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Re: None

Monday, 03/30/2020 6:43:39 PM

Monday, March 30, 2020 6:43:39 PM

Post# of 57159
10-K tidbits:


As of March 30, 2020, we are in the process of finalizing the timelines and budget for this plan based on vendor backlog for each of the tasks. Based on current estimates, this process may take approximately four to six weeks. This schedule may vary depending on vendor backlogs and other factors which may be out of our control.



Est. restart of AOT Demonstration Project: May 15th (30 days beyond the previous Jason Lane estimate for the AOT "flange short-circuit" repairs.

... we believe the demonstration AOT project should provide data requested by prospective customers such as real-time changes in viscosity, pipeline pressure drop reduction and increases in pipeline operating flowrates. All collected data at the AOT demonstration site will be normalized such that it can be used to evaluate the financial and operational benefits across a wide range of commercial operating scenarios without disclosing confidential details of our demonstration partner’s operations. We believe that real-world data from our demonstration AOT project may be used to accelerate our desire to achieve commercial adoption of our AOT technology, positioning us to re-engage with industry executives, targeting sales in 2020.



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