Executive Summary
Nviro Cleantech was established in October 2005 with the objective of collecting together a number of technology projects in which Nviro Cleantech Limited would invest the necessary capital, management team and administrative resources to commercialise the technologies. Chosen technologies will have achieved laboratory scale proof of principle or be more advanced. The investment required for development must demonstrate the potential to generate significant incremental value through commercialisation to form the foundation of a business within a maximum of thirty six months from the initial investment. The objective is to develop each project to the point it is capable of being a self sustaining business and to select the most appropriate exit route for it. The technologies were sourced from small private developers and universities in the UK and Europe. Over a twelve month period a process of review of more than seventy technologies was undertaken by the Management Team working in conjunction with a core group of Project Consultants. The Management Team and Project Consultants have been chosen specifically for their experience in this sector. These technologies were considered against the Company's key criteria for successful selection. Eventually a short list of eight projects was compiled from which the current five technologies in the portfolio were selected. Vertus RTP was selected as the primary technology, which will be the focus of the Company's resources. The remainder of the portfolio will be progressed after Vertus RTP has achieved clear momentum in its business model. The Group will continue to provide management and technical support to projects as they mature, maintaining a small core management team and establishing each project as a subsidiary as commercialisation requires it. The portfolio includes technologies that have been known to the Management Team for a number of years and others that have been selected for their synergy with the other technologies. After selection the individual technologies were reviewed in detail to build, with their teams, a project development plan, IPR strategy and budgets together with resource requirements. The Group has in-licensed a portfolio of five technologies, as follows: Vertus Reductive Thermal Process - a technology used to substantially cleanse low quality coal and biomass to produce high-grade, anthracite like fuel. Microrelease - a technology used to recycle medium density fibre and particle board into a high quality reusable wood fibre. Carbon co-burner - a laser based ignition technology, enabling the firing of clean and energy…
