MyCelx Technologies Corporation Contract win with new SABIC affiliate customer (2968G)
May 26 2017 - 2:00AM
UK Regulatory
TIDMMYX TIDMMYXR
RNS Number : 2968G
MyCelx Technologies Corporation
26 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.
26 May 2017
MYCELX TECHNOLOGIES CORPORATION
("MYCELX" or the "Company")
CONTRACT WIN WITH NEW SABIC AFFILIATE CUSTOMER
MYCELX Technologies Corp (AIM: MYX), the clean water technology
company providing patented solutions for the oil and gas industry
and industrial markets worldwide, is pleased to announce a contract
win with a new SABIC affiliate customer.
MYCELX has been awarded a contract for up to $1.1m to deploy
in-country rental fleet equipment to manage the oily water
treatment needs for a new SABIC-affiliate customer. Our
strategically placed rental fleet allows us to respond rapidly to
our customers' needs. This latest contract, which follows the
recently announced entry into the Nigerian market, further
underpins the Company's forecasts for 2017 and it is expected that
the project will commence prior to the end of H1.
Commenting on today's announcement Connie Mixon, CEO of MYCELX,
said:
"I am pleased to announce another contract win for MYCELX, and
we are delighted to add another SABIC affiliate to our customer
base. This is the latest win driven by our recently strengthened
Middle East team. In this instance we have leveraged the success of
a similar rental fleet application, which provided significant cost
savings and operational efficiencies. Today's news highlights
further acceptance of our industry leading clean water solutions in
Saudi Arabia and will provide continued momentum as we head into
the second half of this year and into 2018."
<ends>
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
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