Replies to post #97048 on Plastic2Oil Inc (PTOI)

[Justice37]

NTIC have nothing in North America and they don't own the machines it seems they sell them. The three machines are not in North America, two machines in Thailand and one in India. I don't think there is direct competition with JBI just yet.

Polymer Energy LLC had immaterial activity in fiscal 2010 and fiscal 2009 and is not fully consolidated on NTIC’s consolidated financial statements.

NTIC, through Polymer Energy LLC, a joint venture in which NTIC has a 62.5% ownership interest has an exclusive license to market the technology in countries in Asia and North America. As August 31, 2010, Polymer Energy LLC had installed two units in Thailand and one in India.

So I take it these were installed pre-2009.

http://files.shareholder.com/downloads/NTIC/1198174354x0x425097/46E6EEB8-387A-4BCE-A8F1-DCD62C446137/2010AnnualReport_Email.pdf