AUDIO: Hydrotech International Limited (ASX:HTI) - December Quarterly Activities Report - Mr David Ledger, Executive Director
Sydney, Feb 1, 2008 (ABN Newswire) - Hydrotech International Limited (ASX: HTI) - During the period from October to the end of December, the Company has continued its strategies in Europe and Asia. The Christmas holiday period saw the building sector in the UK close until the 7th of January. During this time, Hydrotech prepared several tenders which are now with customers for their approval and further discussion if necessary.
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The R & D facility in Norway is now completely up and running. The engineers have been busy establishing several test experiments, which have been prepared as a result of enquiries from potential customers. In addition to the ongoing development of the MPS system (Multi Pulse Sequencing), we have been finalising the WET system (Water Extraction & Transfer). This system is under development as a solution to arid land that has a deep water table that can be accessed by WET. Furthermore the system allows 'brown field sites" to be developed as the WET system can move water from saturated land to allow developers to construct buildings and towns where that were not feasible before.
Patents are being prepared prior to launch of the system. We envisage that possibly as many as ten Patents will be applied for to protect this advanced technology. Once the Patent applications are submitted, Hydrotech R & D will publish detailed technical information to allow potential customers including developers, mining companies, water companies and government departments the opportunity to evaluate the system as a one stop solution to a problem that until now was almost impossible to solve. Further applications and control equipment is under development and more will be announced in the coming months.
Hydrotech Europe plc (HEP) has appointed a new Managing Director, Ms Bogusia Matushak-Varley. Bogusia has spent the last 20 years a management consultant and as an OFSTED inspector. She brings a very strong commercial skill base to HEP and to date we have seen a marked increase in time management and productivity. Bogusia is currently studying for her Phd in Management Consulting which will be completed next year.
About HYDROTECH INTERNATIONAL LIMITED
Hydrotech International Limited is a publicly listed company that has official quotation on the Australian Stock Exchange Limited. The company trades under the stock code of "HTI". Hydrotech owns 100% of the intellectual and commercial property rights to Electo-Osmotic technology and its own fully patented Multi Pulse Sequencing System. The company is a specialist design and installation supplier of proprietary technology and know-how in the area of prevention of water ingress into subterranean concrete and masonry structures. In other areas, such as water table protection, irrigation and oil retrieval, Hydrotech is presently developing solutions. The company operates in various jurisdictions under which it trades by way of its fully owned subsidiaries, Hydrotech (UK) Limited and Hydrotech (HK) Limited. These fully owned operating subsidiaries have expertise in civil engineering, architecture, electronics and project management.
Hydrotech commercialises its intellectual property by providing water ingress solutions to corporations that own structures requiring a reliable and highly sophisticated process to de-water them. Hydrotech is a registered company with offices in United Kingdom, Hong Kong and Australia.
