"December 05 , 2008 Technology Licence Agreement for China National Gas Tank Project Entertainment Media & Telecoms Corporation Limited (ETC) is pleased to announce the Technology Licence Agreement (TLA) to supply the NexCode Security Suite for the China National Gas Tank Project for the General Administration of Quality Supervision, Inspection and Quarantine [AQSIQ] of the People's Republic of China is now unconditional.
Under the terms of the TLA, ETC will provide its unique award winning technology for the purpose of customer authentication for the China National Gas Tank Project for an initial five-year period, with an option for an additional five-year extension.
It is estimated that there will be 150 to 220 million individual purchasers of gas cylinders in the People's Republic of China over the next five years and every customer will be required to have an identification card which bears the NexCode technology."
5 years is but a year away :)
Unfortunately I can't post what I really think is going on either and IT IS ACTUALLY VERY EASY TO PROVE IT - not that I have, and in no way am I implying any wrongdoing in the part of the company, but in my most humble opinion they got taken for a ride and it's about time they admitted to it.
For threat of legal action, hotcopper doesn't allow us to call this company for what it really is... Personally, I don't give a toss, I've been threatened twice with legal action and in both cases I'm still waiting for the piece of paper to appear on my desk... they're not forthcoming and never will be... I would love to have a day in court with this mob.
NBS Price at posting:
9.3¢ Sentiment: Sell Disclosure: Not Held