Surely, as usual you are 100% correct they are supplying a different unit (ie bluegen) versus the MCHP component unit that was supplied previously.
Guys I think there are a couple of interesting things to take out of this:
Things with Paloma are still going ahead.
Paloma were obviously happy with the previously supplied CFU product so they have asked to trial the new CFU product.
Bluegen in my mind is most likely not for use in Palomas home market of Japan (MCHP would be much more beneficial for most of the country). I believe that Paloma's interest in BlueGen is regarding offering an intergrated product to the likes of the USA and Australia through the Rheem brand.
The original MCHP product met "all Paloma technical hurdles".
I would be interested to know if Paloma have a significant presence in Korea? (think back to the announcement about subsidy for MCHP - from memory I think the subsidy would have almost been enough to pay for a full 1st gen unit from CFU)
I see this as another positive step but I agree I would like to hear about a couple of positive orders for BlueGen.
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