Dear Shareholders,
This is an important period for your company as we implement strategies to commercialise our valuable Coldry and Matmor technologies while evaluating other commercial opportunities.
We have recently achieved several important milestones that we believe will be critical to the future of your company:
- Confirmation of Monash Capital joint venture company ‘IMFAMA’s’ investments in ECT shares and projects
- Completion of Phase 1 of the Design For Tender (DFT) Program
- Sealing of the Australian Coldry Patent
- Acquisition of Coal Exploration Arrangements in Victoria via EL 5119
The ECT board has a policy of communicating with and informing shareholders of significant developments and has developed this Shareholder Update as one means of updating you. It is envisaged these will be provided quarterly.
We welcome your feedback on this communication and we look forward to providing a further update in coming months.
Michael Davies
Executive Chairman and Managing Director
The full update is available via download (PDF): Shareholder Update-June 2012
