Fast-to-market lease programme yields new leasings

RNS Number : 8956T

MyCelx Technologies Corporation

26 November 2013

 



MyCelx Technologies Corporation

("MyCelx" or the "Company") (AIM: MYX)

26 November 2013

Fast-to-market lease programme yields new leasings for MyCelx

MyCelx Technologies, Inc (AIM: MYX), the clean water technology and engineering company providing patented solutions to the Oil and Gas industry and other commercial industrial markets worldwide, announces two new leasings of the Company's technology.

MyCelx's systems are being delivered to two major international oil companies that are both new customers for MyCelx's offshore, produced water treatment systems.

The two rental systems will be in service on deep water platforms for fail safe overboard discharge in the Gulf of Mexico. MyCelx's systems are ideal for providing insurance to continuous operations on such assets given their small physical footprint, and ease of retrofitting.

The leasings come as a direct result of the Company's Houston-based engineering and technology Demonstration Centre having opened in May 2013, which includes a full, real time, demonstration system consisting of a MyCelx Advanced Coalescer, REGEN and Polisher. The Centre's opening, and these subsequent leasings, are evidence of the momentum MyCelx has established in its fast-to-market lease programme.

Connie Mixon, CEO of MyCelx, commented:

"We're delighted with these latest leasings, especially as they are both to new customers. Such leasing success is exactly the upside we envisaged from the opening of our Demonstration Centre and the fast-to-market programme. The leasings show that industry acceptance of our technology and products continues apace, which augurs well for future growth."

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For further information please contact:

MyCelx Technologies Corporation

Connie Mixon, CEO

Mark Clark, CFO

Tel: [phone]

Numis Securities Limited

Corporate Finance

Stuart Skinner

Jamie Loughborough

Corporate Broking

James Black

Ben Stoop

Tel: [phone]

Bell Pottinger

Mark Antelme

Nick Lambert

Tel: [phone]

 

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