Superior energy storage capacity can be obtained, cost-effectively and scalable, on the basis of SaltX’s technology. This means that customers’ heating and cooling products will be more energy efficient, which saves energy and thus costs for the end users. The extra expense for SaltX compared to existing solutions can be recovered in less than three years, depending on the application. Product development, manufacturing and sales of end products via customers and leading partners
SaltX’s technology creates large and demonstrable value for both direct customers as well as end customers and users. However, as always when it comes to the implementation of new technology, changes in existing value chains and processes are required. The development will therefore be carried out in close cooperation with customers – and with clear, common goals. The end product in which SaltX is integrated, manufactured and sold by SaltX’s partners.
Competitive advantage through a strong patent position and unique IP. SaltX Technology intends to create value for the Company’s stakeholders, customers and partners by continuously developing and refining the unique SaltX technology which is the basis for the business operations. The value of the IP is realized through the sale of SaltX material and licenses along with associated consultancy services (see business model above).
Technology, product and process development will be protected through a proactive strategy regarding rights based on active patent application for new developments. Knowledge-driven organization characterized by creativity, flexibility and efficiency. SaltX strives to maintain a small cost-effective organization with high internal expertise and innovativeness.
In order to create maximum flexibility and efficiency, external resources will be contracted on the basis of specific needs. SaltX Technology have an outsourced manufacturing and delivery. The company will not have its own production of components or products. The actual preparation of the SaltX material, that is salt and matrix, will initially take place in-house, but it will be carried out by SaltX Technology’s subcontractors with the transition to larger volumes.