Says it's an order for US$350k (AU$520k). Pretty good development for them, so well done, especially with expansion beyond the scope of the US. The only part that would be beneficial for clarification would be in reference to:
"it is anticipated that these units will be delivered in Q1 2020 with associated services to be rendered through Q2 2020."
So on that, will they be paid up front and receive cash receipts soon (which they probably would need to build the inventory for the sale), or will it be received some time early next year upon delivery of the units? In which case, cash on hand will still need to be managed til then, or they find other ways to source funds/contracts.
UUV Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
