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.