From Tincom Website.TINCOM TECHNOLOGY LICENSE AGREEMENT...

From Tincom Website.


TINCOM TECHNOLOGY LICENSE AGREEMENT COLDRY


Friday, 25/06/2010, senior executives of the Company Stock Investment Corporation and Thang Long Trade Co. Environmental Clean Technologies (ECT) - Australia was in Melbourne for the official signing of the agreement Coldry right technology, opening up opportunities for investment projects in Vietnam's largest total investment in Australia with an equivalent period of 93 million dollars.
Attended the ceremony were senior representatives of both companies, in particular, has witnessed the participation of the Minister of Planning and Investment Vo Hong Phuc and Trade Minister Simon Crean Federation Australia occasion parties Group two countries are planning joint committee meeting of Vietnam - Australia on economic cooperation and trade the 9th (JTECC) in Melbourne, Australia.


This agreement will allow joint ventures Coldry Victoria (a joint venture between the company stock investment corporations and trade with Thang Long Company ECT) export 2 million tons of brown coal processed in phase 1 start since 2014 and will increase to 20 million tonnes per annum during the next 10 years of the project.

This is the largest investment project ever between Australia and Vietnam Victoria and this project also opens opportunities to export brown coal reserves is abundant in Victoria, contributing to meeting energy needs Vietnam's growing.

By using the technology Coldry registered copyright brown coal will be separated to reduce the moisture content from 60% to 12%, as productive members, easily packed and transported, when burned for energy equivalent amount of carbon black, but the rate of CO2 emissions and less ash.

Speaking at the signing ceremony, Mr. Kos Galtos, chief executive of ECT for the license agreement that this technology is "a historic step" of ECT after more than two years of negotiations.

Mr Thang Van Luong, president of JSC Investment Corporation and Thang Long Trade said its revolutionary technology will help bring the supply of sustainable energy and environmentally friendly.

He added: "We project Coldry to support the development and expansion of power plants in Vietnam by providing a stable source of coal, coal quality is equivalent to many premium features more Vietnamese. In addition, we also aim to export coal to other markets such as China and other developing countries. "

Coldry coal production plant is expected to go into operation in 2014.