Defkalion CEO: Entering the Toronto Stock Exchange This Year

Many thanks to an ECW reader who forwarded me a link to an article in the Greek magazine Tovima. The article is behind a paywall, so I am not able to post much of it here, (and it was written in Greek, so Google Translate has to be taken into consideration) but there are a few interesting points that I will pick out.

The title of the article is “The return of Defkalion” and the journalist who wrote the article, Kafantaris Tasos, visited DGT’s CEO Alex Xanthoulis in an office in Athens, Greece. Xanthoulis explained that he has moved back to Greece, but the Vancouver presence remains in place. In Greece there will be a manufacturing of engines for ships and desalination plants (non-profit enterprise)

Xanthoulis states that there are business partnerships in place which are for now confidential. When asked what the next step was, the CEO stated that scientifically it would be “optimization of the model”. In business terms it would be entry onto the Toronto Stock Exchange which they think they can join after October 15th. This will be followed by a ‘roadshow’ to promote the stock. As part of the registration of the stock they will have to disclose the partners — this should happen in October.

In other Defkalion news, and somewhat in contrast to the above, the Italian site NextMe has spoken to Franco Cappiello, CEO of Defkalion Europe regarding the controversy over undisclosed discrepancies uncovered in recent testing of the Hyperion reactor. Cappiello states:

“I have made ​​some measurements while streaming video ICCF-18 that have highlighted some inconsistencies measurement, subsequent tests have further confirmed these inconsistencies – the statement – In light of these inconsistencies have been suspended all trade negotiations and were put aware of all potential users of the technology of inconsistencies”

Cappiello says that new testing is scheduled for September to try and get to the bottom of the issue.

It looks like there will be plenty of things to watch out for with regards to Defkalion over the next few months.

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