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vortex pipes ltd (VTX) Snapshot

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11/14/13 - A$0.0020
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vortex pipes ltd (VTX) Details

Vortex Pipes Limited develops and commercializes ShieldLiner System in Australia. The ShieldLiner System is a trenchless technology for the in-situ repair and rehabilitation of pipes. It serves asset owners in the infrastructure, resource, and oil and gas industries in the government and private sectors. The company was formerly known as ShieldLiner Limited and changed its name to Vortex Pipes Limited in December 2007. Vortex Pipes Limited is based in Subiaco, Australia.

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vortex pipes ltd (VTX) Key Developments

Vortex Pipes Limited Announces Board Changes

Vortex Pipes Limited updated with the ongoing development of the company's proprietary trenchless pressure pipeline rehabilitation technology, the ShieldLiner System, and other developments. As a result of the proposed listing of the ShieldLiner System on the CSE, Mr. Brett Matich and Mr. Trevor Gosatti have resigned from the board of Vortex to focus on the ShieldLiner System listing. Each of the above, along with Mr. James Robinson is proposed to be board members of the ShieldLiner System Holding Company. Mr. Patrick Corr and Mr. Sean McGrath have also resigned as Directors of Vortex. The company announced the appointments of Mr. Harry Karelis and Mr. Andrew Haythorpe as Directors. Mr. Karelis is the founder of Titan Capital Partners. Prior to establishing Titan, Mr. Karelis worked in the financial services industry with roles in financial analysis and funds management both in Australia and overseas including extended periods at Hartley Poynton (now Hartleys) and Challenger Group. During the past 15 years Mr. Haythorpe has been involved in a number of junior company turnarounds with ASX and TSX listed companies. Mr. Haythorpe is currently the Managing Director of Liberty Resources Ltd. In the past he has held numerous Board positions, including Managing Director of Michelago and Crescent Gold, Non-executive Chairman of Liberty, Aurox Resources, Golden Heritage Mines, (which merged into Address Express Holdings), Central Kalgoorlie Gold Mines and Top End Uranium, as well as a non-executive Director of 131 Shop, Club Crocodile PL, a resort property company and Salmon Resources (Canada).

Vortex Pipes Limited Signs Technology Non-Disclosure Agreement with The Kelley Group

Vortex Pipes Limited announced that it has signed a technology non-disclosure agreement with The Kelley Group. The NDA is in relation to confidential information about the company's wholly-owned ShieldLiner technology and its potential distribution into the US markets. The agreement remains in place for a two year period, beginning the date of execution. Under the terms of the agreement, The Kelley Group will be unable to work with any other competing trenchless pipeline technology companies for the full duration of the two year period.

Vortex Pipes Limited Appoints Sean McGrath as Non-Executive Director and its North American Chief Financial Officer

Vortex Pipes Limited announced the appointment of Mr. Sean McGrath as a Non-Executive Director and its North American Chief Financial Officer (CFO), effective immediately. Mr. McGrath brings to the role over 17 years' experience in financial reporting, accounting and corporate advisory for companies operating in the North American oil and minerals industry. His expertise and specific knowledge of the region and industry are of great strategic importance to the company, as it works to establish key distribution partners for Vortex's flagship proprietary ShieldLiner pipeline rehabilitation technology. The appointment of Mr. McGrath marks an important development in the advancement of Vortex's strategy and further strengthens the company's leadership team in North America. Mr. McGrath will be based in Vortex Pipes' Canadian office, alongside Director Brett Matich.


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