Ann: EMC Local Energy and Microgrids Conference-CWE.AX, page-3

The question that needs to be asked is, what is it that each company saw in the other to make them want to buy into each other and form this strategic alliance?

Perhaps it was this:

CWE does not currently have any cash-flow, (not counting royalties). EMC has built a number of projects that would be generating income.

CWE by buying a 35% stake in EMC, allows them to indirectly tap into this income stream. It also increases their reach into a much broader spread of projects that could be anywhere in the world.

EMC on the other hand, being only relatively new on the scene may see CWE as a vehicle to access the global market in projects much larger and more complex than what they have done in the past.

CWE has many more years of experience dealing with governments, planning authorities and grant entities.