Corac Group plc (AIM:CRA) yet another study but when will revenue arrive from all this IP?
The study will focus on the use of CET’s compact compressor technology on an offshore gas production platform and is the first project undertaken for this new client. Its clearly encouraging but yet another study, even funded, remains some way from true commercialisation of IP.
The project sounds quite complex building upon CET’s existing compressor and power electronics technologies to define a system that meets the specific challenges of offshore platforms, which include weight, size…
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