Ann: EMC Progress in China Initiative - On Track to Achieve Plan, page-8

This is excellent! Once again, management over delivering and continuing to stay ahead of the game.
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffet
This should allow us to get back on track to new highs.



Objectives for the rest of 2017 are focused on establishing local production, pursuing specific opportunities with the four distribution partners, signing additional distribution agreements, and pursuing research and development that can add further capabilities to Emefcy’s technology.

Subject to final approval and registration of the WFOE, the Company is on schedule to ramp production of MABR modules at its first manufacturing facility in Changzhou City, Jiangsu Province. First units are expected to be manufactured in the third quarter, with volume production ramping throughout the fourth quarter. This first factory will be able to support up to an estimated US$ 75 million in annual sales from each of the four planned production lines (Total of US $ 300 million).

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.

“We see a vast market opportunity in rural China, one in which an obvious need is getting the government support necessary to resolve the problem. Our unique, energy efficient, low cost 5 technology is the perfect answer to rural China’s wastewater problems,” said Richard Irving, Emefcy’s Executive Chairman. “We are proud of the progress we made since we first outlined this strategic initiative last July and remain on plan for commercial deployments in China before the end of the year, anticipated to enable us to capture the leadership position in this market as it matures over the next few years.”