“Since our last Newsletter, we have successfully passed a significant milestone in our European LEILAC Project, with the project consortium unanimously voting to proceed to the next stage of the project – Detailed Engineering, Procurement and Construction. The success of the project to date is a testament to both Calix’s core technology, and the Calix-led LEILAC team. Our next key milestone is commissioning the pilot facility, targeted for late 2018, and the intervening period will be a busy time as the pieces of the pilot plant are put together on the HeidelbergCement site in Lixhe, Belgium.
I am also very pleased to announce the launch of a global search for a licensing partner, or partners, for our BOOSTER-Mag™ agricultural spray. Having spent over 3 years researching and developing the product, we are excited by its potential for safe, environmentally friendly crop protection and yield improvement, and are looking for an established agricultural business or businesses to help take it to market. If the interest generated by our recent presentation on BOOSTER-Mag™ efficacy at the European Bio-pesticide conference is anything to go by, our BOOSTER-Mag™ licensing strategy is off to a great start.
Our progress in application technology for our PROTECTA-Mag™ product is also featured in our R&D update. Having signed 3 applications partners across eastern Australia, and with 3 more potentially coming on-board covering southern and western Australia and New Zealand, the growth in our asset protection business over the last two quarters has been exceptional. Our relentless R&D focus on better ways to apply our novel products will keep us, and our new partners, well ahead of any competition.
Our full year financial results are being finalised and still subject to audit, however all indications are that we have had another record year in sales revenue and EBITDA, after our previous record the year before. The Calix team look forward to building substantially on our performance this next financial year, and continue to be very excited by the huge potential of our technology in many new products and applications.”