Ann: NewCO2Fuels signs agreements with two global, page-2

re: Ann: NewCO2Fuels signs agreements with tw... It's interesting to see the slightly different wording between what GER has released to the market and what was said in the JPost article.

GER made mention of 'one of the largest steel manufacturers in the world', but in the JPost article it is stated that they are dealing with 'the largest steel manufacturer in the world'.

Taking the latter as gospel it means that GER through NewCo2Fuels is now doing business with ArcelorMittal which is capitalised at a whopping $27 billion, not bad when you consider GER's tiny market cap of just $10.7 million!

If attracting the world's largest steel manufacturer wasn't enough they're also doing business with an engineering and
equipment supplier.

Should the demo and pilot plant be built in Belgium and an official agreement be solidified within a year as stated then the project should kick off in around 18 months' time. It is still very much long-term, but it shows the technology has attracted the attention of the biggest boys out there which is no small feat and shows the promise of the NewCO2Fuel technology that even the world's biggest companies are interested in trialing it.

In addition to the above, the agreement to collaborate with a global organisation focused on energy intensive equipment in order to attract a grant from the US Department of Energy is also promising. Especially so when you consider that if the products they trial together are proven to be successful they will integrate the two and take them to market.

The announcement from GER led with the heading 'NewCO2Fuels signs agreements with two global conglomerates'. ArcelorMittal appears to be one, but who is the other? Whoever it is we are likely talking about another very sizeable organisation with very deep pockets to provide whatever funding NewCO2Fuels and GER need to get their technology off the ground and commercialise it, and not just commercialise it but do it on a global scale to boot.

I'll be holding my shares in GER until the very end. This stock could do anything, but as the announcements keep piling up and as progress continues to be made whatever it does it is bound to be positive. The way things are going GER's current market cap of $10.7 million could be made to look totally ridiculous and a share price of $0.085 absurdly cheap a few years down the track.