Mr. Tyrone Docherty reports
FIRST TELLURIUM REPORTS ON RECENT ACTIVITY IN THE COMPANY'S SHARE PRICE
First Tellurium Corp. denies there is any negative news affecting the current pressure on the company's share price.
The statement follows e-mails and calls from concerned shareholders.
"There are no fundamental changes within the company that warrant a drop in the price of our stock," said First Tellurium president and chief executive officer Tyrone Docherty. "On the contrary, we are making good progress on developments announced over the past several months regarding the thermoelectric technology with our subsidiary PyroDelta Energy Corp."
Mr. Docherty noted that PyroDelta is currently focused on drone technology that will be showcased at the U.S. Department of Defense's DARPA Heavy Lift Challenge later this year, as well as revenue streams based on PyroDelta's proprietary capillary casting manufacturing process.
"We are entering the DARPA contest with a drone design built around the tellurium-based thermoelectric technology that captures waste heat from the drone engine and uses it to provide supplemental power," said Mr. Docherty. "We believe this design will be highly competitive and introduce the advantages of our technology to large and influential parties within the drone industry and U.S. government. We have also identified manufacturing opportunities to serve the thermoelectric sector, and we expect to have news on this in the near future."
As awareness of the thermoelectric technology grows, Mr. Docherty also noted that First Tellurium continues to field inquiries from industry, media and government representatives.
About First Tellurium Corp.
First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and development of tellurium-based technologies.
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