RESEARCH: Promising Cleantech Play, page-9

Not sure that Fozard agrees with you;

"As a result of the fire, the Company’s sales team has secured, and is continuing to source, alternative solid fuel for use in steam boiler applications. This has ensured the existing steam customer contract remains on-foot. Additionally, diversifying access to solid fuel supply has allowed for new trials to occur with other boiler customers who wish to consider biomass fuel as part of their fuel mix for generating steam from their boiler systems. The Company will provide further updates on the outcomes of these trials in due course. The Company has also launched its online point of sale that allows purchasers of solid fuel to place orders for the range of solid fuel that ECT currently available, including the future supply of Coldry following completion of the upgrades.

Chairman Glenn Fozard commented, “Notwithstanding we will have Coldry production down for at least 6 months, it’s important we prepare for the new production capacity and start taking orders. Additionally, our program of solid fuel diversification now gives us access to new product lines which allow us to make immediate sales and expand our market of boiler systems to include biomass.” Two new trials of biomass solid fuel used in utility steam boiler systems start this week, which if converted to ongoing contracts would be serviced by approximately 50 tonnes of solid fuel per week for which the Company has supply arrangements in place.

The above picture shows the packaging of the new retail product line. The Company currently holds supply stock of 800 bags equivalent with approximately 400 bags per week of ongoing supply. Negotiations have started with retailers for the distribution of this new product line.

Do you know something he doesn't?