Verditek was incorporated in April 2016 and admitted to trading on AIM in August 2017. It is a holding company with three investments. The first is a 51 per cent stake in Greenflex Energy Ltd which owns Greenflex RSM, a designer and producer of photovoltaic panels in San Marino. The company claims to have developed some innovative technology and to own two manufacturing lines able to produce 50MWp per year. The second investment is a 23.64 per cent stake in Hawaii-based Westec Environmental Solutions, a company that makes products that absorb from air unwanted particles or alternatively gases, such as carbon dioxide. The third investment is in Hampshire-based BBR Filtration Ltd that makes fluidized biological products to absorb hydrogen sulfide and other smelly gases from air.
Exchange: London AIM (VDTK)
Financial Data from Exchange website: LSE summary
Recent Financial Report: None yet produced
Greenflex works on thin, flexible photovoltaic panels with improved interconnectivity between individual cells. Verditec claim that the panels can be placed on existing panels to boost output. In the future they plan to produce re-cyclable, plastic roof tiles that incorporate PV cells and look like standard tiles.
Westex’s method for improved absorption of unwanted gases is based on creating an aqueous froth out of the gas and liquid that creates a much higher surface area for absorption. Verditek has an option to increase its share to 51 per cent.
29 Farm Street,
London WIJ 5RL
Chairman: Geoffrey Nesbitt (non-executive)
CEO: Theodore Chapman
Short description: Photovoltaic, carbon capture and air filtering
Fields of interest: Solar, Other