annual report, page-4

Hmm ... not a shabby read at all.
They use no uncertain terms about how valuable Asia is to the growth of the business in the short term. Nothing much new or surprising in the story in general, but the report is all written in an extremely confident, go forward tone, which is nice to see confirmed again. They are also talking more about "shorter term" goals and success now too. Personally, I would guess they are well and truly up to something sizable in the background, but just aren't quite ready to tell the market about it until conclusions are totally clear.

(Fishhead, believe it or not, there is even a mention about demonstrations to utilities for "terrestrial applications" of NMS tech in the report; so it would appear that previous rumours about the Water Corp last week are correct?)