Hi @jamesc666,Summarising all that we have been talking about, I...

Hi @jamesc666,

Summarising all that we have been talking about, I just need to jot down my 3 reasons for holding onto FLC.

(1) Membranes - membranes are the building blocks of waste water treatment. Previously membranes are used for filtration. But now, membranes are used to grow a biofilm.

(2) Long product life cycle - MABR is taking over MBR. MBR is still being used. But it has a run of 30 years. I think MABR will also have a long life cycle once it goes widespread and widely adopted. MBR will not be displaced but it will diminish once MABR generates data and confirms its value propositions of low capex and low opex.

(3) Predominant market share with first mover advantage. Can't scoff at 250 plants sold with installations.