ECT (ASX:ESI) wishes to clarify tow aspects of its ASX Announcement Number 00878479 of 9 September 2008.
First, the statements regarding the commercial viability of Coldry pellets are not statements taken from the HRL Technology report. They are ESI’s interprestation of the results of HRL Technology’s analysis which was the subject of its report, the +/- 30% Preliminary Feasibility study produced by Arup (involving 3,500 hours of work), previously announced to the ASX on 31 July, and financial modelling tools produced with Deloitte.
Second, the statements regarding the burning efficiency of Coldy are not statements taken from the HRL Technology report but are based upon ESI’s own competitor analysis.
If you have any queries, please do not hesitate to contact the Chief Executive, Kos Galtos on +61 3 9909 7684.