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Re: Dallas77 post# 91292

Sunday, 11/24/2013 10:36:51 AM

Sunday, November 24, 2013 10:36:51 AM

Post# of 148335
Theres more to the contract then what we know I think. 800k for adapting the technology and they get to be "PVECs sole distributer of services in Shanghai the next ten years". I see that as its not only the rights to sell the water technology. Think of all the services PVE can offer ships going through shanghai??? And TNKE has a good stand in china. Thinking back to their deal with EWSI they gave them 800k. The best part for both sides in TNKE got the water and waste technology to sell and even could use EWSI brand and EWSI was able to further business by entering china. Who is getting big on the whole water and effiency kinda thing. The new technology saves fuel consumption....hmmm how much can fuel savings really save a company for a ship?? well you can find that out from Peters previous and accomplished work. "? Directed technical team that executed a propeller retrofit project by integrating a Rolls Royce propeller
which drove propeller efficiency performance for Glory. Project provided the vessel with a 8% fuel savings,
representing $1m per vessel per year'. Now how many ships go through Shanghai?

The port handles more than 2000 container ships per month
There are currently 169 ships headed for Shanghai and 270 in port
(numbers over a year old but you get the point)

This contract with TNKE is what I am most excited about. They are going to bring in cash, just watch.