Yes, FLC is a technology provider. If you look at the stable of...

Yes, FLC is a technology provider. If you look at the stable of products FLC has, MABR is in the forefront of technological change to pull users away from MBR. And they are clever to launch MABR in China (not in the western markets) is because they have read the Chinese well. China is a technology driven market. 

Other than Nirobox, the rest of FLC's products are 'ubiquitous' in that every EPC company must have. Where they are making a difference is their ability to build a suite smart packaging products and raise financing. ( eg WaaS, BOT, BOOT). Raising finance via Special Purpose Vehicles is not that easy even though many have tried. The tenure is long, normally 30 years, and Ron's name, ambassador, 30% stake etc makes a difference to the financier's comfort level.