the recent world expo in Shanghai was powered by wasabi's KC cycle technology the KC cycle takes heat from the steel and cement industries and the process generates 50% more electricity than conventional thermal power the recent capital raising in London will be used to ramp up development of the KC in China the technology is used under licencing deals with firms including engineering giant Siemens of Germany and Shanghai Senge New Energy for all Chinese applications Considering China plans to build 80 new airports in the next 5 years to deal with its massive growth one would expect the steel and cement industries to explode paving the way for an extremely bright future for wasabi wasabi will be the hot green stock for 2011
WAS Price at posting:
3.1¢ Sentiment: ST Buy Disclosure: Held
