We've discussed this before. If I recall correctly, revenue is around $25k to $30k per module per annum. So if Thames are trialling Envirosuite at only 2 of their sites, the revenue will not be material which is why I suspect they haven't included it in the announcement of any of their other client win announcements.
Nevertheless, this announcement is potentially significant from a bigger picture perspective because PEH's Envirosuite was selected over its competitors so they must be doing something right!! If the contract is renewed after the initial trial period of 1 year, the growth potential of PEH will be exponential.
In the meantime, we'll just have to wait for confirmation or until there is a surge in sales to allow the company to gain economies of scale.
EVS Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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