April 19, 2018 - Duluth, Georgia, USA - New Purchase Order Award and Equipment Sale
April 19th, 2018
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 that it has secured a new purchase order in Saudi Arabia and has sold equipment in Australia. The new purchase order is for a three-month extension for the rapid response unit that was placed in February 2018 and was secured in collaboration with one of the Company's Saudi waste management partners. The equipment sale in Australia marks the first sale into the LNG market in that country. As a result of these two developments, which have a combined revenue impact of $2.7 million, and following the significant purchase order secured earlier this month, the Company is pleased to increase its 2018 revenue forecast range to $16 - $17 million.
The Company continues to pursue further opportunities and looks forward to leveraging its success to expand its installation base in Saudi Arabia and Australia.