This stock was recently brought to my attention so I did a bit of research. Company listed asx in 2002. Involved in water treatment technology Phoslock. It has a manufacturing plant in Brisbane and has set up a JV plant in China. The technology was developed over 30 years of R&D work. Phoslock will also be produced in granulate form and will be distributed to retail outlets, like Bunnings, etc. Has current contracts licence with governments. Sound promising. Price has been trending up. Go to asx and read announcements
IMT Holdings Ltd has
granted the government-owned SEQWater a sub-licence to use Phoslock in
the water bodies under its management.
These primarily comprise Wivenhoe, Somerset and North Pine Dams.
The first application of Phoslock will take place in a small
tributary of Wivenhoe Dam.
The treatment will permit SEQWater and IMT's Australian
licencee, ECOWISE Environmental Pty Ltd, to undertake an extensive
scientific review before extending treatment on a broader scale.
IMT will manufacture and supply the Phoslock from its facility
in Brisbane.
SEQWater, is the major supplier of untreated water in bulk to
local governments and industries in the southeast Queensland region.
IMH
imt holdings limited
