next breakout, page-26

Hi Mickem

Yes agreed, that implies $2.7 million from China so far (presumably several small orders). I was just saying they had not yet signed any large China orders, not that there were none at all.

Presumably the $2 million tender for non-China is in the $7 million which will be finalised in the next few months leaving around another $5 million in China to be finalised shortly. China would then be getting bigger than the rest of business combined ($7.7 million compared to $6.5 million).

That suggests most of the $14 million in the nine projects in advanced stages is also in China. There would not seem to be much outside China in the $21 million yet to come category if I am reading the numbers right. I wonder if there is upside there, as most non-Chinese orders tend to be small and may have shorter lead times.

I assume they will announce large orders as they are signed so we get an idea of how things are going in China between quarterlies.