The news of the Joint Development Agreement with Cat Cay Yacht Club in Bahamas for a DGU Power Plant was announced between the lines in the update of March (and we may think that DGUs are ready to be used, otherwise I think they wouldn't have signed this contract) :
"Emerging third world countries and nations in the Caribbean, Central and South America and Mexico represent a massive market potential".
Other news should follow very soon about the other projects mentioned in this update,
let's do some maths :
"So as to accelerate Cirque’s entry into the waste-to-energy market, the Company is actively exploring acquisition opportunities – alone and with strategic financial partners – and is currently bidding on 150 megawatts (MW) of biomass power plant acquisitions."
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Cirque continues to develop and enhance its proprietary DGU technology and expects to conduct final field testing and shakedowns of its first DGU units during the second quarter of this year. The Company further expects to book sales of its first commercial projects in the second half of 2015, with installations of commercial DGUs before the end of 2015.
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The Company is also continuing development of its previously announced 2.5 MW project in Midland, Texas and is in discussions regarding several other commercial DGU projects
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Cirque ESCO projects
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“The special combination of Cirque’s proprietary waste-to-energy technology, project finance capability, compelling value proposition, strong customer interest, and deeply talented management team provide us with a unique and timely opportunity to create significant shareholder wealth. We are very optimistic about the future of our Company.”
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End of pps discount is imminent !
AI
