I take your point but it's far from that simple, primarily for two reasons:
(1) Water treatment technology is (perhaps apart from pharmaceutical trials) one of the slowest developing and painstaking development processes a business can undertake. The potential for catastrophic financial & biological damage cannot be understated. Three years is a decent length to see if the tech is "working ok" (which it is).
(2) Sales can only come when it is possible to swiftly manufacture and deliver units. We should hear more on this soon.
We aren't far off being the leading MABR business in the world - general acceptance of the tech is taking place (see the Media thread) and we have very little in the way of serious competition.
Chart, page-752
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