With the recent dramatic changes in the global petroleum markets and at a time where the news is full of alternative fuel companies that have failed, our Company is growing. This has required both a dramatic internal change in focus as well as an external change in presentation of vision. Some of these changes have been easy, some hard, and some have gone unnoticed all together. Sure we have a new look, new logo, and in the next few weeks we will launch a new website, but the truly important changes have been internal.
Rather than focusing on a single product (GDiesel®) in a single market (Reno), we are focusing all of our attention on becoming a global technology and solutions provider. This not-so-subtle change in direction is based on the simple truth that the ClearRefining® technology platform can provide benefits to many products in many markets. We firmly believe that the true value of our Company lies in the technology and not in a single product. Needless to say, we are in no way abandoning GDiesel® or the years of positive technological proof-of-concept that we have undertaken. In fact, we are working hard to finalize the investment package to build a new state-of-the-art GDiesel® facility in Southern Nevada and a second sister facility in Montreal, Canada. We are also working with several world-renowned companies on upgrading our equipment, process, and process controls. At the same time, the Company has been approached by national and international fuel companies who wish to explore the efficacy of the ClearRefining® Technology on their various fuel products. Recently we signed a development agreement with one of these companies in the Netherlands.
In the last two months we have rebranded, shifted mindsets, further reduced costs and proved that although smaller in size, we are stronger than we have ever been.