Business
Interim results for the period ended 30 June 2019
Interim results for the period ended 30 June 2019.
About this update from Earnz Plc
[{"type":"text","content":"\n \nRNS Number : 6994N Verditek PLC 26 September 2019 \n\nVerditek plc\n \n(\"Verditek\", or the \"Company\")\n \nInterim Report and Financial Statements\nFor the six month period to 30 June 2019\n \nCEO's Statement\n \nOur focus at Verditek is on changing and extending the potential uses of solar power. We are doing so through the unique technology behind our solar modules (panels), which enables them to capture equivalent power to conventional panels whilst also being 90% lighter. These are fundamental differences and bring a wide range of new uses for solar power into play. Our initial focus has been on traditional areas such as commercial roofing with the difference being Verditek modules can be used on many more roofs and in smaller areas but deliver the same solar power.\nThis is a good start but only the beginning. We are also jointly developing a graphene solar cell with the potential to make enough solar energy from a small surface area so that electronic goods, such as laptops become self-charging. We have a clear route for developing these projects and have achieved our development targets to date. By the end of 2019 we will receive our first revenues from our current Solar modules, as well as continued investment in product development and commercialisation. \nWith the tailwind of the ever-increasing focus on renewable energy, Verditek is confident that its new generation of lightweight technology will impact the solar landscape over the coming years.\nThis interim report updates shareholders on material developments during the six months ended 30 June 2019, together with material events and activities taking place after the balance sheet date. \n \nOperational Highlights\n \nDuring the period under review, the Directors were focused on demonstrating to new customers the potential benefits of our technologies for their respective businesses and ensuring that Verditek was fully capitalised for the next phase of its solar commercialization. It's been a busy and productive six months. \n \nH1 Highlights include:\n \n \n· In June, Verditek and Paragraf announced the production of world's first working Graphene Integrated PV cell and a new Joint Development Program to further develop the efficiency of the ...