Chart, page-826

Hi @frostieshake, same here, I do feel frustrated with the lack of new contract announcements.

However, we had 50% increased in SPS revenue and also about another 50% increased in RR in 1Q2023 despite no announcements; in addition, at the update in April, we have been given:

"Another 25% is attributable to delays in China where certain projects have been awarded and are ready to proceed but will not move forward until down payment is received. Customers, including a number of government owned SOEs, have been slow to release funds in the wake of COVID shutdowns, though this is expected to improve."

"Multiple municipal and private projects in North America are scheduled to bid utilizing MABR technology. The food and beverage industry in particular has been very active with high levels of interest in our Industrial products as well as our High-Strength Wastewater (wastewater-to-energy) technology. The Company has secured several letters of intent for large new projects including a major project for a large chip manufacturer. Further, the Company continues to see strong interest in its High-Strength Wastewater treatment solutions which generate renewable natural gas from wastewater. Such interest is being driven, in part, by government subsidies, like the Inflation Reduction Act in the US, which has allocated $270B in tax credits for clean energy projects. The High-Strength Wastewater business unit is actively marketing the wastewater-to-energy projects in both North and South America and seeing significant order potential. The Company has recently been notified it was selected by a major food producer to partner in developing a large waste to energy facility. In addition, a design agreement has been signed with a major fish processing company for multiple projects."

With just 10 more days to the next update, I would like to hold the management to their words for our 2Q2023 performance.