The company has announced the confirmation of two important orders. First, the sale of a Percotherm(TM) to a leading US food processor to improve boiler efficiency at the Hershey's facility in Robinson, Illinois. Secondly, through its manufacturing representative, Tozour Energy Systems, a turn-key solution to bring the boiler plant at the hospital campus in Trenton, New Jersey to higher energy efficiency levels.
Objective's view:
The confirmation of new orders was already in our current valuation and points the way to the pending 2Q09 results. We have noted before about reading too much into a single quarter; the lead cycle from enquiry to firm order in this business is indeed, a tortuous one.
