MyCelx Technologies Wins Middle East Contract

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MyCelx Technologies Wins Middle East Contract

Clean Water Technology Company Has Been Awardeda Water Treatment Contract from a Kuwaiti Petrochemical for a Project to Take Place in 2014

MyCelx Technologies, Inc (AIM: MYX), the clean water technology company providing patented solutions for the oil and gas industry and industrialmarketsworldwide, is pleased to announce a significant contract win, worth US$2.35 million.

The contract is the Company's second project for a major US fuel oil terminal. MyCelx will provide its patented 'Clean Water' system at a new oil storage terminal to manage a combination of storm water runoff, boiler condensate and sump water for discharge.

Engineeringand installation will take place from late 2012 through Q1 2013. Revenue will be impacted positively in both years with a small portion reflected in 2012 and the remainder in 2013.

Source: Reuters

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