IMW Industries, Ltd., a wholly-owned subsidiary of Clean Energy Fuels Corp. (Nasdaq:CLNE), today announced a master purchase contract with China Gas Holdings Ltd. (SEHK:384) to supply up to 416 natural gas compressors and related technologies for the construction of up to 310 public access compressed natural gas (CNG) stations in China. The three-year agreement has a potential value of approximately U.S. $167 million. EDC provides USD 250 M in financing to China Gas Holdings to help grow their Canadian supply
Wait for the analysts revision on revenue numbers. IMW sold $19.2 last quarter. Annualized is around $80 mil. Add this $167 mil revenue on top over 3 yrs, and this gets everyone moving the numbers north.