Aussie Tech enters Indian Market

Not only will Coldry & Matmor provide global opportunities for ECT, but the adoption of these technologies will allow the ability for NLC and NMDC to expand their own operations and markets locally and globally.

It shouldn't be forgotten that NLC & NMDC need ECT as much as we need them!! The intangible assets we bring to the table are significant to Modi's "Make In India" policy.

Relevant extracts from the link below http://www.business-standard.com/ar...ite-enters-steel-industry-116011900866_1.html

"Scale R&D Integrated Plant at Neyveli for Coldry-Matmor process will get a value added product using lignite and iron ore, said NLC" a value added product that is a disruptive technology in a trending market where clean environmental products are highly attractive.

"Scope of the study includes ECT to share the technology of Integrated MATMOR WITH NMDC & NLC and to oversee the execution of the project at every stage. NMDC to supply the iron ore suitable for the process, while NLC to supply lgnite, space and other infrastructures." My fear has always been that our two intangible assets will be transferred out to ECT India which will only allow ECT Aus a 1/3 interest. The ability for us to maintain 100% ownership of these two technologies will allow us to generate royalty/license fees, potentially from ECT India, as well as increase the value of these intangible assets through a global commercialisation roll out plan. ECT Australia maximisation of value!!

We now await the release of the TPA details as well as media coverage and photos of the Signing Ceremony!! What will follow will be something truly worth waiting for to unfold!

GLTA. BANG ESI!