Ann: Parkway Acquires Tankweld Group, page-57

Thanks Vegas

I agree that it's derisked things a bit. However, nothing to see here if they don't get the new-tech installed. Pretty much everyone will be invested in anticipation of the CSG project.

Modular systems now seem to have a clear path to completion and avoid all the nasty stuff like paying someone else. Will there be enough money coming in(FEED contract?) to get this done without further financing?

There used to be a bit of talk about PWN holding potentially disruptive technology. I could be wrong, but it feels like that side of things has cooled a bit. Back when the talk was of PWN farming out its IP to folk like Worley, I could see it spreading and making waves, pushed along by the reach of major engineering companies. The reality has been quite different. The IP-only model never took off and PWN was forced down the hands-on route. Lead times are long and it's difficult to see this spreading far enough quickly enough to be truly disruptive. Thoughts please.

Cheers