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Broadband infrastructure at ten times the speed and a third of the cost.
AJ Lucas strengthens trenchless technology leadership through JV with Groupe Marais SA
World leader in trenchless technology, AJ Lucas Group Limited, has agreed with French engineering company, Groupe
Marais SA, to form an Australian joint venture company to exploit Marais’ innovative one-pass, mechanised trenchless
technology for installing telecommunications and energy networks.
Marais’ proven technology has already installed over 20,000 kms of telecommunications, electrical and gas networks
during the past five years.
Developed in France and protected by world wide patents, Marais produces a range of trenchless technology and
installation systems which are, on average, ten times faster than traditional open-cut installation methods and less
than one third the cost.
The joint venture company, Marais-Lucas Technologies Pty Limited, intends to offer Marais’ network installation
technologies to the Australasian market; with particular reference to the proposed broadband roll-out proposed by
the Australian government. The company will rent out machinery, engage in total service contracting solutions as
well as partner in concessions for construction and operation of local loops.
Combining Lucas’ proven project management, linear installation (pipeline) experience and trenchless technology
with Marais’ mechanised systems and telecoms expertise, will introduce to the Australian market a skill set and
equipment base which is unmatched by any other.
Marais-Lucas will offer this expertise to those involved in the upcoming broadband roll-out. Initial estimates indicate
a requirement for more than 100,000 kilometres of trench – which, using a trenchless Marais-Lucas solution is not
only quicker and cheaper but more environmentally sound with less disturbance to local communities.
Allan Campbell, CEO of Lucas said:
“While broadband speeds have steadily increased, traditional cable installation has barely changed. With
Australia planning a network that needs many tens of thousands of kilometres of fibre, we looked at
technologies around the world, and Marais' patented systems were the standout winners.
We're very pleased we've been able to form a partnership with them to bring this technology to Australia.
With the broadband roll-out due to commence next year, we believe the timing is perfect.
“We intend to demonstrate this technology at a field day in October 2008 and expect a great deal of
interest.”
The new company will be based at Lucas’ headquarters in Ryde and will commence operations immediately.
For further information, please contact:
Allan Campbell
Chairman and CEO
Chart looks really good doesn't it.
IMO I see a pennant forming with some good volume and the MACD looking great!
Probably a real buy....if I had any money
Goodluck to those that hold.
I'm someone who leans more toward the fundamental than the technical. There are lots of good things about AJ Lucas. Its CSG drilling services are definitely in place at the right time. In its recent annual presentation it used a phrase something like 'now is the time to separate our CSG assetts to realise value and avoid perceived conflict of interest with drilling customers' I've read other posts saying that when this happens the true value of AJL will be revealed. I dont know when the 'now' mentioned above will be, but I'm looking foward to it. We have held these now for about 4 years from unloved dog to market darling
any thoughts?
Did anyone else catch the announcement on the 9th of Oct by Molopo in regards to PEL 285, which is AJL 70%, MPO 30%. Molopo states "that in recent months Molopo has received several unsolicited expressions of interest by parties wishing to either acquire or assist in the development of it's interest in the Gloucester Basin."
What are people's thoughts on this? Is AJL infact receiving the same offer or could they quite possibly be one of the parties interested to acquire?
Also on another note, within the AJL Buyback announcement on the 9th of Oct it states "The Company has also secured several pipeline contracts
and is at present negotiating further significant work." But for some reason there has been no individual announcements regarding these pipeline contracts.
basically... todays market capital of $285M - seems ridiculously low when you consider that these guys have juat pulled in $259M cash.... some of which will go towards retiring debt - (not sure how much exactly??..... anybody know / remember?) -
-D
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