Massive upside,30 Sep 2025 08:03
Received volume projections from Customer 3 for a single new item commencing in Q2 2026 with expected sales exceeding $5.0m in 2026, growing to $11.0m in 2027
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Commenced commercialisation and consumer testing for bulk salt with several multinational FMCG companies and food manufacturers
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Advanced discussions with major food manufacturers continue, with volume commitments of approximately (includes a strong pipeline with significant customer prospects at advanced stages):
o US$1.2m for the remainder of 2025
o US$6.7m for 2026
o US$13.0m-US$15.0m for 2027
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Successful launch of second major product line, MicroSalt® Premium, targeting the Quick Service and Fast Service Restaurants ("QSR/FSR") market with a focus on French fries; the product has been strongly received and is in final-stage consideration for rollout with a leading global brand