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Quick Update: CAMWATER and Arizona July 6, 2016
CAMWATER
‘Under the Project of Drinking Water Supply in 13 secondary cities, a Commercial Agreement was signed October 7, 2013 with American Cardinal Resources Company for an amount of approximately $ 28,086,908.
To this end, and taking into account delays experienced by the implementation of this important project, it was mutually agreed that those responsible for this structure go as Cameroon during the period from 9 to 24 July 2016 in order to conduct studies feasibility of the project.” Alphonse Roger ONDOA AKOA Director General (translated)
As we have previously reported, the Republic of Cameroon requested that Cardinal Resources Inc. provide Feasibility Studies for the communities that will be receiving mini water utilities which include our Red Bird System, tanks and piping. These studies, which are not funded through an Export Credit Agency, and not included in the value of the main contract, were recommended after meetings between the International Monetary Fund and Cameroon officials to help focus their infrastructure spending and debt. As noted by the Director General, Cardinal Resources has been directed to quickly move ahead and finish this work before the end of July.
This critical confirmation of the importance of the project, at a time of drinking water shortages in Cameroon, along with the compressed time frame in completing the work, and the commitment of resources by CAMWATER is a key first step in the larger project. The Environmental Assessments completed by Cardinal Resources as part of the application to the US Export Import Bank have been accepted by both the Bank and the government.
While completing the Feasibility Studies we will also be meeting with the key officials, to finalize the schedule and first sites, for the main contract. This step will result in systems being delivered under the contract beginning in the 3rd Quarter of 2016 and projected to be completed over the following 15 months.
Arizona
Also in July, we are going to Arizona to finalize the location and logistics of installing our first US based CRB-40. This system will be used to pump and treat water from an underground mine for use in the reclamation and reuse of mine tailings from the 1800’s. While not the largest project, it is a cash project and also provides a proving ground for the use of our system outside of developing/emerging economies. In addition, once up and running, it will be a location where interested parties can go to see the system in operation. In regards to timing, much of the long-lead time items, such as the specialty tanks, are already in inventory which will reduce the build time.
Another benefit of starting the build in July, is that it will help reduce the costs of the CAMWATER and other systems as the supply chain can take better advantage of bulk ordering and the assembly time should gain in efficiency. Our goal has been to move from a strict build-to-order model to a true assembly line. Having multiple contracts requiring systems at the same time will help us meet that goal.
together step by step that could lead to amazing
stock gains over the next 18 months imo>
Quick Update: CAMWATER and Arizona July 6, 2016
CAMWATER
‘Under the Project of Drinking Water Supply in 13 secondary cities, a Commercial Agreement was signed October 7, 2013 with American Cardinal Resources Company for an amount of approximately $ 28,086,908.
To this end, and taking into account delays experienced by the implementation of this important project, it was mutually agreed that those responsible for this structure go as Cameroon during the period from 9 to 24 July 2016 in order to conduct studies feasibility of the project.” Alphonse Roger ONDOA AKOA Director General (translated)
As we have previously reported, the Republic of Cameroon requested that Cardinal Resources Inc. provide Feasibility Studies for the communities that will be receiving mini water utilities which include our Red Bird System, tanks and piping. These studies, which are not funded through an Export Credit Agency, and not included in the value of the main contract, were recommended after meetings between the International Monetary Fund and Cameroon officials to help focus their infrastructure spending and debt. As noted by the Director General, Cardinal Resources has been directed to quickly move ahead and finish this work before the end of July.
This critical confirmation of the importance of the project, at a time of drinking water shortages in Cameroon, along with the compressed time frame in completing the work, and the commitment of resources by CAMWATER is a key first step in the larger project. The Environmental Assessments completed by Cardinal Resources as part of the application to the US Export Import Bank have been accepted by both the Bank and the government.
While completing the Feasibility Studies we will also be meeting with the key officials, to finalize the schedule and first sites, for the main contract. This step will result in systems being delivered under the contract beginning in the 3rd Quarter of 2016 and projected to be completed over the following 15 months.
Arizona
Also in July, we are going to Arizona to finalize the location and logistics of installing our first US based CRB-40. This system will be used to pump and treat water from an underground mine for use in the reclamation and reuse of mine tailings from the 1800’s. While not the largest project, it is a cash project and also provides a proving ground for the use of our system outside of developing/emerging economies. In addition, once up and running, it will be a location where interested parties can go to see the system in operation. In regards to timing, much of the long-lead time items, such as the specialty tanks, are already in inventory which will reduce the build time.
Another benefit of starting the build in July, is that it will help reduce the costs of the CAMWATER and other systems as the supply chain can take better advantage of bulk ordering and the assembly time should gain in efficiency. Our goal has been to move from a strict build-to-order model to a true assembly line. Having multiple contracts requiring systems at the same time will help us meet that goal.
