MyCelx Technologies Corporation Contract Award & PFAS Update (7955E)
03 Julho 2023 - 10:37AM
UK Regulatory
TIDMMYX TIDMMYXR
RNS Number : 7955E
MyCelx Technologies Corporation
03 July 2023
3 July 2023
MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)
Contract Award & PFAS Update
MYCELX Technologies Corporation ("MYCELX" or the "Company"), the
clean water and clean air technology company, is pleased to
announce a contract award with a new client in the Middle East.
The client required an efficient, reliable system that could
treat complex wastewater. MYCELX was selected specifically for its
capability to treat the toughest water challenges successfully and
cost-effectively and for its longstanding reputation in the region.
The Company expects ca.$1 million in revenue in 2023 which
underpins the current forecast for 2023.
The Company continues to move forward with its PFAS pilot trials
in several different applications. In July, a landfill leachate
trial will commence and operate for up to two months utilizing
MYCELX's proprietary P-Fluormer(TM) media technology. A drinking
water trial will begin later in July testing P-Fluormer(TM) media
to demonstrate compliance with the latest proposed EPA National
Primary Drinking Water Regulation standards ("NPDWR") for PFOA and
PFOS, along with four additional PFAS components. The next trial
will be a landfill leachate application and will operate for up to
six weeks, and will utilize multiple proprietary technologies from
MYCELX, including REGEN, PFAS cartridges and P-Fluormer(TM) media.
These trials will result in important data for numerous PFAS
applications, which will accelerate adoption of our unique and
cost-effective solution. We continue to focus on teaming and
trialling with strategic partners in our key markets as well as
effective marketing through webinars, conferences, social media and
an upgraded website, which will be rolled out in the coming
months.
Connie Mixon, CEO, commented:
"We are thrilled to be expanding our customer base and
application offering in Saudi Arabia. Our patented technology
together with our extensive local experience have ensured MYCELX is
recognised by waste management companies as a leading technology
solution provider for industrial water treatment.
In the burgeoning PFAS market, we continue to get traction with
targeted strategic partners and direct customers as we pilot our
technology in a series of trials. Specific data collection in
different PFAS applications is key to accelerating our solution in
this large and lucrative market."
For further information, please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO Tel: +1 888 306 6843
Kim Slayton, CFO
Canaccord Genuity Limited (Nomad and Sole Broker)
Henry Fitzgerald-O'Connor Tel: +44 20 7523 8000
Gordon Hamilton
Celicourt Communications (Financial PR)
Mark Antelme Tel: +44 20 7770 6424
Jimmy Lea
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