a financing need for the company in the next 6-9 months.

Press release can be read in full below:

North Vancouver, British Columbia–(Newsfile Corp. – February 7, 2022) – Aurora Solar Technologies Inc. (TSXV: ACU) (“Aurora“, the “Company“) is pleased to provide an update on Insight^TM Essentials and strategic initiatives.

Aurora’s initial evaluation of its Insight Essentials product is now complete, with the product validation needs successfully met, particularly the project’s objective of progressing Insight Essentials for market readiness. Due to customer constraints, there has been no financial consideration exchanged at this time. The Company will continue our focus on our larger-scale China-based evaluation as previously reported on November 30 and October 26, 2021. This project is underway and on track. Wafer tracking is about to be installed and the Insight platform and use case evaluation period is expected to start in March of 2022.

In parallel, Aurora is actively pursuing strategic opportunities to scale its measurement products business to complement and enhance the value of the Insight platform. The focus of this initiative is to build the breadth and depth of process control capability for high-value Insight applications to continue the Company’s first-mover advantage and drive to be an industry standard for yield management and process control solutions.

In the recently completed evaluation project, the most significant outcome was validation of the reliability and accuracy of Insight’s platform capability known as “tool tracing”. Tool tracing is the act of regularly collecting and processing solar cell production equipment performance and the information it generates is vital for timely and effective fault remediation and yield management operations such as preferential wafer routing. As such, trusted tool tracing is the platform for all current and future Insight product applications. For benchmarking purposes, Aurora’s analysis found that Insight’s tool tracing can consistently and significantly outperform the current methods being used at the initial production facility. This important result will now be built upon for broader application in our second larger China-based project.

“We are pleased to validate that Insight Essentials can provide a clear advantage in the core function of tool tracing, with superior data reliability, utility and cost-effectiveness. Insight’s platform unlocks value through all aspects of plant operation from material routing to fault detection and correction to maintenance procedures to optimize the quality of manufactured solar cells,” said Gordon Deans, Aurora’s Chief Executive Officer. “Looking forward our commercialization focus is now to capitalize on this positive result in executing the next step in the market introduction of Insight and our strategic initiatives to enhance the value of our product line to set the industry standard for yield management and process control systems.”

About Aurora Solar Technologies:

Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. We believe that solar power will be a dominant element in the renewable energy field, and our mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing.

Aurora’s products are used by some of the world’s most advanced and respected solar cell manufacturers. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China, and partners in all major solar manufacturing markets. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Aurora’s website is located at www.aurorasolartech.com.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Company:Aduro Clean Technologies
Listings:CSE, OCTQB, FSE
Tickers: ACT, ACTHF, 95DO
Market cap at time of publication: 37 $ MCAD / 29 MUSD
Stock price at time of publication: $0.77 CAD / 0.59 USD USD
Business: Plastic recycling, bitumen upgrading, Renewable diesel & Aviation fuel
Website:https://adurocleantech.com/
Target price: See price target estimate at end of article
Comparable Peer evaluations:
Purecycle 674MUSD
Clean Energy fuels 1,25 BUSD
Agilyx  278 MUSD

SARNIA, ON / ACCESSWIRE / February 2, 2022 / Aduro Clean Technologies Inc.(“Aduro” or the “Company“) (CSE:ACT)(OTCQB:ACTHF)(FSE:9D50), a Canadian developer of patented water-based technologies to chemically recycle plastics, and to transform heavy crude and renewable oils into new-era resources and higher-value fuels, will attend the eighth annual AlphaNorth Capital Conference from March 25-27, 2022.

The AlphaNorth Capital Conference provides an opportunity for growing companies like Aduro to meet with top-level capital finance firms and present their investment opportunities through a day of scheduled one-on-one meetings.

The Aduro team will be discussing the advantages of its proprietary Hydrochemolytic™ chemical conversion technology. Aduro recently received independent validation proving completion of work demonstrating the viability of its technology in the types of continuous-flow reactors commonly used in commercial applications. These results will inform the next phase of activity for Aduro to scale the technology for pilot plants, pre-commercial deployments, and, eventually, full-scale commercial systems.

Aduro will also discuss its pending partnership with Brightlands Chemelot Campus, an international shared innovation community located in Limburg, the Netherlands. The objective of this partnership is to complete an installation that applies Aduro Hydrochemolytic™ technology to demonstrate, on a tons per day scale, the conversion of polyethylene waste to useful feedstock for chemical processes.

Additionally, Aduro will discuss its activity with Switch Energy, a recycler and operator participating in Canada’s agricultural & industrial film recycling program by owning and operating the largest collection program for agricultural waste in the province of Ontario. The goal of these discussions is to develop a framework whereby the two companies can work together to design, build, install, and operate a pilot plant to process waste polyethylene and other types of waste plastics, such as polypropylene.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.

Legal Disclaimer

We plan to subscribe for shares of this company personally in the current private placement.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.