14th Oct 2021 14:08
Mycelx Technologies Corp - London-based water and air filtration technology company with eco-friendly ethos - Wins second Middle East contract of the year, supplementing four contract renewals awarded year to date. Contract revenue around USD1 million to primarily fall in next financial year.
In August, the company secured a new installation contract and a contract extension, both in Saudi Arabia, with a combined value of USD2.1 million.
"This is a real testament to the hard work and dedication shown by our team in the Middle East as well as the enduring relationships that they have with our customers," says Chief Executive Connie Mixon. "We are delighted with this contract and look forward to updating our shareholders with further news in due course."
Current stock price: 36.30 pence, up 6.8% on Thursday
Year-to-date change: up 12%
By Josie O'Brien; [email protected]
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