Sony is moving to put the Magnesium-Sulfer battery to market as soon as possible and would like to use it in their phones. Apple is working on the same tech and could possibly plan to use it in their car. Toyota is researching also. Check out a company called Pellion Technology.
I noticed the company has also moved into Calcium Metal. There is research into those kind of batteries.
The commodities trading desk in Singapore sounds interesting. - it would definitely be a great way to build up a customer base when the company brings its own facilities online.
The diversification is absolutely a move to keep the company moving. Revenue of $19.9 million looks attractive despite the increase in losses.
CMC Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
