MyCelx Technologies Corporation New Project Award and Trading Update (8189I)
November 29 2018 - 1:00AM
UK Regulatory
TIDMMYX TIDMTTM
RNS Number : 8189I
MyCelx Technologies Corporation
29 November 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.
29 November 2018
MYCELX TECHNOLOGIES CORPORATION
("MYCELX" or the "Company")
New Project Award and Trading Update
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 it has received a new purchase order from a SABIC
affiliate to manage water treatment during a short-term turnaround
operation.
As a result of this award, the Company has revised its revenue
and net profit guidance for the current financial year to a new
range of $25 million to $26 million in revenue and $2.4 million to
$2.8 million in net profit. This revised guidance assumes no new
contract wins between now and the end of the current financial
year.
Commenting on the market update, Connie Mixon, CEO said:
"We are very pleased to receive this award from a repeat
customer. It demonstrates that our client focussed approach is
being rewarded and that our customers have a high level of
confidence in the team and our ability to successfully manage their
water treatment needs. MYCELX water treatment systems are chosen
because they reliably deliver the water quality required for
optimal performance. Our track record of successful projects,
supported by our advanced technology, continues to grow as does our
reputation for achieving strong results, even in the most difficult
operating conditions."
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
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END
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