Don't we all feel foolish enough already?
Hope we get some evaporator and ground-breaking (literally) news on Nassau.
Well, they're going to complete the current Nassau project and get at least $10M for that this year.
Don't know what the margin is but $5M gross margin sound like it's these options will already meet the requirement.
Has been stated it only takes about 2-3 weeks tops for system install. Should hear something soon.
No doubt callers will be all over that info on the next CC.
Some of those Evaps should have been installed by end of 14.
Timing schedule in the U.K., we anticipate completing manufacturing testing shipment and installation start-up at first unit at our partner site in the fourth quarter. We will be collecting data for regulatory submission over six to nine months period thereafter. Regulatory approval and additional equipment orders are anticipated in the second quarter of 2015.
In the United States, we anticipate sales of the first couple of units before year end. So we are quite excited about the opportunities for both here domestically and internationally. From an industrial standpoint, I'd like to just briefly discuss the DieselPure. We’ve discussed this in the past. We’ve signed an agreement with them in September of 2013.
The good news is that there is a good amount of interest in the product, however, progress has been disappointing as we are receiving significant pushback from potential customers based on price. We are working with the manufacturer to address this issue.
In addition, customers are interested in using their emergency generator sets to save money by peak shaving their electrical rates. This capability would require the combination of diesel fuel filtration and emissions control technology.
We are working with the third-party power utilization experts to complete this evaluation. Currently, we do have four proposals outstanding a total of approximately $300,000. But we are less than excited about where it is at this particular point in time.
We do believe that the industry is not evaluating apples-to-apples on the equipment. And we do believe that with the evaluation of the peak shaving that that could really help differentiate it further for people on bringing greater clarity.
Gross margins on the equipment sales alone are expected in the 35% range. Generally no inventory of units will be held as they are shipped directly from contract manufacturers’ facility to the inflation site. Briefly on European, sorry -- the EU landfills, we’ve identified over 2,000 landfills throughout the EU that would be candidates for the technology. Over 300 of these are in the U.K., which is the market we have chosen the focus on initially.
The size of the market, the opportunity assuming each landfill on average we require two units and the equipment was directly sold to them. It would represent a market opportunity about $1.6 billion. If the same opportunity is served under 10-year service agreement, it would elevate and represent a market opportunity of over $7 billion.
In the United States, in the U.S. market, there were 1,900 landfills. The landfills in the U.S. are much large in size than those down in the EU. We’ve assumed a 1,000 of these landfills represent our opportunity. Each landfill in U.S. is estimated to require four 600 gallons per hour separators. This would see a market opportunity of equivalent sales of over $2 billion.
Current opportunities in hand, a large subsidiary, we’ve discussed previously, we've been working with approximately 250 company is our partner in U.K. to develop the waste heat version of the separator. They are a partner to certify and permit the initial unit in the U.K. They operate 20 open landfills currently and 12 closed in U.K.
Upon successful trial, they have planned for over 10 units. We anticipate installation of the first unit in the fourth quarter of this year and to be processing leachate prior to the end of the year. One of large U.S. operators that operates 326 landfills in 80 water treatment facilities. It has also shown an interest and purchasing a couple of the units. So two has another large waste competitor as well.
We’ve long discussed the evaporator opportunity which is more aptly described as the liquid solid separation technology that addresses the on-site treatment of landfill leachate and concentrate waste streams in the Waste Management and Oil & Gas Industries. We intend to market two models of the equipment currently proposed.
The first is 150-gallon per hour unit that captures thermal energy from a combined heat, power unit, also CHP engine that generates electricity. The second model is 600-gallon per unit that derives its thermal energy from a gas burner, operating off landfill gas or other piped gas sources.
We estimate cost savings of this technology to the customer 30% to 50% of current cost to truck and treat off-site. We offer either a service agreement or equipment -- or an outright equipment sale. Under the service agreement model, we will supply equipment and maintenance to customers under 10-year service agreement that is renewable for successive 10-year periods.
Customers are charged a monthly minimum based on the availability of the system and average charges based on leach -- total leachate process each month. Gross margin is projected at 45%. This pricing model has been primarily attracted to U.K. and EU customers and it’s liabilities of leachate treatment continues for a 60-year term in EU.
Under the equipment sales model, which encompasses directs sales of the separator and related accessories, the units including heat transfer packages for 150-gallon power unit are projected to retail for $400,000 of the $250,000 in direct cost whereas the 600-gallon per hour unit are projected to retail for $600,000 with approximately $400,000 direct cost.
What's the potential on the Evaporator deal? Who's the client and how much sponge media might they need? Any details?
Should be soon I imagine.
Yeah, never heard drinking water either. Gates is into it in Africa, Maybe he wanted to buy Abtech with the change in his seat cushions.
EQ: There’s a nice variety of companies within different industries. Can you talk about some of the presenting companies and the attendees they’ll be meeting with?
Brewer: Yes, we have companies like Creative Learning Corporation ($CLCN), which is one of the US's largest franchises with over 670. Creative Learning is helping to bridge the learning gap for kids in critical skills like engineering and architecture. Another company is Abtech Holdings, Inc. (ABHD) , which has a revolutionary water purification technology, which it plans to help bring clean drinking water to some of the world’s most underserved populations. I have to also mention GTX Corporation (GTXO) , which produces a shoe insole which features a GPS tracking device. The company’s product is designed to protect and track autistic children who get lost, as well as seniors with alzheimer’s who may wander from their families or care takers. The insoles can also be used as a security protocol for loved ones, military, law enforcement or high profile travelers. These companies will be meeting with a diverse group of investors, from investment banks, to boutique hedge funds, to high net worth athletes and other investors.
Google: How Small Cap Companies Can Change the World / abtech for full article
What's the pricing on these evaporators? Is this another 40K project? How many could they possibly sell? Any details or projections here?
My fear with Corvias is that for every 100M they make, we will get 3 to 5M in sponge media sales.
We need a bigger cut of the pie. Maybe if we can prove outselves, Corvias will take us out.
Let's go Nassau. Sign the paperwork!
Time limitation removed but it doesn't look like the EPA has come out and approved use of Smart Sponge Plus. It's a positive, of course but not quite sure what this means. Permanent limbo? Why can't we get unreserved approval?