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We are a technology development and licensing company. We have developed
technology that converts waste plastic into ultra-clean, ultra-low sulphur fuel
products through our proprietary plastic-to-oil, or P2O, process. Previously,
our business model was the sale of fuel produced from our own P2O processors and
subsequently we sought to manufacture P2O processors for sale to commercial
customers. These prior experiences allowed the Company to hone and solidify its
technology, however, the capital requirements were significant. For this and
other reasons, management shifted its business strategy to technology
development and licensing model. We no longer produce and market fuel for sale
and no longer manufacture processors ourselves, instead we rely on third party
manufacturers.
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