Poseidon Marine H2 is working full steam ahead towards having a finite element analysis of their technology by the end of August 2022, which will give them a proof of concept (POC).
Once the testing is completed by an independent organisation, the company will have a computerised model that predicts how their revolutionary marine tech will react to real-world forces, vibration, heat, fluid flow and other physical effects (example in the image above).
The company will be able to use the results to:
Secure a provisional patent.
Third-party validation of POC.
Have their product meet or exceed current standards of manufacturing & compliance.
Certification by insurers, which will make their product commercially accessible & viable to potential customers.
Poseidon Marine H2 will be able to use this progression to form licensing agreements with large manufacturers and industrial/public contracts with defence forces, ferry operators, police bodies and other major maritime sectors around the world.
The company says there is already strong market interest for their versatile technology that can operate on multiple fuels, including hydrogen and diesel, which will allow customers to operate on current and future refuelling infrastructure.
Once they have a working boat in Q3 2023, the company will seek to commercialise their product via a planned public listing in early 2024.
Read their investor presentation to see how they plan to achieve this or go straight to VCEX so you do not miss out on this pre-IPO opportunity!
