What has happened?
SciDev (ASX:SDV) announced that it will participate in a commercial trial with Fortescue Metals Group Limited (ASX:FMG; Fortescue), with the one-week qualification trial representing A$60,000 in revenue.
What are the key highlights?
- SciDev announced that it has progressed through a competitive tender process and has been invited to participate in a one-week field qualification trial with Fortescue Metals Group (ASX:FMG).
- The trial with FMG will be conducted at Fortescue’s Solomon Hub, located in the Pilbara region of Western Australia. FMG is one of the world's leading producers of iron ore.
- The main focus of the field qualification will be to gauge the performance of the MaxiFlox® chemistry under plant operating conditions.
- The trail itself represents A$60,000 in revenue for SciDev.
What does this mean?
The announcement further reinforces SciDev’s position as a significant player in the emerging cleantech space as it continues to engage with high profile mining companies such as Fortescue metals group, a world-leading supplier of iron ore. The field qualification trial of MaxiFlox® may further bolster SciDev’s product placement in future large scale water treatment operations, which will hopefully lead to further revenue streams for the Company.