Strategic Elements Ltd (ASX:SOR) is set to build on the strong foundation established in its ‘venture builder’ strategy supported by a unique and innovative portfolio of technology and resource projects.
As one decade comes to a close and another one dawns, this strategy and the Pooled Development Fund model under which Strategic Elements operates have positioned the company to achieve further milestones in 2020 and beyond.
There are positive indicators with the share price having risen from 2.9 cents in early June to a new 12-month high of 9.4 cents six months later while in the same period the market cap is up by around 130%.
Backing Australian innovation
The Pooled Development Fund model, which has been registered by Australia’s Federal Government, provides SOR with a mandate to back Australian innovation.
SOR generates high risk-high reward ventures and projects from combining teams of leading scientists or innovators in the technology or resources sectors.
As a Pooled Development Fund most investors in the company pay no tax on capital gains made from selling their SOR shares.
“Pivotal” time for SOR
The company’s venture builder strategy incorporates technology with a focus on Artificial Intelligence and Robotics as well as a printable memory demonstrator while the resources component includes the Behemoth project in remote Western Australia.
SOR’s managing director Charles Murphy said: “In each of our projects we are doing things that have never been done before.
“The passion and effort that our teams are putting into their work is exemplary. I can’t thank the people involved enough.
“The first few months of 2020 is going to be pivotal for SOR.”
Potential meteorite impact site
The Behemoth project incorporates the company’s innovative practices as it is the site of a potential meteorite impact in the remote and sparsely explored Gibson Desert near the border of WA and South Australia.
These factors facilitate a different approach to exploration and, hence, the company is collaborating with globally respected scientist Dr Franco Pirajno.
Drilling is underway but some delays have been caused by fire, water logistics and lightning strikes.
The company expects the program to finish in the second week of January with assays for copper, gold, rare earths and investigation for evidence of meteorite impact expected to be available in early February.
New AI and Robotics division
With the new AI and Robotics division, SOR is supporting the development of a proprietary autonomous robotics platform with a highly talented technical team.
This team has deep experience in AI, computer vision, autonomous vehicles and robotics for both software and hardware.
A major milestone in this work was the recent signing of an agreement with global Fortune 100 software-industrial company Honeywell International Inc (NYSE:HON) to build experimental autonomous robotic vehicles.
Honeywell operates total asset and facility management operations globally across a range of market segments including justice, commercial, health, defence and hospitality.
SOR’s division is on track to deliver an autonomous robotic security vehicle in the first quarter of 2020 while the company is also in discussion with multiple companies in the mining sector for its AI and robotics technology.
Nanocube Memory Ink
Another globally disruptive technology that SOR is working on is Nanocube Memory Ink.
A technology demonstrator is being fabricated with the University of NSW, Product Engineers based in Sydney and experts based in VTT Finland to highlight the unique printable and transparent benefits of the Nanocube memory technology.
The data storage technology is physically printed onto surfaces such as glass and plastics where industry-standard silicon chip technology cannot go and this is expected to be a large industry in the future.
A third-party transparent display and touch sensor component is being integrated with the transparent Nanocube Memory Ink and custom application logic developed by the SOR backed team.
Final validation testing of the demonstrator program software functionality is underway and a presentation will be made in Finland to a select group of industry companies next month.