ITACONIX PLC (ITX) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the ITACONIX PLC Interim Results Investor Presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the Q and A tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question it receives in the meeting itself. Have the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to John Shaw, CEO. Good afternoon to you, sir. Good afternoon. We're very excited to be here. So I'm gonna take you through a bit of an overview, then our CFO, Laura General, will take you through our financial results, and then I'll come back and discuss our strategic progress. Quick overview about our business. It is all based on idaconic acid. Ideconic acid is an outstanding plant based building block. It's natural. It has high value. It's generally available. It's a raw material for us to use, and it offers safer, profile than the chemistries that we're substituting for, primarily acrylic acid and styrene. Inaconic acid is made with a plant based feedstock through fermentation. The fermentation is currently done in China. We bring the material idaconic acid into our facility here in New Hampshire. We turn it, polymerize it into valuable, functional ingredients that we then sell as specialty ingredients into everyday products. The potential for our Iodiconic acid technology platform, really reflects the current usage for acrylic acid and styrene across many different application areas, totaling a potential market of about $20,000,000,0...