Fairfax I.S. PLC has completed a successful introduction to AIM through the placing of 11,904,762 shares in the Company at the placing price (the “Placing Price”) of 63 pence.

The Group is focused on commercialising clean technologies, such as renewable energy, waste recycling, emissions control, and air quality monitoring to benefit the global environment. The concept of clean technologies embraces a diverse range of technologies, services, and processes that are inherently designed to provide superior environmental performance at lower costs and greatly reduce or even eliminate adverse environmental impacts.

The Group seeks promising, early stage clean technologies with global opportunities from university or small private developers. The Group provides the necessary capital, management and technical skills and resources to assist in bringing these technologies to market. The Group invests in early-stage technology and in-licenses the technology together with rights to use and develop the Intellectual Property Rights (IPR). This gives the Group an investment in new technology when the cost of IPR is at a relatively low point and the potential investment return is relatively high. Nviro then drives the technology through an accelerated development programme to obtain marketable products, with the intention of optimising return on investment for shareholders. Market access can take a variety of forms including sales, service contracts, managed service agreements or out-licensing. The Group’s model includes risk minimisation measures, optimising time to market, maximising capital deployment efficiency and the potential return for shareholders.

The Directors have selected and In-licensed a portfolio of five technologies for their ability to solve significant global environmental issues cost effectively. Vertus RTP (“Vertus” or “RTP”) was selected as the primary technology, as it is believed by the Directors to have the greatest market potential.

Vertus RTP, the Group’s new coal reductive thermal process simultaneously eliminates many environmental problems and decreases the consumption rate of coal so that reserves can be extended. This pre-combustion technology separates fuel and non-fuel components of coal and biomass through a short exposure to an environment of elevated temperature and low oxygen pyrolysis. The equipment for performing RTP is simple to operate. A pilot plant in Europe has been operational for five years evaluating the impact of RTP on both coal and biomass.

In China, Vertus has formed a joint venture (“JV”) with Balama Prima Engineering Limited a Hong Kong affiliate of Newton Sino Group Limited to create Balama Nviro Limited. The JV is committed to place the first two Vertus RTP units in China, installing one in a biomass power generating site
and the other in a coal fired site.

The four follow-on projects are:

• Microrelease – MDF recycling technology


• Carbon Co-burner - Laser based ignition technology, enabling the firing of clean and energy efficient carbon powder


• Organotect - Field-portable Micro-fluidics plasma detection system allowing the rapid analysis of hazardous chemicals in the air


• Laseair - Clean air technology that utilises a low energy source to clean and decontaminate air

Listing Exchange: AIM
Listing Date: 06/08/2007
Gross Funds Raised: £7,500,000
Nominated Adviser: Grant Thornton Corporate Finance
Broker: Fairfax I.S. PLC