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Environmental Clean Technologies Limited ( (AU:ECT) ) has shared an update.
Environmental Clean Technologies Limited has announced a significant acquisition of Terrajoule, securing exclusive rights to Rice University’s Flash Joule Heating technology for remediating soil contaminated with PFAS and heavy metals. This acquisition is part of ECT’s strategy to diversify its portfolio with disruptive technologies, aiming to enhance its market position and offer innovative environmental solutions. The company has also raised $3 million through a share placement to support this strategic expansion. Additionally, a leadership change was announced with Faldi Ismail appointed as Executive Chairman following the resignation of CEO John Tranfield.
More about Environmental Clean Technologies Limited
Environmental Clean Technologies Limited operates in the clean technology industry, focusing on developing innovative solutions for environmental remediation. The company is engaged in the advancement of high-impact, disruptive technologies, including its patented COLDry technology for creating fertiliser products and the newly acquired Flash Joule Heating (FJH) technology for soil remediation.
Average Trading Volume: 1,056,577
Technical Sentiment Signal: Sell
Current Market Cap: A$27.6M
For detailed information about ECT stock, go to TipRanks’ Stock Analysis page.