Only just picked this up from last months brokers coverage
A second avenue of commercialization will be potential joint ventures with industry participants, such as chemical companies, battery cell manufacturers and end users, like electric vehicle (EV) companies, mobile phone manufacturers etc.
TiO2 manufacturers most likely JV partners
Potential joint venture partners among the chemical producers naturally include the largest players in the Titanium Dioxide market segment, i.e. DuPont spin-off Chemours (NY E:CC), Tronox (NA DAQ:TROX) and privately-owned Cristal. The latter two are in advanced takeover proceedings that would see Tronox acquire Cristal to become the world’s largest producer of TiO2. ahead of Chemours.
A typical JV deal with a TiO2 manufacturing company would see UTR provide process IP to manufacture TiO2 nanotubes with the manufacturing partner providing processing capacity in large volumes.
Nice bit of crystal balling or was it
UTR Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
