Environmental Clean Technologies Limited
Mission : To reduce carbon emissions and environmental damage through investment and licensing of commercially practical, environmentally clean technologies and processes.
Matmor milestones extended under new agreement 01July 2009Environmental Clean Technologies Limited wishes to advise it has entered into an agreement with the controller of the Matmor technology (the Maddingley Group) to extend the milestones for the development and construction of the first Matmor plant to the end of 2014. This is important because the milestones need to be achieved to secure ECT's rights.
Under this extension agreement the Maddingley Group have agreed that the first plant is to be completed by 31 December 2014 and not 31 December 2011 as per the original milestones.
Chief Executive Kos Galtos said this extension strengthened the company's security over the technology and its global right to exploit Matmor "We have made significant process recently in the commercialisation of the Coldry technology" he said.
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Level 8 530 Little Collins Street Melbourne Victoria Australia 3000 p. 613 9684 0888 e. info@ectltd.com.au
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ECT finalises purchase of Coldry 29 June 2009Environmental Clean Technologies Limited wishes to advise it now owns the Coldry IP and is ready to bring this world-class technology to full commercialisation.
ECT today completed acquisition of all units in the Coldry Trust and shares in Maddingley Coldry as foreshadowed in the Notice of Meeting dated 4th March 2009.
ECT Chairman Dave Woodall confirmed that the agreed payments of $1 million cash, 55 million shares and 110 million options have now been made, making ECT and its subsidiaries the owners of the Coldry technology.
"We are now owners of the Coldry technology, which places us in a much stronger position to progress the numerous commercial opportunities in which we are engaged, including undertaking the detailed feasibility study and Coldry plant development announced on 22 June 2009," Mr Woodall said.
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