AGM Part 1 - HOT Off the PressJust came back from the AGM. Had to leave before the close but I am sure that Matchbox will be able to do AGM Part 2.
After the business formalities and the recognition of Officers, Employees, Family Members and Stock Holders for all the perseverance and hard work were done, Tom Hinke made his presentation. Here is my interpretation via the notes I was taking:
With the current alliance with Honeywell Canada and market conditions for Environemental products the stage is now set for long term growth and planning. We are now entering into an accelerated growth of the business, things are moving quickly both on the management side of the business and the technology side of the business and more to come.
The pulp and paper market is a key strategic market for TMG and they intend to grow it with Honeywell.
There are a lot of requests both from current contacts and Honeywell contacts in the VOC area.
The Low NOx technology is starting out in the US. Their current power generation methods which mainly depends on coal represent a great opportunity for TMG. TMG is actively seeking similar alliances in the US to accelerate their presence in this market place.
TMG has begun its evolution in trying to become one of the major player in this industry.
The NR today represents a good example of things to come, it's a significant and strategic project. You can expect more good news in the very near future.
Other issues helping TMG's business plan, the increase in oil prices, government hard deadlines on environemental controls, the recent EPA win, the proposal of tax incentives for pollution control mentionned by the environment minister in Vancouver (it reads like a statement straight out of TMG play book!)
Environment compliance and energy conservation are hot issues nowadays and that's where TMG comes in.
TMG's ROI has so far been 25%/year.
Recent development for reusable energy might further help TMG as TMG might qualify as an allowed investment for flow through shares.
About the Honeywell alliance, Tom Hinke and Peter Grabner (Honeywell), have seen a lot of each other lately.They make joint presentations together (they actually went through the presentation for us) on the benefit of the technology and the alliance. Honeywell offers the stability and performance guarantees to each project, they provide the capital infra-structure.
Basically Honeywell enters into a utility services agreement with theit customers guaranteeing the same utility bill under a new capital infra-structure, this way they are not competing against other projects for internal assets.
A question was asked about extending the technology into Japan. Although interested, they would prefer to establish a solid base in North America before tackling the world.
At this point I had to leave... I'll leave it up to Matchbox to recap.
Gates
P.S.: See you at NSS meeting Matchbox. Sorry I did not introduce myself, I was the one closest to the door wearing a black Goulbourn RAMS jacket.