Release Date: October 30, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you discuss the competitive landscape in CO2 and if anyone else is attempting to do what you are doing with the PXG? A: No, there is no other pressure exchange competition that we see today. We compete against other technologies for applications in the space, but no one with the pressure exchange.
Q: Could you talk about your capital allocation strategy and the potential for share repurchases with your strong cash balance? A: We will discuss our growth strategy plans, capital needs, and roll out a capital allocation policy during our webinar on November 18th.
Q: Are you observing any geographic diversification of your customer mix away from the Middle East in desalination markets? A: No, the concentration still favors the Middle East and Africa. Over 70% of our revenue for the quarter came from the Middle East and Africa, and about 60% for the first nine months of the year.
Q: Regarding refrigeration, was the performance of the PXG consistent across the six sites monitored by DC Engineering? A: Yes, the energy savings and capacity increase were consistent, although they varied depending on location and temperature. We achieved both energy savings and capacity increase across all locations.
Q: Your recent white paper noted that the PXG did not require any water cooling. Does this mean a system using the PXG might avoid an adiabatic cooler? A: Yes, depending on the location, the PXG can either replace the adiabatic cooler or reduce its usage, thus saving on water and energy costs. This is especially beneficial for new installations where the expense of an adiabatic cooler can be avoided.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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