Page 6 - EATS Case ( B)

Shortly afterwards Litan called Jim and asked him to
attend a meeting in Edinburgh with Litan and one of the

Russian scientists. Jim agreed and the meeting duly took

place.

At the meeting Litan set out his plans for the future which

essentially would mean concentrating on completing the

prototype and seeking external funding. In addition he
had approached Scottish Water with the view to them

testing and certificating the prototype. Dr. Mamikon said

that the patents were lying idle and should be used to

generate a financial return. Moreover, he thought that
other patents could be brought into the company and

developed. In addition, a full costing of the component

parts, commercially available, had been undertaken
which now allowed a full costing of the product to be

undertaken. Litan promised to forward a copy to Jim.

Litan also said that he was determined to devote himself
full time to the company and to this end was going to

give up his current job to work full time. Moreover, he

said that he had met up with a BDM from Lloyds and a

couple of private investors and all of them had expressed
their interest in having one- to-one meetings with him to

discuss the project in detail.