Defkalion Update

There’s not much news here, but I have been trying to find out more about the current status of affairs at Defkalion Green Technology, so I recently wrote to them asking if they could provide an update. I asked specifically about whether they were still planning to list shares on the Toronto Stock Exchange, something that their CEO Alex Xanthoulis earlier this year mentioned could happen this month.

This is the response I received from Defkalion:

Dear Mr. Frank Acland,

In response to your email of the 23rd November 2013. We regret to inform you that due to our current reorganization of our R&D centers and the commissioning of a new reactor, we are not in a position to meet and or discuss anything
At this stage. However we should be ready once again to do so by mid January 2014. At that time you will be welcomed.

Thanking You
Best Regards

There’s no mention here of going public, and it’s unclear what is meant by the reorganization of the R&D centers. They have been operating out of Vancouver Canada, and have had a partnership with MOSE in Milan which they have referred to as Defkalion Europe, but this center froze business operations following some unspecified measurement issues earlier this year.

I will contact them again early next year to see if they can provide more information.