MyCelx Technologies Corporation Contract Award & Notification of Full Year Results (3957E)
May 08 2017 - 2:00AM
UK Regulatory
TIDMMYX TIDMMYXR
RNS Number : 3957E
MyCelx Technologies Corporation
08 May 2017
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.
8 May 2017
MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)
("MYCELX" or the "Company")
Contract Award & Notification of Full Year Results
MYCELX awarded its first Nigerian contract
MYCELX Technologies Corporation (AIM: MYX), the clean water
technology company providing patented solutions for commercial
industrial markets worldwide, is pleased to announce that it has
been awarded its first contract in the Nigerian Oil and Gas
market.
MYCELX will provide an onshore water treatment solution to a
leading independent oil and gas producer focused on the development
of its current reserves in the Niger Delta. MYCELX's complete water
system will be deployed to cost effectively solve the current and
future water challenges as the operator progresses to use water
injection and enhanced oil recovery techniques to further increase
production and reserves.
The sale of this complete system is important not only because
it opens up an exciting new geographical frontier for MYCELX and
supports our internal 2017 growth projections, but it also marks
the first contract award from our concerted efforts in 2016 of
working directly with clients to explore how our technology can
best support their goals through many months of trials and
collaboration. The on-going sale of filter media will further add
to MYCELX's recurring revenue base.
MYCELX will be providing a further update at the time of its
results for the year ended 31 December 2016, expected to be
announced on 11 May 2017.
Commenting on today's announcement, Connie Mixon, CEO, said:
"We are delighted to have made a new country entry into Nigeria,
where we hope to now build our presence upon this first contract
award. This success is testament to the increasing effectiveness of
our international sales and marketing effort and further endorses
the MYCELX offering as a cost effective and performance enhancing
solution for our customers."
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
Andrew Craig Tel: +44 20 7894 7000
Richard Salmond
Celicourt Communications
Mark Antelme Tel: +44 20 7520 9266
Joanna Boon
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
END
MSCUGUPAAUPMGGM
(END) Dow Jones Newswires
May 08, 2017 02:00 ET (06:00 GMT)
Mycelx Technologies (LSE:MYXR)
Historical Stock Chart
From Apr 2024 to May 2024
Mycelx Technologies (LSE:MYXR)
Historical Stock Chart
From May 2023 to May 2024