I don't know how many more times management need to reiterate to shareholders ... the RWL legacy business is going strong and it is only going to get stronger later in the year.
Repeat business is a strong signal from the market that our products are doing the job, and doing it well. Fluence Italy have a repeat customer from 2006 (12 projects with this client alone). If Fluence is able to achieve this with new clients, the snowball effect will be significant over time.
What is interesting is the repeat order on Tornado's in the USA ... something that was only recently launched.
What we are seeing is RWL's business which has been in operation for over 10 years bear fruit with what is looking to be exponential growth trajectory. $8m in new sales in a slow period of the year ... and we know there are some big ticket items coming up in the next few months.
EMC's legacy business is yet to take off, but C-MABR has only recently been launched and patience is required before it gains traction. Remember it has taken RWL over 10 years to get to where they are today, expecting C-MABR to take over the Chinese market in 6 months may be a little over optimistic.
There is plenty of run-way left in 2018 for C-MABR and SUBRE to make their mark ... for now, RWL's business is front and centre.
Ann: Fluence announces $US$8 in new contract wins since January 1, page-23
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