MyCelx Technologies, Inc (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 significant contract win, worth US$2.35 million.
The contract is the Company's second project for a major US fuel oil terminal. MyCelx will provide its patented 'Clean Water' system at a new oil storage terminal to manage a combination of storm water runoff, boiler condensate and sump water for discharge. Engineering and installation will take place from late 2012 through Q1 2013. Revenue will be impacted positively in both years with a small portion reflected in 2012 and the remainder in 2013.
Commenting on the announcement Connie Mixon, CEO of MyCelx, said: "I am pleased to announce another contract win for MyCelx. By leveraging a successful project in a nearby oil terminal site, the current win highlights further acceptance of MyCelx's solutions in the oil terminal space and will provide continued momentum through the second half of the year and into 2013."
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