capex plan, page-10

A good series of posts xFireStorMx, I agree with much of what you have to say except that Henderson does not represent a clear competitive advantage to the company.

As the new facility has only been in full commission since around September the chance to show its true worth has been limited although the substantial 5 year cooperation agreement MCE won recently provides some evidence for this competitive advantage.

"Matrix will work on the development of new modules to be used in 15,000 feet of water which is the greatest depth that riser buoyancy modules have ever been used."

"The new plant is home to a hydrostatic pressure testing facilitywhich has a 7500PSI deep water simulation chamber, the largest of its type in the world. This facility qualifies and tests buoyancy systems to a service depth of 17,500 feet which easily accommodates the depths required by the client."

On a separate note, this January Matrix is opening a new warehouse in Houston to store and release stock for its Northern Hemisphere clients and has just recently opened a sales office in Rio de Janeiro which has just made its first sale which although small is significant in the bigger picture.

"Matrix has received its first purchase order worth $1.8 million through its new office in Rio de Janeiro, Brazil. The order is from one of the world's leading deep-water drilling contractors. Matrix will supply the new riser buoyancy to replace damaged modules on a drillship that will be used off the coast of Brazil.

The order is from a long standing global client whom Matrix has supplied riser buoyancy modules to for several years." (MCE's website)