all i know is this is RC .. who has had previous e
Post# of 43064
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Posted On: 12/22/2017 6:21:47 PM
all i know is this is RC .. who has had previous experience with a competitor
(20M dollars worth if memory serves correctly) and then turned to P2O
back in the May 2017 Update (1st of 2 for 2017 currently) .. this was noted:
Negotiating a key strategic partnership.
In August 2016, we announced the signing of a memorandum of understanding (MOU) with potential partner regarding the licensing of our technology and a potential sale of processor units. On March 26, 2017, the parties agreed to extend the term of the MOU to May 24, 2017. There can be no guarantee that a definitive agreement will be executed prior to expiration of the extended term of the MOU.
Robin Curtis , a pioneer in the implementation of plastic-to-fuel technology and a participant in the proposed partnership, recently noted: “The market opportunity for plastic to fuel is even more promising today than it was years ago. It appears evident that the Plastic2Oil technology solved the problems that had been encountered in our previous attempts to implement plastic to fuel technology. We now look forward to the opportunity to implement Plastic2Oil technology.”
We are still in the process of negotiating a definitive agreement. If consummated, it is anticipated that the first site would house two P2O processors, and could eventually lead to deployment of P2O processors in 15 to 20 similar facilities. The initial purchase order will be for the two units currently in our inventory. Final assembly and testing of the units prior to shipping will require approximately six months from signing of the purchase order. Instrumentation and other necessary equipment will be secured prior to the shipping date. Several additional months will be required for installation after the units have been shipped.
We look forward to updating our shareholders upon the signing of a definitive agreement.
http://www.plastic2oil.com/site/news-releases...areholders
=====
Kudos to RH and P2O for being pro-active re: deadline
Merry Christmas to all P2O Investors who celebrate
4kids
(20M dollars worth if memory serves correctly) and then turned to P2O
back in the May 2017 Update (1st of 2 for 2017 currently) .. this was noted:
Negotiating a key strategic partnership.
In August 2016, we announced the signing of a memorandum of understanding (MOU) with potential partner regarding the licensing of our technology and a potential sale of processor units. On March 26, 2017, the parties agreed to extend the term of the MOU to May 24, 2017. There can be no guarantee that a definitive agreement will be executed prior to expiration of the extended term of the MOU.
Robin Curtis , a pioneer in the implementation of plastic-to-fuel technology and a participant in the proposed partnership, recently noted: “The market opportunity for plastic to fuel is even more promising today than it was years ago. It appears evident that the Plastic2Oil technology solved the problems that had been encountered in our previous attempts to implement plastic to fuel technology. We now look forward to the opportunity to implement Plastic2Oil technology.”
We are still in the process of negotiating a definitive agreement. If consummated, it is anticipated that the first site would house two P2O processors, and could eventually lead to deployment of P2O processors in 15 to 20 similar facilities. The initial purchase order will be for the two units currently in our inventory. Final assembly and testing of the units prior to shipping will require approximately six months from signing of the purchase order. Instrumentation and other necessary equipment will be secured prior to the shipping date. Several additional months will be required for installation after the units have been shipped.
We look forward to updating our shareholders upon the signing of a definitive agreement.
http://www.plastic2oil.com/site/news-releases...areholders
=====
Kudos to RH and P2O for being pro-active re: deadline
Merry Christmas to all P2O Investors who celebrate
4kids
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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