Strategic and Operational Update
Melbourne, June 23, 2014 AEST (ABN Newswire) - Over the last trading day, there was a significant increase in the trading of shares in Clean TeQ Holdings Limited (
ASX:CLQ) (CLQ or Company) and the price at which those shares have been traded.
The CLQ Board and Management have ascertained that the likely cause of the increased interest in CLQ's shares is the very recent publication of new research / reports about the Company's progress and prospects.
Mr Cory Williams, Chief Executive Officer (CEO) of the Company commented:
"While the Company welcomes the interest in its shares, the Board is mindful that the recent publications may not be available to all existing and prospective shareholders. To make sure all information in the market about Clean TeQ is accurate, the Company has decided to take the present opportunity to file the accompanying presentation detailing its current strategy and operational progress. It is an updated summary of the information available in the market place concerning the Company. It supersedes all information previously released by the Company.'
The CLQ Board and Management wish to make specific reference to one matter - it has been widely reported that the Company is the preferred tenderer for a significant water treatment contract (for approximately $30M) in South East Asia. While that information is correct, CLQ shareholders and potential investors need to be aware that there has been a recent further delay in the project and, of the contract sum, the CLQ component is estimated to represent approximately 30% - 35% of that amount (with the remaining part of the contract sum being external costs for engineering, procurement and construction of the plant).
About Clean TeQ Holdings Limited
Clean TeQ Holdings Limited (ASX:CLQ) is a world leader in water treatment and resource recovery technology and the Australian leader in biological air purification. Clean TeQ develops technologies in-house and partners with leading technology suppliers worldwide.
The Company offers a range of business models to potential clients including licensing our technology, building and commissioning complete installations (both transportable and fixed), and building and operating installations in joint ventures, in return for a share of revenues generated through resources recovered. Clean TeQ will also acquire mining assets where its technologies can make exploitation of uneconomic ore bodies or re-processing of tailings profitable.
For more information about Clean TeQ please visit the Company's website
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