A message from our CEO

As we reflect on the past year, I want to share with you our positive trajectory at Phoslock Environmental Technologies. Our decision to retain the company has been validated by enthusiastic support from our shareholders and from longstanding and new customers globally.

We are continuing to leverage our proprietary technology Phoslock to remediating water bodies worldwide, restoring them to their natural, healthy states.

I am pleased to report that in the 2023 annual report released in September the company was able to declare it was back to being a “going concern” with the new board committed to making the company profitable and cash flow positive. We retain a strong cash position.

Cash flow has improved in each of the last two quarters and we are now nearing cash flow breakeven. This achievement reflects the effectiveness of our various initiatives and underscores the hard work and dedication of our talented team. Their commitment positions us well for future stability and growth.

To further enhance and support our growth capabilities, we have now established an R&D team dedicated to improving existing technologies and developing new solutions. This team will also provide global support to our GMs, their teams and clients, ensuring we continue to lead the way in sustainable water remediation.

These advancements position us strongly for the future. With a growing demand for effective environmental solutions, we are poised to expand our impact and drive significant growth in the years to come.

Thank you for your continued trust and support.

Sincerely,

Graeme Newing
CEO, Phoslock Environmental Technologies