Putting specifically what the company has reported to the EIC project, seen in the light of the state of the art of the industry today, this is actually very easy to summarize. Based on the concrete following statements of the company to EIC:
Our breakthrough UVC LED technology will provide: a) High wall plug efficiency of 12%, which is in the range of mercury lamps and 60-91% higher efficiency than current market-available UVC LEDs. b) Longest lifetime at 20,000 hours, which is equivalent to that of some industrial mercury lamps. c) High optical power of 250mW (at 500 mA) resulting in by far the highest intensity on the UVC LED market. d) Low cost at €50/W, which is up to significantly cheaper than existing UVC LEDs.
Thus, CrayoNano’s technology indeed has the potential to disrupt the competitive landscape and state of the art UV-C LED technology through higher power, longer life, higher yields, and thus lower costs. An optimized production line of well over tens of thousands of chips per day has resulted in high product yield for CrayoNano’s first UVC LED product (WP2), well demonstrating the commercial potential for our disruptive UV-C LED chip technology.
Based on these numbers from CrayoNano, mean they have the world best performing technology of UV-C LEDs and produce method with less costs. These numbers is a revolution for the whole UV-C LED industry as of today, it also even opens and expand the market in itself. With these statements and specific numbers, they would beat any best in class in the industry with an immense margin.
If they approach any of the leading competitors or any company planning to join the race, acquiring and securing this technology would be a clear no-brainer. Both to protect their market, but also to secure the patents.
This takes it to the next aspect, what kind of investors will be joining, or which company will acquire them? Its really boils down to this:
These numbers are so revolutionary because no product exist in the market today, hence they should be a very attractive asset to buy before the price would increase fast for each year.
If no industry investors or strategic investors will be joining, it really means 3 things:
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CrayoNano cannot convince the largest competitors to acquire them (betting on they must have tried this approach and possibly doing it with several to get an overview of the possibilities), meaning the company is faking the story and narrative heavily and is much far away then they communicate.
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CrayoNano has not reached out to real important stakeholders/prospects/investors, and not doing that with the numbers claimed, the board must be incompetent.
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CrayoNano do not dare to reach out to industry players because they are covered under 1) and will avoid getting exposed.
Summary:
This company must be acquired anytime soon, based on the statements given in reports to EIC.
If any non-industry-related or lightweight investors joins this, is clear sign that possibly confirms the aspects above. This is a technology you would buy regardless of high interests rates. There is great M&A activity in the semiconductor industry regardless of this.
Why?
The leading competitors have tried to reach anything above 100mW for the last 7-10 years and the development has stagnated, and 250mW is by far the most powerful in the market today. The best performing single die UV-C LED chip today is around 140/150mW (on 500mA). If they also can do it on 50% reduced price it is completely fantastic.
