Reading a firmer TekModo news release that states large volumes of coa pellets in tonnages, but as it is... no updates - even on these contracts, which as the press release states, further deliveries on - existing purchase orders - for 154 metric tons are expected with in the next quarter -:
Uhmmm - have we not surpassed the next quarter ? Hello !
And to think....
TekModo distributes are not subject to U.S. tariffs on foreign products allowing TekModo's activated carbon products to be very price competitive in the U.S. market. This stock dropped right out of the gates...
And.... Shareholders have waited how long fir news to help the SP ?
Wango~
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 8, 2016) - TekModo Industries Inc. (TSX VENTURE:TEK) ("TekModo" or the "Company") is pleased to report that it has successfully launched its activated carbon business. TekModo has delivered its first shipment (40 metric tons) of pelletized bituminous coal-based activated carbon. Further deliveries, based on existing purchase orders for 154 metric tons, are expected within the next quarter.
Activated carbon is a porous material with a very large surface area. The pores naturally capture pollutants, allowing activated carbon to serve as an effective filter of airborne and waterborne pollutants. Activated carbon is used as a filtration medium for liquid, odour, and gaseous applications such as water treatment, chemical, pharmaceutical, distillery, brewery and stack emissions. It comes in a variety of forms, including powdered, granulated and pelletized, as appropriate for the specific filtration application.
TekModo has the exclusive right, within Canada and the United States, to distribute bituminous coal-based activated carbon pellets produced by an offshore manufacturer. The pelletized product is specifically designed to meet the filtration needs for vapour or gaseous filtration applications.
TekModo is also seeking customers for bituminous coal-based granular activated carbon (GACs). GAC is designed to meet the filtration demands of a wide array of water filtration applications. The pellet and GAC products that TekModo distributes are not subject to U.S. tariffs on foreign products allowing TekModo's activated carbon products to be very price competitive in the U.S. market.
On Behalf of the Board of TekModo Industries Inc.
John Proust, Chairman & CEO
About TekModo Industries Inc.
TekModo is an established manufacturer and distributor of advanced composite panels, with existing revenue and a proven history of rapid growth. TekModo's composite panels are currently being used in the walls, roofs, floors and doors of RVs, buses and trailers. The Company has also advanced a number of products with applications in the construction, transportation, industrial filtration and defense industries. With a suite of intellectual property, research and development expertise, leading-edge manufacturing processes and a fully operational manufacturing facility, TekModo is poised to expand its commercial product base to exploit opportunities across a diverse range of industries. More information is available at www.tekmodo.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Read more at https://www.stockhouse.com/news/press-releases/2016/12/08/tekmodo-industries-activated-carbon-division-announces-first-contract#rICqJ2gr8yielZLM.99