Could ETQ's share price be soon to benefit from their developments with the new UVGI Nightingale Mobile Air Filtration Product.

New UVGI air filtration product

In November 2002, the ETQ announced its new Nightingale UVGI air filtration product, to be produced by a new joint-venture company, UVGI Systems Limited, owned 55% by the Group and 45% by Suvair Limited. This rapid response mobile air filtration unit is capable of killing the MRSA super bug and other airborne pathogens.

The UVGI unit has widespread application where there is need to keep
air free of dangerous live bacteria, viruses, and fungal spores, including
hospitals, schools, cruise liners, aircraft, food processing, and military
applications.

The UVGI unit uses a high intensity Ultra Violet Germicidal Irradiation ('UVGI')
filter, which has been designed to control harmful and dangerous airborne
pathogens, such as Anthrax, Tuberculosis, and Staphylococcus aureus, the
causative agent in MRSA. The filtration system is combined with use of high
intensity Ultra Violet light, which inactivates micro organisms by disrupting
their DNA structure.

Tests of a prototype at the Defence Science Technology Laboratory ('Dstl') at
Porton Down, the centre for excellence for the Ministry of Defence, showed that
the UVGI unit captured and/or destroyed more than 99.9% of Bacillus subtilis
spores, a simulant for Anthrax bacteria.

Since November, second generation units have been developed, which will go on
applications testing at an NHS Trust Hospital in December 2003, following
building completion of its new haematology unit. It is also anticipated the
UVGI unit will shortly go on laboratory testing in the United States with
contractors nominated by the Department of Homeland Security.

Concern seems to be hotting up on the T.V. news that the MRSA super bug is still killing and disabling people visiting or as patients in NH Trust hospitals. It would be surprising if NH Trust hospital do not notice and Buy this product before they get to many expensive law suits for compensation claims.

Definitely a stock that could soon be heading north. Worth buying in but DYOR

L.

RELATED NEWS LINKS

Sky News Sun 28th Sept 03 - NEW ANTIBIOTICS WARNING
BBC World News Thurs 4th December 03 - Hospital infections: Case studies
BBC World News Fri 5th Dec 03 - 'Superbug' crackdown is launched
BBC World News Monday 22nd Dec 03 - Superbugs lurk in intensive care
Sky News Sun 14th Dec 03 - SUPERBUG CARRIED BY PETS
BBC World News Thurs 26th Feb 04 - Superbug deaths increase 15-fold
BBC World News Mon 22nd March 04 - MRSA superbug hits more children
BBC World News Fri 2nd April 04 - Superbug outbreak in cardiac ward
BBC World News Thurs 8th April 04 - NHS faces superbug legal claims
BBC World News Sun 6th June 04 - Government 'complacent' over MRSA
BBC World News Fri 18th June 04 - Superbug deaths 'set to double'
BBC World News Thurs 1st July 04 - Holland's tough line combats MRSA
BBC World News Thurs 1st July 04 - Overcrowded hospitals breed MRSA
ITV.com Fri 9th July 04 - Mother's MRSA nightmare
ITV.com Fri 9th July 04 - 'MRSA superbug has done this to me'
ITV.com Fri 9th July 04 - Precautions you can take against MRSA
Sky News Sun 11th July 04 - WAR DECLARED ON MRSA
BBC UK News Mon 12th July 04 - Drive to fight hospital superbugs

Weak Positive Candidate (Long term) - Jul 29, 2004
Shows a weak development within a falling trend channel. A further negative development is indicated, and there is resistance against the ceiling of the trend channel. Has reacted back after the break of the inverse head and shoulders formation. There is support around 3.79, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The stock has support at p 2.70 and resistance at p 11.20. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. Volume balance is also positive, which weakens the falling trend and could be an early signal for a coming trend break. Trading volume has increased substantially lately. This shows there is an increased interest for the stock, possibly because of fundamental news. The stock is overall assessed as technically slightly positive for the long term.

Below is the copy of the BUY note from Evolution Beeson Gregory (EVO) which came out yesterday who upgraded ETQ from add to outright BUY which also happened yesterday.


Energy Technique (ETQ) Buy (from Add)
Mkt cap: 8m Net cash: 1m Recommendation change Price: 5p
Set to hot up
Over the last week the share price has fallen by nearly 40%. Our
fundamental view of the business remains in tact and we are raising our
recommendation to a BUY.
On 7th July Energy Technique announced it had sold its first Nightingale air
filtration system in the US. Investors responded positively and the share
price doubled. Whilst we remain confident the shares remained good value
in the long term, the shares looked unlikely to perform in the short term.
Therefore, on 21st July we reduced our recommendation to Add. Since then
the shares have fallen c 40% and we once again see some short term upside
in the share price. As a consequence we are raising our recommendation
back to a BUY.
We anticipate share price movements over the coming months are likely to
be stimulated by news flow from either the branded distribution operation
or the air treatment division. Preliminary results showed the branded
distribution operation is now established and poised to move into
profitability during the current financial year. We would expect the
company to update the market on its progress at the AGM stage. However,
the largest potential upside resides within the air treatment side of the
business. As experienced earlier this month, the market is likely to respond
favourably to any positive news flow from the division.
Following share price fall we are
raising recommendation to BUY
News flow will be key
ENERGY TECHNIQUE
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL
2
4
6
8
10
12
14
16
Source: DATASTREAM

"Since then the shares have fallen c 40% and we once again see some short term upside in the share price. As a consequence we are raising our recommendation
back to a BUY".


---So EVO must reckon that 7.00-8.00 pence which was the price when they changed their recommendation the last time is fair value for ETQ in the short term until further news comes.

Sue you should give credit to who posted the EVO note !

Happy1 are you are refering the post on iii from smiler23 alias sue helen. You have to comend her, when she gets her teeth stuck into a stock she certainly does her homework and digs out some very useful information.Must admit i was a little suspicious of SH when intially reading her post( ramping).Although she does have an uncanny nack of picking undervalued ( oversold ) penny shares.

uk-wire website. All current info on etq

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=etq&go.x=12&go.y=9

Interestingly the price is unchange for today but a blue candlestick has appeared on the candlesticks chart (see below) for today :

SP held up well today, considering a small Share Mag article advises a sell.

Hi momentum, the broker buy note published yesterday was good enough for me.
Well just 4 small sells reported today, against 14 buys have come through even though they have been small buys. Next step for next week is for large buys to start coming in now...

Online buying price had ticked up slightly to 5.45 pence from 5.40 pence towards the close.

Support has been built at 5.00 pence this week.

Buys = 245,688
Sells = 88,329

Investtech Analysis after Friday's close :

Weak Positive Candidate (Short term) - Jul 30, 2004
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has support at p 5.00 and resistance at p 6.00. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the stock. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically slightly positive for the short term.

Press Mention : in Today's Daily Mail Newspaper, should get the buyers in next week.

Daily Mail today under Broker Buys:
Energy Technique: Evolution says buy at 5p (now 5.75p). Upward movements over the coming months should be stimulated by news from the branded distribution operation or the air treatment division.

Not a cheerful recommendation from shares magazine this week - sell

5.38p now

hyleo98 SM fails to mention the Nightingale recent deal and possible news from the NHS. Instead concentrates on its general air con business which is not why people are buying into ETQ.

The following buy note from Evolution Beeson Gregory towards end of the week hlyeo98 has more substance:

Energy Technique (ETQ) Buy (from Add)
Mkt cap: 8m Net cash: 1m Recommendation change Price: 5p
Set to hot up
Over the last week the share price has fallen by nearly 40%. Our
fundamental view of the business remains in tact and we are raising our
recommendation to a BUY.
On 7th July Energy Technique announced it had sold its first Nightingale air
filtration system in the US. Investors responded positively and the share
price doubled. Whilst we remain confident the shares remained good value
in the long term, the shares looked unlikely to perform in the short term.
Therefore, on 21st July we reduced our recommendation to Add. Since then
the shares have fallen c 40% and we once again see some short term upside
in the share price. As a consequence we are raising our recommendation
back to a BUY.
We anticipate share price movements over the coming months are likely to
be stimulated by news flow from either the branded distribution operation
or the air treatment division. Preliminary results showed the branded
distribution operation is now established and poised to move into
profitability during the current financial year. We would expect the
company to update the market on its progress at the AGM stage. However,
the largest potential upside resides within the air treatment side of the
business. As experienced earlier this month, the market is likely to respond
favourably to any positive news flow from the division.
Following share price fall we are
raising recommendation to BUY
News flow will be key

Up 11.6% today, excellent buying volume after the release of the buy note along with the press coverage at the weekend. More gains should be forthcoming during rest of the week...

Re : my post at the weekend that the buyers should return this week. Some large buys have been reported, 150K at 6.12 pence, 300K at 6.12 pence, 2*400K at 6.25 pence as well as many other good buys. Very strong buying volume and volume has topped 3.5 million for the day already.

suehelen,

2 x 400k was a rollover!

Hi Andy, I don't think so as they were both a full minute apart and at the same price as well. Rollovers would have been one trade at 6.20 pence and another at 6.25 pence within a few seconds of each other.

Strong buying has continued throughout the day.

From Leaders and Laggards on the MONEYAM Home Page :

Energy Technique were ahead 13.9% at 12.30pm on consistent buying based on hopes that there may soon be new deals to add to the recent maiden sale of their MRSA-busting air conditioning unit to a US hospital.

Further : 2*100,000 Buys have just come through at 6.50 pence, again they are not rollovers. One of the 100,000 buys is a broker buy where a broker has purchased 100,000 shares on behalf of a client at a premium offer price of 6.50 pence.