Pearl Global Limited to advise of a new Supply Agreement that the company has signed with Alex Fraser Pty Ltd. (‘Alex Fraser’). Under the Agreement, Pearl will supply its cleanly converted tyre derived fuel for Alex Fraser to use as a replacement for diesel, along with recovered carbon black to enhance the properties of Alex Fraser's asphalt. Although the Agreement references no fixed or minimum product volumes, Alex Fraser anticipates usage per annum to be 1 million litres of fuel and 360,000 kilograms of recovered carbon black per asphalt plant. Pricing remains sensitive, but should anticipated volumes be reached, Pearl's revenues attributable to the first asphalt plant would be in excess of $500,000. The volumes contemplated under the Agreement represent approximately 25% of Pearl's annual production capacity of fuel and approximately 10% of recovered carbon black.