Market Overview

Synthesis Energy Systems and Coalworks Extend Strategic Alliance

Synthesis Energy Systems, Inc. (Nasdaq: SYMX) announced today that it is undertaking a study for its strategic partner, Coalworks Limited, to determine the potential for additional cost savings resulting from the use of high pressure U-GAS® gasifiers at Coalworks' planned coal-to-liquids plant in Oaklands, New South Wales, Australia. The agreement follows on the companies' 2009 strategic alliance for development of the Oaklands facility.

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