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Highlights
- Strategic Elements is riding high on the back of several successful developments in Energy InkTM.
- Energy InkTM technology, evolving at a fast pace, holds the potential for electrical energy generation from moisture in the air.
- The latest developments indicated the technology’s potential to deliver more than enough power compared to a leading existing patch used to monitor glucose levels.
Strategic Elements Ltd (ASX:SOR) has shared an upbeat update concerning multiple successful developments in Energy InkTM technology.
Energy InkTM technology refers to a new power source capable of producing electrical energy from moisture in the air.
Shares of Strategic Elements witnessed a huge jump of 51.111% shortly after the news surfaced. One share of Strategic Elements was valued at AU$0.170 at market closing on 29 December.
However, the shares shed the gains, trading down by 4.4% to AU$0.162 at 12:25 PM AEDT, 30 December.
Details of Energy InkTM developments
Strategic Elements shared the details of Energy InkTM battery developments, highlighting:
- In the first experiment, the power output of an Energy InkTM battery that relies only on moisture was compared with the average power used by the industry's top-skin patch for monitoring blood sugar levels. The extraordinarily tiny, flexible, and eco-friendly Energy Ink battery produced more power than was required by almost 200%.
- The second experiment revolved around programmable load simulators. These simulators were successfully designed and fabricated to increase the engineering team's access to data, speed up testing, and encourage technological optimisation. The company gathered millions of data points to be used in engineering and create a future databank for negotiations with OEM manufacturers.
- In the third experiment, a simple power management system was integrated with Energy InkTM Initial tests showed a rise in power density, or power per square centimetre, of over 500%. For the same load, a smaller device with power management was able to provide more than five times as much electricity as the larger device without power management.
Commenting on the successful Energy InkTM developments, Charles Murphy, Managing Director of Strategic Elements, said:
Image Source: © 2022 Kalkine Media ®
Data Source: Company announcement dated 29 December 2022
Share performance of Strategic Elements in the last year
With today’s rise (30 December), the share price of Strategic Elements jumped about 65.22% in the last five trading sessions and 35.71% in the previous 30 days as of 10:45 AM AEDT.
On the contrary, Strategic Elements’ shares have seen a drop of 32.14% on a year-to-date (YTD) basis and 29.63% over the course of a year. The last six months, on the other hand, went positive for the company; shares were 35.71% up around the same time.
