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Tuesday, October 04, 2016 11:49:56 AM
While most likely not getting the EU grant, Mantra announces Aug 25th 2016 that they are short listed for possible funding from a Dept of the US government.
While the working space is small."As Mantra awaits the result of this and other funding applications, the company has moved into a new facility. The new location is fully equipped for the company to execute the projects applied for."
"The company further announced it's participation in the BC government's recent announcement of the Climate Leadership Plan. Mantra was one of a small number of companies invited to attend the announcement, which promises support for beneficial climate initiatives and technologies like Mantra's ERC and MRFC. "
Canada goal 2050
https://climate.gov.bc.ca/wp-content/uploads/sites/13/2016/06/4030_CLP_Booklet_web.pdf
AS far as GE relationship news, per Alstom(now GE)/Mantra agreement GE control all if any news that is allowed to be released. As of the recent 10K THE GE/Mantra agreement is currently in effect. Therefore the pilot plants are still on the table.
I agree there is absolutely nothing happening to get excited about today, but until the doors closes and the collaborators and governments lose interest the potential remains. While market cap has been reduced to nothing, technology wise the company is worth far more than it was when it was at 70 cents a share, that a fact with more patents and more products in development (MFRC, Energy Storage, and possibly ERC used in desalination.
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