new technologies to market

I reckon we need to focus not on contracts per se (VTI have plenty of these although a bit small) but on the viability of the technology. It takes years to introduce new technology to markets, but the new applications have faster turnaround with customers. I like what they are doing in sewerage and industrial waste. Having been in mining before, I can testify it can take forever to get a decision. These others are more responsive, although competition is greater. As long as VTI continue to get some contracts and make a name for themselves in that sector, they should do fine. Less time on worrying about contracts (let's face it, once they get a $1.0 mill. contract, longs will want $5.0 mill. and MMMs will want to kill it). So focus on tech. stength and go from there.