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

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.

One of the 100,000 buys at 6.50 pence has been deleted and put through at 6.24 pence, the broker buy remained at 6.50 pence. Nonetheless, the offer price has now ticked up to 6.50 pence.

suehelen,

Bit of a coincedence 2 x 400,000 trades seconds apart don't you think?

A decent broker could achieve better prices than you suggest, although I do take your point about the price being the same.

I still think it was a rollover, but accept I may be wrong.

Hi Andy,

The 950,000 trades at 6.00 and 6.03 pence is a rollover, doesn't affect the price, though someone out there is holding 950,000 shares at 6.03 pence.

Price is up 23.2% now for the day at 6.25-7.00 pence, strong buying has continued throughout the afternoon session as well.

Further gains are likely tomorrow now with press coverage and the price broke the 6 pence resistance today which in turn will be the new support (ie. 6 pence is the new support). Investtech Analysis should confirm this tonight.

250,000 trades at 6.49 and 6.51 pence is a rollover. Though again someone out there is holding 250,000 shares in ETQ at a price of 6.51 pence respectively.

What was that 1.500.000 mio single protected transcion??? a sell or a buy?

Hi Xmortal, I believe it was a buy. It was actually a 1.25 million trade that came through at 6.15 pence, it looks like a buy and was worked through during the day possibly. Order was probably put in when the price was 5.75-6.25 pence this morning or when the price was 6.00-6.25 pence, at both of those points the price was static for long periods. If it was a sell, I don't think it will matter with the huge amount of buying of which nearly all of it occured over 6.00 pence. The 500K T trade at 6.00 pence looks like a sell to me. Again, these trades were worked through the day so I don't think they matter for the next trading day.

The snippet which appeared on the HOME page under Leader & Laggards on MONEY AM at lunchtime today may mean they is some press coverage about today's rise in the newspapers tomorrow.

After the dull phase of last week when the price was building support at 5.00 pence (sitting on the 50 day moving average) with just few trades going through, TA was improving & is looking really good now after today.
Just the crossover on the MACD is left....

A positive signal was formed when the price broken the resistance at 6.00 pence today and there is support at 6.00 pence now. All this should be confirmed by Investtech Analysis tonight.

Contrast to last week more than 10 million shares traded today in 198 trades, huge compared to last week.

Suprised there was wasnt further upside today given the buying volume. Imho will push up to the previous high before a slight pull back. and a test of 10p. If this volume is repeated over the next few days, expect a big break. May be a rumour filtering through. Topped up again today at 6p.

The price has crossed the ten day moving average this morning which usually provides a boost. The MACD should do the crossover (see below chart + indicators) and go bullish tomorrow if the price starts to rise again which looks likely :

Hi momentum, this was more than what I expected today though I'm very happy having got into these at a very good price. Look at the snippet I have posted from the Home Page and gives some indication as to why the huge buying occured today.

Signs were there last week that the price was going to start rising :

1. EVO upgrade (Buy note) came out on Wednesday
2. The above was mentioned in the Daily Mail Newspaper on Saturday
3. The sellers had been cleared by end of last week
4. TA indicators were improving (especially the above candlestick chart where I specifically mentioned how a blue candlestick was formed for friday when there shouldn't have been one, and the bullish sticks for the previous 2 days)

Hi sue, cant see a lot of resistance up to 8p, where it will be flirting with the 200 day. I would expect a slight pull back from here ( 10-15%)

Next resistance point is exactly at 8.10 pence.

Hi Momentum, I bought more today at 6.55 pence (about 64,000 odd shares) adds to my holding of 100,000 shares at 4.95 pence which was purchased last week. I think these could do very well in the next month or so.

Check out their website and look at the customer list and the geography....massive potential for ETQ if this comes off..and not just in the USA.....

http://www.nqinc.com/a.html

Buys still slowly trickling in which shows how ETQ is on many radars albeit not at yesterday's ferocity.

Buys come to about 1.0 million shares for today and sells are about 470,000.

Level 2 stable at 1 v 1.

Buyers took the upper hand again following on from yesterday, very encouraging that the price held onto its gains (besides the offer price moving from 7.00 pence to 6.75 pence, ie. the spread became better) as well from yesterday.
250,000 delayed buy at 6.50 pence came through at 5.22pm from an hour ago.

Figures :

Buys = 1,554,825
Sells = 597,047.

Best - Charts at close :

2 Buy Signals
0 Sell Signals

13 Bullish Indicators
3 Bearish Indicators.



MACD (Moving Average Convergence/Divergence) is poised to the crossover soon and go bullish (see above MACD indicator).