CDNL SOME HIGHLIGHTS $$$$$$
China: The first Mobile Red Bird System is on its way to its pilot demonstration in Northwest China. This rural site was selected to demonstrate the capabilities of the system in an area with a growing need for robust water treatment systems. Our partner HSVW continues to develop new opportunities in China and this demonstration will also be used to further the market development. Immediately following the Cameroon trip our team will be in China installing the Mobile Red System to move this market ahead.
European Project: This is a moderate sized time and materials contract that was briefly mentioned in a previous update. Under this contract we will be consulting with an EU based chemical company on water, remediation and sustainability issues on an on-going basis over the next 18 months. This work, will be completed from the US office as well as a few trips to locations in Germany, France, and Belgium.
Debt Reduction: We have paid off, with cash, over $950,000 in mature traditional and convertible debt.
Stock Repurchase: We have repurchased stock in the public markets. As presented in the 8K discussing this program, the amounts will be reported in the next financial filing.
Opportunity Pipeline
We are seeing a growing interest in our systems and services. Key areas where we are pursuing specific opportunities outside of our current markets include India, Kenya, DRC, South Africa, and the Philippines. Our representatives continue to work throughout Latin America.
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