MyCelx Technologies Corporation New Purchase Order Award and Equipment Sale (3933L)
19 April 2018 - 4:00PM
UK Regulatory
TIDMMYX TIDMTTM
RNS Number : 3933L
MyCelx Technologies Corporation
19 April 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU No. 596/2014) ("MAR"). This inside
information is now considered to be in the public domain.
19 April 2018
MYCELX TECHNOLOGIES CORPORATION
("MYCELX" or the "Company")
New Purchase Order Award and Equipment Sale in Australia
MYCELX Technologies Corporation (AIM: MYX), the clean water
technology company providing patented solutions for the Oil and Gas
market and commercial industrial markets worldwide, is pleased to
announce that it has secured a new purchase order in Saudi Arabia
and has sold equipment in Australia. The new purchase order is for
a three-month extension for the rapid response unit that was placed
in February 2018 and was secured in collaboration with one of the
Company's Saudi waste management partners. The equipment sale in
Australia marks the first sale into the LNG market in that country.
As a result of these two developments, which have a combined
revenue impact of $2.7 million, and following the significant
purchase order secured earlier this month, the Company is pleased
to increase its 2018 revenue forecast range to $16 - $17
million.
The Company continues to pursue further opportunities and looks
forward to leveraging its success to expand its installation base
in Saudi Arabia and Australia.
Commenting on the market update, Connie Mixon, CEO said:
"We are delighted to announce another Saudi purchase order and
the Australian equipment sale and to be able to improve our revenue
forecast for the year. These developments reflect the Company's
continuing momentum that is underpinned by the combination of our
client-focussed approach and the superior performance of our
technology, which allows us to efficiently solve the water
treatment challenges faced by our clients."
For further information please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO Tel: +1 888 306 6843
Kim Slayton, CFO
Cantor Fitzgerald Europe - NOMAD and Broker
David Porter Tel: +44 20 7894 7000
Richard Salmond
Celicourt Communications
Mark Antelme Tel: +44 20 7520 9266
Jimmy Lea
Notes to Editors
MYCELX is a revolutionary oil-free water technology company
solving the world's toughest oil removal problems in the oil and
gas industry. The systems are based upon scientific breakthrough
for a completely different approach to permanent oil removal. The
Company created the patented MYCELX polymer using innovative
molecular cohesion for removing oil from water far beyond what
conventional systems have ever achieved. MYCELX systems remove oil
to critically low levels in a much smaller physical footprint than
conventional systems and in a virtually fail-safe process.
www.mycelx.com
This information is provided by RNS
The company news service from the London Stock Exchange
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