Fluence Competitors, page-22

Thanks very much. You have an amazing work rate keeping tabs for us. So good to know you are watching our backs with regards to FLC.

Aqwise is in the MBBR space. Met them too at SIWW 2016. They had a booth size next to FLC/Emefcy then.

FLC, compared to Aqwise, has accomplished so much more since since those early years. For one, FLC has managed successfully to ride the Dragon's back in China, sold and installed more than 200 plants there. Most unusual for a foreign start up company. What's more, they are selling into a SOE dominated market (as opposed to industrial customers who tend to be privately owned). Richard Irving has said as much the Management in China has been localised. All this speaks volumes to me because the SOEs do not see FLC and Israel as foes, but friends with a level of trust. Looking forward to 3Gorges and China Railway (again, national SOEs) when the momentum builds up as they implement the 14th Five Year Plan.