Great summary Disco. And no, I am not aware of any certification news there either. In any case China's progress horizons are filled with mirages and difficult to measure. I'm sure most here would agree news around that (and around Chinese progress in general) could pop at any stage.
In the meantime we have the agreement with Stanford's CR2C, on the cusp of commissioning (think it was flagged as happening Jan'18?).
And how long will it take for that faculty to test and "achieve" California's tight water re-use restrictions is another unknown i suppose, but it is a step that must be taken for that state's industry to become one of our engaged and early adopters. A Golden State able to put a clean spin on 'golden showers' even? (My pleasure...). In any case i don't doubt we will quickly be assessed, as we were in the Virgin Islands, as being easily able to surpass whatever quality thresholds are set.
And it seems California remains in a state of flux with its hydrologic patterns, often in deep and prolonged drought, and with quality issues when it isn't. I can only see what we have to offer as providing what they need, and how much they need, in nimble and robust solutions.
The chart looks poor. No doubt about that. Plenty of conjecture too, and perhaps as many have said here, it is to do with the perception of a lack of traction in China, or at least the timelines of the traction? In my mind we don't need to 'conquer' China at all, and for us as investors to focus on that market as anything more than one of our emerging opportunities smacks a little of fast money speculation. It will probably grow as a slower book-build than many here hoped for but in the meantime we (as we should) have plenty of resource directed to building networks and relationships elsewhere.
I'm here because I see us as a global solution. Clearly not the only one, but one making key and studied geopolitical decisions that (in my head at least) will preserve and grow both my investment, and the investments of those who uptake the technology.
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