Weebit's report was as expected. They have never wavered from their program other than accelerating development in associated domains with the additional funds raised over the past few months. Upcoming announcements over the next six months with prove the potential of this company.
26 February 2021
Key highlights for H1FY21
Targeting first commercial agreement in the embedded market mid-2021.
Targeting the discrete market 2024.
See the slide below from the recent Webinar presentation released on 29/1/21.
The size of the potential markets is what makes WBT such an exciting investment. Still high risk, but the rewards could be a slice of these:
Company Presentation on Outlook through 2021.
Should be able to get it here
Best to read the company announcements and interviews (stocks down under, pitt st research).
Essentially they have new silicon based non-volatile ram storage which can be stacked, and which offers higher speeds. Because it uses familiar fab technology it should be easier to get to production from where it is at now.
Will be volatile, but expect good news thru 2021.
(Figure .9 achievable in short term. DYOR. old post just a month ago)
Currently $2, expect continuing volatility.
Refer to the company website for the latest presentation.
The marektplace for non-volatile memory is held back by limitations in data volume that can be written at reasonable speed.
WBTs technology addresses both speed and capacity.
As you will see from the October 2020 post, they are ready to produce samples and are approacing Tier 2 companies in order to get early revenue.
The NVM market is $60b, but the initial focus area is a $2b segment. DYOR.
I hold both WBT and WBTOA in the real world.
01-Nov-2020: Just on Coby Hanoch - Mr Hanoch has 15 years experience in engineering & engineering management and 25 years experience in sales management and executive roles. He was Vice President Sales at Verisity prior to its acquisition by Cadence Design Systems. He was also Vice President Sales at Jasper, doubling sales in 3 years before it was acquired by Cadence. As CEO of PacketLight, Coby helped steer the company away from bankruptcy. He set up a consultancy company, EDAcon Partners, which helps startups define their corporate strategies, set up their sales channel and raise capital.
Coby holds 532,672 WBT shares plus another 2,598,571 WBT options. Of their 6-member board, there are 3 other directors who hold more WBT shares than Coby, but he holds more options than anybody else.
He has been the Weebit Nano MD & CEO for just over 3 years and when he first took over, the share price rose from 40 cps to $1.92 in two months, but then got back down to as low as 23 cps in March this year (during the worst of the COVID-19 sell-off). Since the 10th August however, we've seen WBT rise from 30 cps to close at $1.50 on Friday (+400% in under 3 months). Clearly not for the faint-hearted this one!
Andrew (Strawman) interviewed Coby during the past week and the video is posted under the "Competition" tab here on Strawman.com, but be aware that the video containing that interview will likely be replaced within a week, just as the previous one was (which included an interview with AVA CEO and Executive Director Rob Broomfield - and the chat between Andrew and Icarus. The current video (as of today at least) has the interview with WBT's Coby Hanoch starting at the 18:28 mark.
The video is just below the leader board containing the "Top 5" players in the Strawman Classic. The sound default setting is mute "on", so to hear what they're saying you'll need to locate that mute button (looks like a speaker with or without an "x" on it) which is next to the play/pause button in the bottom left corner of the frame, and click it so that the "mute" feature is "off" (i.e. no "x" on the speaker icon). The volume control bar is to the right of the mute button.
A good result with the stabalisation process completed exceeding expectations bringing the level of functional cells to over 99% now closer to commercialisation and in talks with production partners.
I just wanted to shine a light on this companies growth. Amazing!