This announcement is a pleasant surprise for me for various reasons.
We have always read that the US is moving from a monetary stimulus to a fiscal stimulus. https://www.ft.com/content/6de55418-161d-11e8-9376-4a6390addb44. Many articles have written about the US' need to replace ageing infrastructure.
Rosenblad Design Group (RDG)' specialty is into heater exchangers. Heat exchangers go into oil refineries, chemical refineries, power generation plants etc. It will be a beneficiary of the US' infrastructure spending. I had not expected FLC to be part of the US infrastructure renewal story.
Another plus for me: getting into the US is tough. For FLC to be accepted as RDG's supplier is in itself a testament of FLC's technical strengths and capabilities. This bolsters FLC's technical standing in my eyes. RDG will not just take anybody to be a supplier of refining water because water has detrimental effects on the environment if the job is botched.
FLC , if they can execute to plan and complete the project well, can only add to its trust capital. That equates to reputation as a serious water player. Trust capital in the market place is worth its weight in gold.
I stand impressed. Appreciate if anyone with engineering knowledge care to add to the above? Regards to all.
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