Here are a couple of question put to the managing director of ECT:
1. From the large capital raising it seems that ECT are fast tracking the upgrade to the existing pilot plant, do you believe revenue will be generated this financial year from the sale of Coldry pellets? [Con Galtos] The upgrade of the Coldry Plant was finished some time ago and the production run was also completed satisfactorily. These matters were reported to the ASX. The capital raising has secured the company and its prudent operation for the period that it will take to generate income.
2. The push to commercialise the Matmor process seems to have been placed on hold while ECT concentrate on Coldry, have there been some developments in commercialising Matmor?[Con Galtos] The Matmor process deals with high temperatures (up to 1400 degrees) and requires a very careful process. It is a revolutionary and very important process. We have to give our people every chance to finalise the commissioning of the scaled up plant. One has to keep in mind that we have gone from the 6-10kgs bench testing to a 600kgs continues process. This is a very big step up in a very serious technological development.
3. Is the company participating in th Clean Coal Asia 2007 Conference? [Con Galtos] We participated in the one that was held in Melbourne earlier this year. We do not intend to participate in the Asia Conference due to scarce resources. Our people are committed to the commercialisation of Coldry and we have more than enough leads that are currently being followed..
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