IN BRIEF: Mycelx ups revenue with Middle East contract extension

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Announces award of a contract extension for wastewater treatment at a leading independent petrochemical facility in the Middle East.

Says the contract, together with an award announced last week, will generate revenue in aggregate in excess of $2 million in 2023 across the two contracts and helps underpin its current market forecast for the current year.

Chief Executive Officer Connie Mixon says: ‘Our technology and expertise continue to provide customers with effective solutions for treating complex process water. Maintaining the high level of performance that our customers require is extremely important to us and sets us apart from competitors.’

Current stock price: 34.90 pence

12-month change: down 25%

Copyright 2023 Alliance News Ltd. All Rights Reserved.