looming breakout on the cards, page-25

bello,

To add our earlier discussion, WAS signed a licensing agreement with SSNE back in February this year.

To give you an idea of where SSNE is operating and the size of the market check-out:

http://www.cementchina.net/news/shownews.asp?id=5018

A potential market > 10,000MW.

SSNE was one of the major sponsors of the conference this year and is also presenting next year. And they have chosen to use Kalina technology. This agreement makes ERJ's B&B deal look like a pre-schoolers homework.

Siemens has just built two plants using Kalina and is in the process of scaling up larger capacity plants.

It's funny how as investors we are often unnecessarily cautious - ie it seems better than ERJ, yet ERJ are worth more. The only difference is ERJ have spents months doing roadshows whereas WAS has been lining up the ducks.