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#ASX Announcements
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Last edited 3 years ago

27 July 2021

SOR Enhances Agriculture Automation Technology

Perth, Australia, 27th July 2021 –Strategic Elements Ltd (ASX:SOR) is pleased to announce that subsidiary Stealth Technologies has achieved several key development milestones with its sophisticated weed detection technology. The spread of weeds is still a significant issue for crop yields globally, where production losses are estimated in the tens of billions and weeds are becoming increasingly herbicide resistant.

  • Sensor hardware has been dramatically reduced in size and weight to enable sensors to be installed on a range of farm equipment such as boom sprayers or utes and even potentially drones in addition to the header of a combine harvester.
  • Proprietary software and algorithms have been upgraded to enable weeds to be detected in crops other than wheat (e.g.barley). Improvements have also been made to system design to allow the assembly of composite point cloud, enabling superior processing and delivering higher weed detection accuracy.

...

#ASX Announcements
stale
Last edited 3 years ago

July 6th 2021

SOR to Develop Autonomous Vehicle for Defence with DST

Western Australia - July 6th 2021 -Strategic Elements Ltd (ASX:SOR) is pleased to report that subsidiary ‘Stealth Technologies’ will design and deliver an autonomous drone carrying vehicle that automates detection and sensing of chemical, biological, radiological and nuclear agents. The Company will collaborate with Defence Science Technology Group(DSTG), part of the Australian Department of Defence,and the University of Western Australiato build the solution and conduct a live demonstration to Army. The Western Australian Defence Science Centre has agreed to part fund the collaborative work.

The autonomous vehicle will carry drones and sensors into a target environment keeping humans at a safe distance. The autonomous drone will enable rapid traversing of the target area using sensors to map and/or monitor the location of chemical, biological, radiological and nuclear (CBRN) sources.

  • The collaboration will result in a live demonstration of the Autonomous CBRN Vehicle to Defence (both DSTG and Army) and investigate advanced manufacturing capabilities and facilities for productionin Western Australia.
  • Other outcomes include the potential to leverage the autonomous capability to other Australian Defence Force problems–for example other Resupply, Intelligence, Surveillance, and Reconnaissanceuse cases.

...

DSTG, UWA and the WA Defence Science Centre has committed to provide $350,000 of cash and in-kind services to the collaboration and Stealth Technologies will invest approx. $350,000. Under the funding agreement Stealth Technologies retains 100% of the IP and associated commercialisation rights for CBRN and other defence force related applications.

1.The collaboration will deliver an Autonomous CBRN Vehicle that can navigate itself through an environment using Stealth Autodrive Hardware (autonomous technologies)and Stealth OS Software (sensor fusion, computer vision, AI & Neural Networks).

2.Hatch doors in the vehicle will enable Stealth customised drone(s)carried on board to autonomously launch, carry out CBRN detection and sensing missions (using DSTG algorithms and sensors) and land back onboardthe autonomous vehicle. Data will be communicated back to the mission control centre.

3.A live demonstration of the Autonomous CBRN Vehicle will be carried out to DSTG and Army.

4.The collaboration will also investigate advanced manufacturing capabilities and facilities for production in Western Australia.

5.Other outcomes include potential to leverage the autonomous capability to other Australian Defence Force problems – for example other Resupply, Intelligence, Surveillance, and Reconnaissanceuse cases.

#ASX Announcements
stale
Last edited 3 years ago

30 June 2021

SOR Powers Bluetooth Sensor Device with Moisture

Western Australia –June 30th 2021 -Strategic Elements Ltd (ASX:SOR) has achieveda critical development milestone with its moisture powered battery successfully powering an IoT device equipped with both temperature and humidity sensors and onboard Bluetooth communication.

The advanced graphene oxide based battery ink technology enables extremely small, thin and light weight battery cellsto be printed onto surfaces such as glass and flexible plastic. The battery cells are designed to be powered and self-charged solely by humidity in the air or from the skin. Graphene oxide and moisture from humidity in the air area readily available, environmentally friendly source of energy compared to alternatives based on lithium and coin cells.

Bluetooth Communication and SensorDemonstration

A demonstrator battery harvested energy from moisture in the air and converted this to power a Cypress Semiconductor IoT sensor kit with fully integrated:

  • Electronic control board
  • Bluetooth Low Energy(BLE)communication module
  • Temperature sensor
  • Humidity sensor

Battery ink cells successfully enabled real time temperature and humidity data to becaptured and transmitted wirelessly to a laptop via sensors and a BLE communication module overthe 5 hour testing period with a sampling rate of 7 seconds.

Significantly, for the first time battery ink cells were integrated with a commercial supercapacitor.This is a significant advancement as higher performance applications require a supercapacitor/battery for greater energy storage.

#Business Model/Strategy
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Added 3 years ago

4 March 2021

Strategic Elements generates 100% owned ventures from combining teams of leading scientists or innovators in the technology and resources sectors.

1. The Australian Federal Government has registered Strategic Elements as a Pooled Development Fund with a mandate to back Australian innovation.

  • The aim of the Pooled Development Funds programme is to increase the supply of capital to Australian small and medium-size enterprises (SMEs).
  • PDFs are venture capital funds registered under the Pooled Development Funds Act 1992
  • PDFs and their shareholders receive tax benefits on the capital gains and income derived from their investment. This is to help compensate for the higher risk of investing in SMEs. High risk – high reward resources and technology innovation

2. However the Company does not operate like a typical venture fund.

  • The Company does not seek to hold a large portfolio of investments minority 10- 20% stakes. Instead it seeks to venture generate 100% owned companies in collaboration with teams of leading scientists or innovators.
  • Access to $50M+ of institutional technical infrastructure and equipment, government grants and R&D cash back $$ significantly reduces up front expenditure.
  • SOR sole funds initial development of each subsidiary whilst remaining open to a ‘strategic investor’.§SOR seeks returns through a trade sale or listing of a subsidiary, a licensing deal or income generated from a subsidiary

The Company is developing technologies being driven by four of the largest megatrends

1. Robotics and automation technology for mining, security, agriculture, transport. Collaboration with Fortune 100 Company ‘Honeywell’ for Autonomous Security Vehicles1. Further agreements with UWA and CSIRO. The Company is developing technologies being driven by four of the largest megatrends.

2. Self -charging battery technology in collaboration with the UNSW and CSIRO2. Uses humidity in air to generate electricity. Extremely small, thin, light weight flexible battery cells.

3. Transparent flexible memory technology working with the UNSW, CSIRO and VTT (Finland). Enabling flexible plastic and glass surfaces to store and process data instead of needing silicon chips.

4. Data related technology acquisition/development has been noted by the Company as its next potential area for venture generation.

The technologies are 100% owned and held in subsidiary companies

...

#Bull Case
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Added 3 years ago

From today's Appendix D - 31 December 2020 Half-Year Report

  • increase in revenue compare to 31 Dec 2019 by 7.9%
  • loss from continuing operations after tax for the same period down by 27%
  • net loss for the period attributable to members for the same period down by 27%
  • net tangible assets per security 1.57c as at 31 Dec 2020 compare to 0.78c on the 31 Dec 2019
#ASX Announcements
stale
Last edited 3 years ago


ASX Announcement on 26/11/2020.  

Strategic Elements Ltd (ASX:SOR) is pleased to provide an update on its current sector focus for further innovation opportunities and progress on the printable battery and neuromorphic memory technologies milestones.

Self-Charging Battery Charging

The Company and the University of New Sales Wales (UNSW) commenced finalising the scale up of the Battery Ink technology to a volume of 1 litre this week. Intellectual Property gained through developmentof the Company’s printable memory ink technology has enabled the Company and UNSW to significantly enhance development speed. Results remain on track to be available in November 2020.

The self-charging battery technology is being developed under a collaboration with the University of New South Wales and CSIRO partially funded by the Federal Government. The Battery cells generate electricity from humidity in the air or skin surface to self-charge themselves within minutes. No manual charging or wired power is required. They are created with a printable ink and are ideally suited for use in Internet of Things (IOT) devices. Strong potential competitive advantages exist over lithium based batteries that suffer from flexibility, dimension, weight and safety issues whilst needing a constant power supply or to be recharged.The global battery market for IOT was worth USD 8.7 billion in 2009 and forecast to be USD 15.9 billion in 2025.

Printable Neuromorphic Memory Potential

The Company has also commenced testing the Nanocube Memory for its potential in printable brain-inspired (neuromorphic) computing. The Nanocube Memory structure and operation allows it to combine computing and memory in one place in a way similar to how biological neurons operate. A series of significant synaptic functions will be emulated. Results remain on track and are expected to be available in December 2020.

Other Strategic Elements Activities

The Company previously announced that it in addition to these activities above that it is seeking further acquisitions in Australian innovation. The Australian Federal Government has registered Strategic Elements as a Pooled Development Fund with a mandate to back Australian innovation. The Company generates high risk-high reward ventures from combining teams of leading Australian scientists or innovators. To provide further guidance, the Company is currently focused on opportunities that leverage the enormous increase in the amount of data being created and consumed across government, consumer and business sectors. According to IDC4“The amount of data created over the next three years will be more than the data created over the past 30 years”. To date noagreement has been entered into and the Company will update the market when appropriate.

Strategic Elements Background

  • Investors in SOR potentially pay no tax on capital gains from selling their SOR sharesas the Company operates under a Federal Government program setup to encourage investment into innovation.
  • Strategic Elements operates as a ‘venture builder’ where it generates high risk-high reward ventures and projects from combining teams of leading scientists or innovators in the technology or resources sectors.
  • The Company is listed on the ASX under the code “SOR”. More information on the Pooled Development Program should be read on the Company’s website at www.strategicelements.com.au
     
#ASX Announcements
stale
Last edited 3 years ago

SOR Licenses CSIRO Technology for Robotic Security Teams

Western Australia -November 12th 2020 -Strategic Elements Ltd (ASX:SOR) subsidiary Stealth Technologies has licensed world leading CSIRO technology that enables robots to work together in teams.The parties will initially focus on security applications and work under an Early Adopter Program (EAP) that will assist Stealth to integrate and commercialise the technology.

The Wildcat SLAM technology leverages more than ten years of research and development at CSIRO’s Data61, the digital specialist arm of Australia’s national science agency. Wildcat enables autonomous robots to simultaneously navigate and build high-definition maps, and gather other sensordata in locations they are being exposed to for the first time (ie: with no pre-existing maps). In addition, robots can automatically share and combine information with other robots without human intervention to build a collective understanding of their global environment.

Wildcat is a key enabling technology in ‘robot perception’, a system that endows the robot with the ability toperceive, comprehend and reason about the surrounding environment.When one robot encounters an obstacle or new context and learns, the entire team of robots can instantaneously learn. Wildcat also works underground and in GPS-denied environments.

Stealth Autonomous Security Solutions

Stealth Technologies is developing the Autonomous Security Vehicle (ASV) for perimeter security in sectors such as transport, energy, defence, government and utilities providing critical services. The Global Perimeter Security Market is forecast to be reachUSD 282.26 Billion by 2025.

The Company is also exclusively collaborating with giant US Fortune 100 Company Honeywell2 to build autonomous security vehicles for the correctional justice sector.The parties are currently working with the WA Department of Justiceto build a fully autonomous and robotic security vehicle for the Eastern Goldfields Regional Prison in Kalgoorlie to inspect, test and confirm the integrity of the secure perimeter.

The CSIRO’s Data61 technology can provide Stealth with a key technological advantage in enabling its ASV’sto work in teams and provide enhanced security and surveillance solutions to its customers. Stealth also recently formed a collaboration with leading US based Company Planck AeroSystems to enable drones to launch and land from its ground based ASV.

Wildcat SLAM

Deploying teams of robots often requires them to operate reliably in unstructured and dynamically changing environments, where there are no external positioning systems such as GPS, or pre-existing localisation maps. In these environments, robots must use their on-board sensors and perception algorithms to simultaneously build detailed maps of the world whilst determining their location at the same time. This technology is referred to as SLAM, or Simultaneous Localisation and Mapping. Whilst there are many approaches, and a few commercially available solutions, none of themare sufficiently robust or accuratewithout GPS, nor directly support the operation of robot teams through map sharing and cooperative localisation.

Wildcat is the world's most versatile, robust and accurate SLAM solution. It won the most accurateobject detection prize in the global DARPA robotics competition for underground exploration and mapping by robot teams, where CSIRO competed against the best field robotics groups in the worldin GPS-denied environments.