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Business Summary Energy Power Systems Limited (EPS) is an integrated Independent Power Project Developer, an Oil & Gas Exploration and Development Company and a Contractor of Infrastructure Projects. EPS operates through three divsions. The Power Division is pursuing a strategy to develop and participate in Independent Power Projects (IPP) in emerging markets, with a current focus on India. The Oil & Gas Division, through the Prince Edward Island property, offers excellent potential for both coalbed methane and conventional gas resources and plans an exploration program consisting of a detailed assessment of existing seismic data and available drill well logs. The Company's Engineering & Contracting Division produces steel components for structures and heavy industry; manufactures pressurized vessels and tanks; and provides in-plant fabrication, welding and assembly services for the offshore oil industry at its 40,000 square foot and 15 acre production yard in St. John's, Newfoundland. biz.yahoo.com Financial Summary Energy Power Systems Ltd. is an integrated Independent Power Project Developer, an Oil and Gas Exploration and Development Company and a Contractor of Infrastructure Projects. For the nine months ended 3/31/01, sales rose 9% to C$15.2 million. Net loss from cont'd operations fell 73% to C$529 thousand. Revenues reflect increased engineering and oil/gas sales. Lower loss also reflects decreased interest and administrative expenses Home Page epsx.com | ||||||||||||||
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