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hello Im David charm the finance news network and joining me from lwp technologies is chairman siegfried Koenig Siegfried thanks for joining us thank you first up can you give us an introduction to lwp technologies lwp technologies is a small cap company listed on the australian stock exchange under the ticker lwp and our companies in a strong financial position with around 2100 shareholders and we have a fantastic proppant for the oil and gas services industry that weve developed from scratch and proved up the technology in our pilot plant in Brisbane thanks Siegfried now can tell us more about your companys projects the ceramic proppant we originally designed was to be a high-strength very high quality proppant however the market in the current low oil and gas environment has declined considerably everybody today is looking for a very very low-cost highly effective proppant therefore we have redesigned our technology now weve just last week announced a very low-cost proppant that