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Nanoveu (ASX:NVU) has seen shares rise humbly on Tuesday after the company flagged that it’s teamed up with Nasdaq-listed Semtech to integrate NVU’s EMASS microchips into “industrial and Internet of Things (IoT) markets.”
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The IoT market, which may sound familiar to those Australian market watchers who’ve been around the traps for a while, pertains to ‘smart devices’ – whitegoods like washing machines and fridges with internet compatibility; internet-controlled home thermostat systems, things such as that.
To date, most of NVU’s focus has been on making small handheld drones fly for longer, and the EMASS chip’s core value prop appears to be energy efficiency.
“Joint reference designs [with Semtech] demonstrate predictive maintenance and acoustic event detection through ultra-low-power, on-device AI combined with long-range wireless connectivity,” the company wrote on Tuesday.
Semtech, for its part, focuses on such matters when it comes to IoT chips, as well as sensing chips (presumably for things like ring cameras and home security systems), as well as also operating in the data centre support service space. And that’s a partner one mightn’t want to balk at.
At the same time, and if one were cynical, they’d say, of course, the chip tech company is talking about AI, Nanoveu also sees a future where maybe they can run AI programs using less energy, but that’s neither really here nor there right now.
In fact, they’ve been talking about that a lot, and its Tuesday disclosure runs with such a headline. And yet, AI doesn’t come up that much when it comes to actual next steps. (Read: putting chips into devices first, ask about AI later.)
At one point in October, it could have been argued the market was a tad bored with Nanoveu when its share price dipped, even after the company flagged ramped-up handheld drone testing using its chips.
I also can’t help but point out that in an October presentation to a Hong Kong investors’ conference, on slide 17 of a presso NVU delivered, you can see one (1) singular photo of the company’s drones in which its microchips are being tested – and just for clarity, it’s worth including a cropped screenshot.
Still, Nanoveu remains a HotCopper forum curio favourite, and it’s not always the case that crowds are completely wrong.
NVU last traded at 8.7cps.
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