Spinnova

The first test runs of the demonstration plant progressed as planned, though no significant new details were provided regarding production and investment cost development.

The positive aspect of the report was that the first test runs of the demonstration plant progressed as planned, though no significant new details were provided regarding production and investment cost development.

In the report, we will be particularly interested in the development of the technology's cost competitiveness and the results of the test runs at the demo facility, which began in the spring.

While a successful offering would strengthen the financial position for commercialization, the timeline and the terms of the offering are still to be determined.

We have not made any material changes to our forecasts, even though Spinnova appears to have advanced its strategy both in terms of assembling a cooperation consortium around the technology and verifying the reduction in the technology's production and investment costs.

We consider the textile manufacturer's addition to the partner network a small, positive step toward commercialization.