http://www.abnnewswire.net/press/en/70816/Environmental_Clean_Tec...

http://www.abnnewswire.net/press/en/70816/Environmental_Clean_Technologies_Limited_(ASX:ESI)_Chairmans_Address_to_Shareholders_at_2011_Annual_General_Meeting.html

"Ladies and Gentlemen, this AGM is my first opportunity to meet many of you and I would like to introduce myself by giving you some background on me and my career. I was born in Ballarat and, whilst I now live in New South Wales, I am very much a Victorian. And I graduated from the Ballarat School of Mines as a Civil Engineer.

My first job was as a marketing engineer with Caterpillar, based at Tullamarine. Caterpillar is the largest mining and construction equipment supplier in the world and is more than twice the size of its nearest competitor. In the nine years I worked for Caterpillar, and in the fifteen years I worked for major Caterpillar dealers, I became involved with practically all of the major mining and energy projects in the Western Pacific.

I have also been involved in resource projects in Asia and Southern Africa and parts of the USA and South America. So I have worked in the mining services industry for more than 30 years and have a good and current knowledge of the mining and resources industries both in Australia and globally.

My involvement with ECT began in August 2010 when I entered into a Route to Market Agreement. I had developed a relationship with Sojitz Corporation of Japan, who are a large commodity trader, and wanted to interest them in selling Coldry to their large Asian customers.

What attracted me to the company was my belief that ECT had two very significant technologies in Coldry and MATMOR. Technologies, which in my view, have very large commercial potential.

ECT is a technology commercialisation company; so let's talk about its two core technologies.

Forgive me if you already know this, BUT;

Coldry is a brown coal or lignite de-watering and beneficiation process, which upgrades lignite into a black coal equivalent with similar or greater heating value when compared with other Australian thermal coals.

Coldry is a thermal coal and should be regarded as such.

Earlier, I mentioned the Sojitz Corporation of Japan. On my visit to Sojitz in July this year, they identified how they compare Coldry with other lignite de-watering technologies.

Their comparisons showed that Coldry:

- Has favourable product characteristics (that is high calorific value, low sulphur and low ash content)

- Has competitive CAPEX (not the highest or lowest)

- Has favourable OPEX (lower than most competing technologies)

- The Coldry process produces clean water (some others processes produce contaminated water)

They also commented that the Victorian lignite resource is world class and Australia has low sovereign risk.

It was pleasing to have expert opinion like this to confirm the advantages of Coldry over competing technologies.
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samfiodiving...

The next Q may be... WHAT exactly is Mikes "Route to Market Agreement"...

So...FACT is Chairman Mike Davies is incentivised...and btw Director Iain McEwin holds ~53m ESI and ~35m esio

New MD Ashley is incentivised...check his linkedin resume - the guy is meticulous.

Anyway...

tick tock...