MYXR Mycelx Technologies Corporation

TIDMMYX TIDMMYXR

RNS Number : 7460D

MyCelx Technologies Corporation

11 July 2016

MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)

Half Year Trading Update

MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for commercial industrial markets worldwide, announces a trading update ahead of its Half Year Results which will be announced on 14 September, 2016.

The Company is pleased to announce that H1 2016 revenues were in line with expectations and that it has delivered on its commitment to be cash neutral from operations for the last twelve months. The expense control measures that were put in place will continue to be monitored closely. During H1 2016 the Company also achieved another of its stated goals by establishing a strategic Marketing and Distribution Agreement with Schlumberger Cameron for the Upstream Oil and Gas market. The Company believes it would be premature to provide revenue guidance on this Upstream agreement at this time, and will update on its progress at year end.

For further information please contact:

 
 MYCELX Technologies Corporation    Tel: +1 888 306 
  Connie Mixon, CEO                  6843 
  Kim Slayton, CFO 
 RFC Ambrian Limited               Tel: +44 20 3440 
  Corporate Finance                 6800 
  Jonathan Stephens 
  Oliver Morse 
 Corporate Broking 
  Jonathan Williams 
  Kim Eckhof 
 Numis Securities Limited          Tel: +44 20 7260 
  Corporate Broking                 1000 
  James Black 
  Ben Stoop 
 Bell Pottinger                    Tel: +44 20 3772 
  Nick Lambert                      2500 
  Henry Lerwill 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 11, 2016 02:00 ET (06:00 GMT)

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