Ann: Fluence awarded first Aspiral Project in the Philippines, page-42

Thanks relax1 for tagging me. Philippines is encouraging. It's the only SE Asian country where FLC has a direct sales office.

Everything starts from small base Philippines is currently small too, but the decentralised theme and the standard of effluent is the catalyst from 2020 onwards. Once it's in the running and the momentum, and the reputation spreads, the moat builds up around it. That's just the nature of water and engineering businesses.

Having Ayala as partner is significiant for me. They are huge and they have a hand in every business. They have one of Phil's biggest developers and landlords. Hopefully, their own buildings will be the testing and proving ground,