Half Year Trading Update

RNS Number : 7460D

MyCelx Technologies Corporation

11 July 2016

 

MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)

Half Year Trading Update

MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for commercial industrial markets worldwide, announces a trading update ahead of its Half Year Results which will be announced on 14 September, 2016.

The Company is pleased to announce that H1 2016 revenues were in line with expectations and that it has delivered on its commitment to be cash neutral from operations for the last twelve months. The expense control measures that were put in place will continue to be monitored closely. During H1 2016 the Company also achieved another of its stated goals by establishing a strategic Marketing and Distribution Agreement with Schlumberger Cameron for the Upstream Oil and Gas market. The Company believes it would be premature to provide revenue guidance on this Upstream agreement at this time, and will update on its progress at year end.

For further information please contact: 

MYCELX Technologies Corporation Connie Mixon, CEO Kim Slayton, CFO	Tel: [phone]
RFC Ambrian Limited Corporate Finance Jonathan Stephens Oliver Morse	Tel: [phone]
Corporate Broking Jonathan Williams Kim Eckhof
Numis Securities Limited   Corporate Broking James Black Ben Stoop	Tel: [phone]
Bell Pottinger   Nick Lambert Henry Lerwill	Tel: [phone]

 

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