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| 2004 |
| > Acquisition of Topaz Power |
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| 2003 |
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> Dr. Ray Shaw appointed as Chairman > $2.4M Rights Issue completed, principal debt eliminated |
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| 2002 |
| > $10M debt reduction completed including $3M capital raising |
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| 2001 |
| > Sale of OPAL (ex Cherny) |
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| 2000 |
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> Disposal of Lighting Group > Change of name to Rectifier Technologies Limited |
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| 1999 |
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> Acquisition of Rectifier Technologies Pacific > 1 for 4 capital reconstruction > Formation of lighting group through the acquisition of Moonlighting, Accent Lighting, Cycon, and Sunlighting. |
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| 1998 |
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> Change of control at board level with Jeff Hooper appointed Managing Director & CEO > Acquisition of Protran > Change of name to INDUSTRIAL & COMMERCIAL ELECTRONIC PRODUCTS LIMITED |
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| 1994 |
| > Listed on ASX as Cherny Holdings Limited, manufacturer of oilfield products. |
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