TIDMMYX TIDMMYXR

RNS Number : 7735A

MyCelx Technologies Corporation

01 October 2015

MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)

Progress Update on Trials

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water technology and engineering company providing patented solutions to the Oil and Gas industry and other commercial industrial markets worldwide, is pleased to provide an update on trials relating to Enhanced Oil Recovery opportunities in India.

MYCELX has been undertaking trials to increase its presence in the Enhanced Oil Recovery ("EOR") market segment and is actively pursuing opportunities in India, the Middle East and Canada. The Company reports that it has received a new purchase order for a paid trial to verify a further application of MYCELX products in the treatment of produced water at EOR operations. MYCELX sees this trial as the next important step in verifying its technological advantage and in its pursuit of establishing its presence in India. The paid trial was an expected next step for this ongoing project and underpins revenue projections and the Company expects to be able to report on the progress of the trial in Q1 2016.

For further information please contact:

 
 MYCELX Technologies Corporation    Tel: 1 888 306 6843 
  Connie Mixon, CEO 
  Kimberly Slayton, Interim 
  CFO 
 RFC Ambrian Limited               Tel: 44 20 3440 6800 
  Corporate Finance 
  Samantha Harrison 
  Alexander Millar 
 
  Corporate Broking 
  Jonathan Williams 
  Kim Eckhof 
                                   Tel: 44 20 7260 1000 
   Numis Securities Limited 
   Corporate Broking 
   James Black 
   Ben Stoop 
                                   Tel: 44 20 7861 3232 
   Bell Pottinger 
   Nick Lambert 
   Henry Lerwill

This information is provided by RNS

The company news service from the London Stock Exchange

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