MyCelx Technologies Corporation Contract Award and Contract Extension (5253H)
04 August 2021 - 4:00PM
UK Regulatory
TIDMMYX TIDMTTM
RNS Number : 5253H
MyCelx Technologies Corporation
04 August 2021
4 August 2021
MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)
New Contract & Contract Extension
Total Contract values of $2.1 million
MYCELX Technologies Corporation ("MYCELX" or the "Company"), the
clean water and clean air technology company is pleased to announce
both a significant new contract for the installation of its
technology, and a twelve-month extension to an existing contract,
both in Saudi Arabia and with a combined value of $2.1 million.
The contract extension is to a project where MYCELX's
proprietary technology has been installed for 10 years. The renewal
is a clear endorsement of the continuing leading performance of the
MYCELX offering, and a tribute to the professionalism and
competence of the team.
The new contract is for an initial term of one year and is
further evidence of the Company's position as the provider of
leading-edge technology in the markets it serves.
The Company continues to pursue other opportunities which, if
successful, have the potential to generate further incremental
revenues for the Company this year.
Commenting on the market update, Connie Mixon, CEO, said:
"These two contracts are a validation of the recovery taking
place within our energy sector market. We are fortunate to have a
highly differentiated product offering, underpinned by a reputation
for value accretive service to our clients, and helping them
achieve their sustainability goals. I look forward to updating
shareholders further in September with the release of our interim
results"
For further information please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO Tel: +1 888 306 6843
Kim Slayton, CFO
Canaccord Genuity, Nominated Adviser
Henry Fitzgerald-O'Connor Tel: + 44 20 7523 8000
Georgina McCooke
Celicourt
Mark Antelme Tel: +44 20 8434 2754
Jimmy Lea
Notes to Editors
Through its revolutionary oil-free water technology, MYCELX
brings its customers material benefits in terms of performance
enhancement, cost savings and significantly improved environmental
footprints. Working beyond any ordinary filtration methods,
MYCELX's proprietary technology achieves oil removal to less than
one part per million. MYCELX supports leading international
customers across the oil & gas value chain, as well as other
industrial users. MYCELX also provides advanced air filtration
technology for manufacturing and industrial facilities, effectively
removing oil particles and biologicals to maintain continuous and
safe air quality levels.
For more information, visit www.MYCELX.com
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END
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