PPY 0.00% 1.0¢ papyrus australia limited

catastrophic equipment failure ??, page-15

  1. 1,093 Posts.
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    According to PPY, it's just a demonstration plant anyway. They are really looking to licence the tech.
    Sales grwoth should be much more visible in the next months' report.


    The demonstration plant at the factory was running at maximum output during the period except for when installation of new and additional equipment was installed. Installation of additional equipment designed to double the factory output of Musa commenced during the June 2021 quarter and became operational in August 2021 as a result the Company expects sales of its Musa product to increase substantially in the next reporting period. The demand for Musa in Sohag, Egypt, is as stated. As you would appreciate this is a demonstration plant, and we are not intending to be a fibre production company. Our core business and income stream is intended to be from licencing our technology in the future – and the successful demonstration plant in Egypt is fundamental to attracting investors to procure our technology for other locations. The plant in Egypt is designed as a demonstration plant to showcase our technology to potential clients.
 
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