Another NRthat in my view is less important than some of the updates we should have seen many moons ago.
Not sure that I deem this as being extremely significant, especially since they offer no quantification of the opportunity. Next NR can find another existing industry where their existing technologies could apply to. This all seems to be expanding on what they had done in the past, so if I was really excited by this, I would try to figure out their past emission monitoring revenues and apply some multiplier to it. I am not going to do that because in their targets of $100s of millions of dollars in revenues, it was Global-type business that seemed to be the biggest contributor to the top line. And we now know how much of Global-type business we may not want! So, I will wait until who-knows-when they start landing significant contracts and then see how it feeds into the financials.
I welcome a well reasoned rebuttal to make me excited. No immediate market reaction.
Where's the corporate update? By throwing it up there when they did, after so many months of silence, one could argue that it created an expectation of sooner rather than later.