In the report, the analyst writes, “Since our initial report in November 2007, CABN has announced an exciting new application for the Company’s CO2 transformation technology. Targeting the multi-billion dollar PCC production market should greatly enhance CABN’s visibility and provide a source of near-term revenues. We regard CABN as a long-term investment play whose value lies in its innovative technology and huge potential market. Both of these long-term growth drivers remain intact in 2008.”
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