Ann: Quarterly Activities & Cashflow Reports, page-56

Morning ThePig,

The differentiator for PWN is that it's a no cost option for the client. They are going to be sharing in the savings.

Lot's of other options for power savings/generation, waste reduction etc require the client to invest in the process or technology plant, usually via a PFS/DFS and then there is an investment decision that is decided by some executive committee.

With PWN, it's a no cost option for PWN and the client with the risk being taken on by our EPC partner who will have signed it off when they've seen the results of bench testing and then pilot testing.

The model PWN have established is just brilliant in that we don't need to raise capital for each plant. Other people/partners with lots more money than PWN will be doing the heavily lifting and PWN will collect the annuity/royalty. That means brine testing to D2B and collecting revenue has been reduced from years to months.

I like it, bring on the first client, then the second and so on..........

Mr M.