"The results from bacterial applications have been outstanding."
"Our International team have submitted pricing for three large projects in Europe, North America and North East Asia. Decisions on these projects are expected in the next few months
PET is in the final stages of acquiring the 40% of Phoslock Europe GmbH (PE) it does not already own from our German partner, IDN. PET will continue to maintain a close working relationship with IDN.
Chairman Laurence Freedman AM commented: “All aspects of the business continue to expand and more countries are now becoming aware of the enormous impact that Phoslock Environmental Technologies provides. We expect to be adding more projects, at various locations, as the year progresses.”
Taken from the clues above, Phoslock have entered the ring in a new market and while Mickem thinks it might be South Korea, I'll be hoping it is Japan given that it is due to host the Olympics in 2020, that it needs to clean up the site of its aquatic events, and the fact that Phoslock have form in helping countries clean up in preparation for international sporting events, think the UK, and not to mention that Japan is a bigger market with a greater need for the company's technology where we can gain greater revenue from.
"In October 2017, organizers said the water hadhigh levels of E. coliand other fecal coliform bacteria — as much as 20 times the accepted limit for the former and seven times for the latter."
"Around120 rivers flow through Tokyo, including major arteries such as the Tama and Sumida. These empty into Tokyo Bay."
"Poor oxygenation, organic pollutants and excess nutrients from surface runoff, a phenomenon known as eutrophication, remain stubborn problems for water quality in the bay."
“Pollution that has accumulated in the bottom mud for many years is the reason for the oxygen-poor water, leading to blue tides in summer and eutrophication.”
"Tokyo has tried measures such as pumps and reservoirs to deal with downpours, but completely overhauling such a large legacy system — there are about 16,000 kilometers of sewer pipes in the 23 central wards — would be a massive undertaking."
“When you have a combined sewer system and a heavy downpour, to protect the city from flooding, we have no choice but to discharge sewer and rainwater into rivers and the sea,” says Kouichi Yajima, a manager in the Metropolitan Government’s Olympic and Paralympic Games Preparation Office. “In addition, it’s thought that inflows from other prefectures lacking sewer system coverage is one of the reasons for the deterioration of water quality at Odaiba Marine Park.”
"As for the organizers of the 2020 Olympics, they’re still pushing Odaiba as an ideal venue for some of the water events. A new report on the effectiveness of the underwater barrier is expected to be released in the next few weeks."
“Over the past 20 years, Odaiba Marine Park has been the venue for the Japan Triathlon National Championships and more than 2,000 athletes have participated,” says Koji Murofushi, a former Olympic athlete in hammer throw and now director of sports for the games. “But as the quality of water is greatly affected by the weather and other factors, Tokyo andthe Organizing Committee, based on standards set by international sports federations, are considering future countermeasures for a smooth competition.”
Countermeasures such as using Phoslock's suite of technologies to clean the water up?
PET Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
