Symphony Environmental Technologies PLC - Borehamwood, Hertfordshire-based plastics and rubber - Announces that Rivulis Irrigation Ltd has placed orders for d2p AI anti-insect products worth USD340,000 in July, following 2021 sales of USD65,000 which doubled to USD130,000 during the first half of 2022.
Symphony expects Rivulis to place further orders for d2p AI before the end of 2022.
"We are excited by this commercial progress, following an extensive development period. Our technical teams have worked together to bring this unique and valuable product to the market. The preservation and good management of water is essential, and we believe that sales of our d2p AI technology will continue to increase in both the short and longer term," said Chief Executive Officer Michael Laurier.
Current stock price: 18.90 pence, up 8.0% on Thursday
12-month change: up 0.8%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Symphony Env. (SYM)