Hi EB, what really caught my eye was this statement, ""The Company is in active discussions with ten additional potential distribution partners, some of whom cover territories not served by the first four partners. The Company expects to announce additional distribution agreements over the next few months." Speaks to me that the product is demand driven. Once it passes acceptance and certification, then it will go into penetration. I hope I am not reading too much into this. Appreciate your thoughts.
Meanwhile, cost of supplying water in Singapore has doubled in 15 years. http://www.straitstimes.com/singapore/cost-of-supplying-water-has-more-than-doubled-pub
Same issues must face China. China needs to leap frog with technology to lower opex and capex, like what they did with telecommunication. There, they by passed land lines to go straight for hand phones.
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