Ann: FLC Signs LOI to increase China Assembly, and Related MOU, page-32

@stockrock,

This agreement is not directly comparable to the iTEST agreement, as iTEST were using Aspiral L4's rated to 100 m3/d per container due to the different requirements of loading and wastewater parameters. Then they started using S1 containers for their toll sites which were rated to 15 m3/d.

Not taking into account the Aspiral S1 containers, and just focusing on L4's,
66,000 m3/d / 100 m3/d = 660 L4's.
$45,000,000 / 660 = $68,181.81 USD per L4.

Hunan will load the Aspiral L4's at 200 m3/d.
40,000 m3/d / 200 m3/d = 200 L4's.
200 x $68,181.81 = $13,636,363 USD by the end of 2021.

I tend to use $70,000 USD per container for simplification, and also there are some additional options (external control units and clarification units) that are bought with the L4 series that potentially bump up the price per container.

This fits in with the general concept of a MABR module being worth $10,000 USD by itself (@ 50% GP) and being worth double in an Aspiral container, due to the other controls and fittings but at a lower margin ( approx 35% GP). Allowing for a volume discount for the large partners and the different makeup of the L1 to L5 series of Aspirals.