Progress Update on Trials

RNS Number : 7735A

MyCelx Technologies Corporation

01 October 2015

 

MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)

       Progress Update on Trials

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water technology and engineering company providing patented solutions to the Oil and Gas industry and other commercial industrial markets worldwide, is pleased to provide an update on trials relating to Enhanced Oil Recovery opportunities in India.

MYCELX has been undertaking trials to increase its presence in the Enhanced Oil Recovery ("EOR") market segment and is actively pursuing opportunities in India, the Middle East and Canada. The Company reports that it has received a new purchase order for a paid trial to verify a further application of MYCELX products in the treatment of produced water at EOR operations. MYCELX sees this trial as the next important step in verifying its technological advantage and in its pursuit of establishing its presence in India. The paid trial was an expected next step for this ongoing project and underpins revenue projections and the Company expects to be able to report on the progress of the trial in Q1 2016.

For further information please contact:

MYCELX Technologies Corporation Connie Mixon, CEO Kimberly Slayton,  Interim CFO	Tel: [phone]
RFC Ambrian Limited Corporate Finance Samantha Harrison Alexander Millar Corporate Broking Jonathan Williams Kim Eckhof	Tel: [phone]
Numis Securities Limited Corporate Broking James Black Ben Stoop	Tel: [phone]
Bell Pottinger Nick Lambert Henry Lerwill	Tel: [phone]

 

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