Eqtec Share Discussion Threads

[davidblack] 05/10/2020 08:09

So a sort of:

“You pay for our due diligence on you“ deal.

Is this normal?

[m4rtinu] 05/10/2020 08:06

Wood partner actually looks quite promising. If i have got the right DS Mena? They appear to produce plastic!! Poacher to gsmekeeper?

[stevea171] 05/10/2020 08:04

This HoT's for a Potential Strategic Collaboration with Wood Group should see the company get out of 1st gear and up to 3rd! Wood has scale, contacts and funds that will accelerate the roll out of EQT technology in the UK, mid East, Asia and elsewhere.

Wood case studies:



This paves the way for EQT to be involved in bidding for projects on a turnkey basis with an extremely experienced and respected Industrial Construction company.

Wood group bought out AMEC Foster Wheeler for over £2 Billion.

60k employees.

[m4rtinu] 05/10/2020 07:56

Is this the Delta Source we are teaming up with?

[stevea171] 05/10/2020 07:28

RNS Number : 0253B
5 October 2020
EQTEC PLC

AWARD TO WOOD FOR AN INDEPENDENT TECHNOLOGY AND MARKET REVIEW

HEADS OF TERMS FOR A POTENTIAL STRATEGIC COLLABORATION

EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for waste-to-energy projects, is pleased to announce that, following a comprehensive tendering process, it has awarded an independent technology and market review to Wood Group UK Limited ("Wood"). The Company has also signed non-binding heads of terms with Wood and Deltasource (Middle East Branch) ("DS MENA") (the "Heads of Terms"), with the intent of entering into a non-exclusive strategic collaboration to help ensure the effective deployment of EQTEC technology into the global energy-to-waste sector. EQTEC has selected DS MENA, an integrated investor and multi-discipline advisory partner engaged in the capital development and operation of energy assets, to provide an effective tripartite approach, jointly with EQTEC and Wood, to source, develop, structure and de-risk future potential projects using EQTEC's technology.

Highlights

· Following a comprehensive tendering process with many of the leading global engineering players, EQTEC has awarded Wood, a global engineering and consultancy company, a contract for an independent technology review and market review.

· The scope of work for Wood comprises an independent review of EQTEC's advanced gasification technology with key focus on the Group's 6 MW power plant in Movialsa, Spain, that has continued to operate successfully for over nine years with over 125,000 independently audited hours of operation, and its application to a wide range of mixed waste fuels. In conjunction, Wood will also be completing a market review, assessing the potential for the effective market penetration of EQTEC's waste gasification technology solutions considering waste type, availability, regional policies and regulations and capital cost comparisons. These two reviews are expected to be completed during Q4 2020 and the Company will make a further announcement at the appropriate time.

· Pursuant to the Heads of Terms, EQTEC, Wood and DS MENA have agreed to enter into discussions scoping the details of the potential agreement to collaborate in a structured manner and share potential benefits as new developer consortiums progress technical feasibility studies through to full project definition, final investment decision, and start up.

· EQTEC has an evolving business model that targets making effective use of this type of collaborative agreement, which helps to maintain a low internal cost base and a success-based collaboration that harnesses local and sector expertise and global reach and aligns interests to help ensure maximum value is delivered.

· EQTEC expects that a collaborative agreement such as the one envisaged would help ensure that the Group will be in a strengthened position for entering potential future projects at the equity level with an enhanced knowledge of the financial and non-financial risks of each potential project and the return on equity expectations for EQTEC shareholders and wider stakeholders.

· Wood has a long standing waste-to-energy capability and will develop clarity of potential applications of EQTEC's technology. Engagement with EQTEC and other technology companies allows Wood's experts to be better informed when engaging with clients, while supporting the development of technologies and projects which will drive the energy transition.

· The team at DS MENA brings deep knowledge of the full spectrum of elements that impact the commercial, funding and execution ability of energy project developments that embrace the transition to a cleaner, lower carbon and more sustainable energy economy. DS MENA is also expected to provide an efficient channel for Middle East project opportunities and local partnerships through one of its local associated companies, DS MENA LLC.

David Palumbo, CEO of EQTEC, commented:

"I am delighted that EQTEC has appointed industry leader Wood to complete the independent technology and market review and signed a heads of terms to explore the potential for future collaboration, to help to accelerate bringing EQTEC's advanced gasification technology to waste to energy projects across the globe. Through partnerships like these, EQTEC would be efficiently leveraging one of the largest and most respected global engineering players to improve significantly the knowledge and exposure of EQTEC's technology to international businesses and accelerate the global growth of its short and longer term pipeline of opportunities."

Carl Sykes, Energy Transition Director for Deltasource (Middle East Branch), commented:

"The award of this scope to Wood is the first step in an intended collaboration process that is expected to move significantly the dial with respect to the conversion of potential projects to profitable energy-to-waste assets in an environmentally friendly way. As specialist investors in and advisors to the natural resource and energy sectors, we are highly sensitive to the various factors that underpin an investable project, a robust plan, a predicable execution and safe, low carbon, sustainable and profitable asset operation. We will also bring intimate knowledge of the Middle East landscape and local energy market dynamics."

[m4rtinu] 05/10/2020 07:27

And we need a project to emerge from the pipeline and out of the tap!!

[m4rtinu] 05/10/2020 07:24

Gut reaction: how much will review by Wood cost? How much will it benefit Eqtec?

[rogerramjett] 05/10/2020 07:18

gspanner. My thoughts exactly. This will be fruitful for EQT in areas and regions of the world which have not yet been explored.

Seems the Asian market is ripe and an area in which EQT in partnership with Wood will be looking to penetrate in the EfW gasification.

That project pipeline will be huge next year.

[gspanner] 05/10/2020 07:13

Hmm very interesting, Wood are a big oil/gas/energy engineering infrastructure company.

60k employees.

[phil mcavity] 03/10/2020 18:31

Nice illustration Skinny .
Would you suggest that this is now on target for c. 80p short term ?

[juju44] 03/10/2020 14:17

Yep , oversold condition unwinding and rise should have more to go

[skinny] 03/10/2020 11:39

Chart update :-

[rogerramjett] 03/10/2020 11:26

I will be adding here next week. I thought it would slip back after the interim. I called that one wrong. Have added 1.5m since.

Sold out of SAE yesterday and going to distribute the capital here and Verditek. Keeping a few Ks spare to benefit from any further pull backs.

12.5m was a big buy. I believe it was for the guys SIPP.

[shareman1111] 03/10/2020 09:10

12.5m buy was a guy who sold out of NCYT

[city chappy] 02/10/2020 23:34

sharetalk- any chance you could create an equally informative discussion board for Zoetic - ZOE, which could really take off. Thanks.

[bmnsa] 02/10/2020 21:19

.56 paid at the bell then they drop the price down at close.
Looking good for Monday open.

[phil mcavity] 02/10/2020 18:21

Yes , 12.5 million buy showing .
I wonder if he lives in Billingham ;)
I`m not in that league , but I did top up with a few more today .
GLA .

[gottopickapocketortwo] 02/10/2020 15:55

A poster on lse has mentioned they have purchased 70000 GBP this pm probably accounts for the slight tick up from negative. Will show later no doubt

[tewkesbury] 02/10/2020 10:12

Grabbed a few more.

[skinny] 01/10/2020 14:25

Indicators largely moving positive, 0.60p should be achievable short term.

.


free stock charts from uk.advfn.com

[davidblack] 01/10/2020 14:16

There appears to be a buyer on the bid at 0.54p cleaning up every sale.
This stock is going to get very tight on good news.

[gspanner] 01/10/2020 12:01

I guess having fallen out of the range resistance at .63/4ish