OTCPK:GNOLF - Post by User
Post by
peterap2001on Jul 05, 2011 9:32am
804 Views
Post# 18795744
20-F filed
20-F filedhttps://sec.gov/Archives/edgar/data/1261002/000126100211000004/0001261002-11-000004-index.htm
Go check it out. I have only skimmed it so far.
Some tidbits:
With regard to the chinese ports: "To speed up the final implementation of these projects, Genoil expects to have at least one unit installed in the near future to demonstrate the efficiency of Genoil’s equipment at eliminating oil from the water in a ship’s bilge, and return clean water back to the waterway. This unit will beproduced by Genoil’s manufacturing partner DongHwa Entec Co., Ltd." That's good, since nothing has even been mentioned for a year.
With regard to Crystal Sea: "Genoil is partnering with a Canadian testing advisor to the cruise ship and ferry industries in order to set up testing agreements with various ship owners. Genoil has also partnered with international agents and a manufacturer to roll out the Crystal technology for ports in Asia, Middle East and other areas. As the oily water separator market is a mature market with several well-known and established companies who dominate sales, Genoil believes future testing agreements will help overcome the challenge.
Genoil continues to work on oil water separation technology for the VLCC (Very Large Crude Carriers) and is making adjustments to the Crystal test unit to meet required specifications."