HGL's annual report identified a new subsidiary - ECOFIX Pty...

HGL's annual report identified a new subsidiary - ECOFIX Pty Ltd.

Might be another Hudson spin out soon.

They have established a website - http://ecofix.com.au/about.html

They engaged Dr Venkata Kambala a year (or so ago) to develop uses for their adsorbent materials. Ken Boundy was engaged a while back to head Hudsons new building materials interests, althought that was put on the back burner.

http://au.linkedin.com/pub/dr-venkata-kambala/30/709/741

Interesting that Hudsons ECOFIX is very similar in name to Germany's SGL Group's ECOPHIT, who have developed an eco friendly plasterboard that contains graphite - see below.

Given HRS/HGL's recent substantial holding (no longer) in AXE (graphite), could be they are looking to do something similair????

LML's (graphite) share register contains a couple of private companies (Tigermoth Investments Limited,Sakura Capital Ltd) + a few individuals, that are associated with HRS director Kit Foo Chye - the same ones that appeared on AXE's register before it was identified they were Hudson.

The product of SGL is certainly of great interest.

http://www.sglgroup.com/cms/international/innovation/ecotest_kg.html?__locale=en