Scidev Ltd - New Order with Phoenix Process Equipment Company
Scidev Ltd (ASX:SDV)

New Order with Phoenix Process Equipment Company

Highlights

What's happened?

SciDev Limited (ASX:SDV; SciDev) has announced that it has received a large commercial order from Phoenix Process Equipment Company (Phoenix).

What are the details?

SciDev chemistry, manufactured by Nuoer, has been qualified by Phoenix for the use in their mineral processing and oil & gas processes under a Heads of Agreement (HoA) signed between the parties in August 2019.

The new order from Phoenix is for approximately USD$1.4m of product, representing approximately 3 months of stock under the HoA. The chemistry will be manufactured by SciDev’s partner, Nuoer China, with product expected to be onsite with Phoenix in March 2020.

What does this announcement mean?

SmallCapInsider from Mawson Graham provides perspective on this recent announcement.
SmallCapInsider
Written by SmallCapInsider
Published Feb 12, 2020

SciDev continues to demonstrate their ability to successfully move customers in its sales pipeline from commercial and technical trials through to commercial orders. This ability will likely translate into continued revenue growth in future reporting periods as SciDev commercialise their technology within its US$8bn global addressable market.

The information within this section has been provided by Mawson Graham Pty Ltd and is for general information purposes only and is not intended to reflect any recommendations or financial advice. The information in this section has been prepared without taking into account your objectives, financial situation or needs. For this reason, you should consider the appropriateness of the advice or recommendation in light of your own personal circumstances, relevant risk factors, the nature and extent of your risk of loss, as well as the legal and accounting consequences before acting making an investment or trading decision regarding any Financial Product mentioned herein. While it is believed that all information sourced and contained within this section to be accurate at the time of publication, liability for any errors, omissions, accuracy or completeness of the information (except any statutory liability which cannot be excluded) is specifically excluded by Mawson Graham Pty Ltd, its associates, officers, directors, employees and agents. Past performance is not a reliable indicator of future performance. Important Disclosure: Mawson Graham Pty Ltd, its directors, associates and employees advise that they may hold securities, may have an interest in and/or earn brokerage, investor relations fees, corporate fees, and other benefits or advantages, either directly or indirectly from client transactions arising from any information mentioned within this section and in documents published within this section.
Mawson Graham
Mawson Graham

Managing Director's Summary

Lewis Utting

“As we continue partnering with strong, reliable counterparties like Phoenix, opportunities will continue to emerge that are value accretive to all parties. The order demonstrates the growing opportunity for SciDev products and professional services in the large North American market”.

Lewis Utting
Managing Director, Scidev Ltd

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