Christmas came early for shareholders of Parkway Corporate Ltd (ASX:PWN) when the company announced a significant breakthrough for its transformational iBC water treatment platform.
CEO Bahay Ozcakmak believes the confirmed success of the iBC technology in processing Coal Seam Gas brines at its recently commissioned plant in Queensland provides the validation
the platform was seeking.
The next move will be to escalate the technology to an industrial scale.
It may be the Easter Bunny who arrives early with further upcoming positive news.
Parkway was awarded a material contract by Shell Oil Company satellite QGC in April for a feasibility study based on the iBC platform.
The results of the study, which could open up entry to the U.S. market, are in March.