"This persistent progress coupled with the fact that no...

"This persistent progress coupled with the fact that no fundamental flaws have been encountered with the AnaeCo™ System should be taken as a measure of successful technology development. The year has been dominated by commissioning activities at the Western Metropolitan Regional Council (“WMRC”) Project and right now we are making good headway with plant Ramp-up. We currently have two teams working on the project; a commissioning team and an operations team. As we make our way through the next phase of Ramp-up activity will gradually change with commissioning work receding and operations coming to the fore. This transition is already underway. AnaeCo’s goal is to become a provider of Advanced Waste Treatment solutions by applying the AnaeCo™ System. Evidenced by the completed WMRC Project, the Company’s engineering capability and intellectual property portfolio, the technology platform is well developed and primed for commercialisation. Business Development success this last year has been understandably modest given the protracted commissioning of the WMRC Project, and selection as a tenderer for the Shoalhaven Project in regional New South Wales is a very encouraging highlight. The Board maintains the strategy of preparing for a technology transfer and licensing business model and management is currently actively pursuing potential collaboration partners on a number of fronts. The next 3 to 6 months should prove to be interesting times, given a successful commencement to operations at the WMRC Project.

ALL GOOD imo