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Hoghead7

03/23/24 3:27 PM

#58802 RE: Maximilliano #58801

I did a little digging Max (surprise surprise) shortly after both MOUs were revealed, and was confident the Malaysia m o u was going to move more quickly. They seem to be aggressively pushing to move forward swiftly. I figured TuNur was either iffy or definitely not going to move as fast. SK is moving pretty swiftly too So seems as though the Asian market either has less bureaucracy interfering or they're more motivated or both. As I have said from the get-go when Few first terminated the Posco, it might take a while but South Korea was going to work out for the better And we would win the lawsuit. Once we won the lawsuit, I knew we would be getting business in South Korea and that's huge because there should be plenty of business, And it will keep cash flow coming in. They use 100 megawatts as a reference now but there's actually more than 100 megawatts of units to be serviced/restarted/purchased etc. Recent conference call They referenced business in 2024 in South Korea and California with confidence. There was also an MOU signed in 2022 with kepco, parent company of KOSPO which I'm sure you recall and I do believe we'll develop into something in 24 or 25. First and foremost let's get the ball rolling with those 100+ MW of units to be restarted which begins with purchases. I think they stayed in the conference call what they were extremely confident was going to happen in 24, But I'm sure there are a variety of other things in the works that can also develop. $300M was the projected revenue for 2025 and $1B in 2030 last I knew. I believe we will end up with upward guidance sometime this calendar year. Possibly during the Q4 call in December. 1st things first let's get another extension with some sort of decent number on it from ExxonMobil. Unfortunately politics in bureaucracy are still putting a damper on that or I'm confident we would get at least a $500 million agreement.

uksausage

03/23/24 5:47 PM

#58806 RE: Maximilliano #58801

the news about the MOU is 13 months old. but it seems they are now in a position to talk about it with clients. Been wondering where this had got to as IMHO this is the best short term (12 months) channel for new orders and shipments.