This report is dated 4/05/16 and states- 'However, the MFC market is still in the very initial stage of commercialization. At present, with no commercialized products, the market for MFC is yet to exist.'
I'm pretty sure Emefcy already has 2 units sold (currently being installed) and a qualified pipeline of prospect customers currently being targeted. I would call that a commercialized product??
That figure of 18.6M is pure fantasy also- 2 unit sales equates to around 2% of that number. That was achieved in 3 months of operation. Once reference sites are established over the coming months sales will grow exponentially- and that's not taking into account WAAS revenue or potential government tenders in key markets (China).
Our product is proven, we are first to market and almost every government in the world has water scarcity as a leading item of national concern.
Sorry but the guys at the Indian research group who compiled this report need to lay of the pipe during work hours.
G$
FLC Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
