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In August 2006 MDI & IndraNet Technologies (IT) formed IT MDI-Energy Ltd a joint venture for the Australia, New Zealand & South Pacific Islands for the AIR Car and AIR Engine for power generation. Unfortunately the MDI planned deliveries for 2008 did not eventuate so the IT MDI-Energy Ltd is still awaiting developments from MDI. |
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Advertisement IndraNet Technologies are now developing nGen Systems for solar based power generation, this in a range outside the MDI Technology, through by is subsidiary IT Mondial Pty Ltd. Details of these developments can be found in the current Prospectus of IndraNet Technologies |
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