The $20 million figure for the first mineral supply agreement is outstanding news but the Translock is where the company is placing most of its focus. We should see much more revenue generation when those orders begin. And today's news told us the first Translock customer is about ready to sign too:
Double Crown Resources Announces $20 Million Projected Revenue for Recent 5 Year Supply Agreement on Industrial Minerals
Additionally, Contract in Development for Advanced Transport System Nearing Completion
Double Crown is currently prototyping and designing an industry-specific Translock² container system that is slated for the delivery of powder cement to offshore drilling platforms. Plain and simple, what Translock² does for many other products, it does especially well for powder cement. The system delivers bulk goods from the place of origin to the final destination, which in this case is offshore platforms, as well as the plugging and abandonment of old wells throughout the world. Double Crown is now in negotiations for a long term lease that is contingent upon final testing of the industry-specific units currently being performed. We believe that this will be the first of many such leases geared toward this segment of the cement market and we are confident that Translock² will prove to be an industry enhancement to the cement industry, saving time and money and providing a much more efficient and environmentally friendly means of delivery.
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