During the height of the Industrial Revolution, Middlesbrough was bestowed with the moniker “Ironopolis” due to its proficiency in iron ore, steel production, and shipbuilding. In subsequent years, the city has encountered economic hurdles. However, Middlesbrough is now experiencing a renaissance, with Time to Act leading the resurgence.
This enterprise stands at the vanguard of engineering expertise in renewable energy, equipped with cutting-edge technology that could rival the innovations of the industrial pioneers. Founded by the seasoned entrepreneur Chris Hemingway, Time to Act consists of two divisions.
The first division, Diffusion Alloys, is a global leader in the production of corrosion-resistant coatings for essential equipment used in hydrogen and nuclear plants. It boasts a clientele including the FTSE 100 company Johnson Matthey and is also undergoing substantial revenue growth with future expansion on the horizon.
Conversely, Hemingway’s other venture, Greenspur, has pioneered a technique for producing wind turbine generators using readily available and cost-effective materials. Unlike traditional turbine generators that rely on rare earth magnets and copper coils – resources controlled by China and increasingly scarce – Time to Act’s generators use commonplace iron magnets and aluminium coils. The technology, initially developed in Middlesbrough, is expected to attract customers worldwide, commencing with its recent contract win in the United States.
Despite being a small enterprise, Time to Act has recently secured a listing on the AQSE exchange to fuel its future growth. Impressively, the company is already profitable and is projected to double its sales to £2.4 million in the current financial year.
It is apparent that Time to Act, proudly headquartered on Teesside, is a specialist in engineering set to play a pivotal role in the global transition from fossil fuels to sustainable energy. With its shares valued at 50p each, this underdog is certainly worthy of closer examination for potential investors.
For those considering investment in Time to Act, the company is traded on the AQSE under the ticker TTA. For further information, please visit their website at timetoactplc.com or contact them at 01642 967138.
This presents a significant opportunity to support a company that is not only on the brink of revolutionary technology in the renewable energy sector but is also contributing to the economic revitalisation of a historically significant industrial region.