CBD 0.00% 1.1¢ cbd energy limited

my next huge tip

  1. 914 Posts.
    most of you would remember my spot on tips over the passed months. Here is the next one.....CBD. Just read this announcement. 1c next week easy.

    CBD ENERGY LIMITED
    DEVELOPMENT AGREEMENT WITH ONE OF HONG KONG’S LARGEST HVAC
    CONTRACTORS
    CBD’s wholly owned subsidiary, Ventronics (HK) Limited has executed a Development
    Agreement (DA) with Hong Kong based ATAL Engineering Limited (www.atal.com.hk).
    The purpose of the DA is to set out the terms by which the parties will work together to install
    Ventronics’ suite of energy saving products in ATAL’s large contract customer base in Hong
    Kong
    ATAL is an engineering contractor which assists public institutions, utilities companies,
    commercial developers as well as industrial and residential customers with the design,
    procurement, installation, operation and maintenance of heating, ventilation and air
    conditioning (HVAC), Electrical and Mechanical Services (E&M), lifts, escalators, fire
    services, Building Management Automation (BMA), water and waste water treatment
    systems.
    The parties have agreed on a preliminary list of buildings (with combined annual power bills
    of over $150,000,000 HK) which will be tested for their energy efficiency. Once testing is
    complete, energy saving proposals will be put jointly by Ventronics and ATAL to the
    customer.
    Chairman of CBD Energy Limited, Mr David Hood, says that “We are delighted to be
    working with ATAL, a respected name in HVAC contracting in Hong Kong. The customer
    base that ATAL has will compliment the existing prospects with whom Ventronics is working
    currently”.
    Executive Director of ATAL Engineering Limited, Mr John Collier, says that “We believe
    there is a real opportunity for the joint venture to generate significant energy savings for our
    customer base. Ventronics has demonstrated to us that they have the expertise to work with
    us to provide energy saving solutions, which is a natural extension of our relationship with
    our customers
    About CBD Energy Limited:
    CBD Energy Limited is a public company listed on the Australian Stock Exchange (ASX code:
    CBD). Its wholly owned operating subsidiary, Ventronics, has operations in both Australiaand Hong Kong. Ventronics is in the
    related outgoings whilst at the same
    through increased building amenity.
    www.ventronics.com.hk.
 
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