ECT management is continuing discussions with a number of...

ECT management is continuing discussions with a number of parties, some of whom have coal to oil technologies.

ECT can enter the global market in one of three ways:

1. Produce the Coldry product and export to black coal power stations as a black coal substitute and/or to brown coal power stations to reduce their fuel costs and emissions.
2. Make the technology available to companies that wish to build a Coldry plant next to an existing lignite mine.
3. Enter into a joint venture with energy companies.

If ECT licenses the technology, there is the potential to produce around 50M tonnes of Coldry with a royalty value of at least A$100M/year based on just 5% market penetration (9 power stations), Mr Galtos said.

Looks VERY close for (huge) revenue.

Hope this helps.

T.