1st Oct 2015 08:46
LONDON (Alliance News) - Mycelx Technologies Corp on Thursday said it has received a new purchase order for a paid trial of its products for the treatment of produced water in the enhanced oil recovery market.
The clean water technology and engineering company expects to be able to report on the progress of this trial in the first quarter of 2016. It views this trial as "next important step in verifying its technological advantage and in its pursuit of establishing its presence in India."
The paid trial will underpin the company's revenue projections, it said. It did not disclose further financial information of the trial, or from whom the order was received.
Shares in Mycelx are untraded Thursday morning. It last closed at 60.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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