Brings 2018 orders from this recurring customer to CDN $4.5 million
- Material follow-on sale to industry leader
- Further endorses film's unique strengths in crop protection, tree growth and yield enhancement
- Ongoing field trials with new growers should broaden customer base and drive revenue expansion
MONTREAL - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX), announces that it has received a CDN $2.7 million follow-on citrus film order from a major citrus producer. All amounts are in Canadian dollars.
"We are pleased to receive our third order this year from this industry leader," highlighted Mr. Joe Abbandonato, President and Chief Executive Officer of Imaflex. Despite some weather related sales timing issues, total citrus film orders from this customer now stand at CDN $4.5 million for the year-to-date. "This is a clear reflection of the unique benefits our film brings citrus growers." Not only is Shine N' Ripe XL effective at reducing the onset of citrus greening, it also boosts tree and fruit growth, which allows for earlier and higher yields, and a significantly shorter pay-back time for citrus growers, compared to current conventional growing practices.
The Corporation continues to actively pursue new citrus film customers. Current field trials with growers are going well and initial customer feedback is positive. "Based on this, along with the success of past studies, and the important sales wins to date, we believe this should translate into new customer wins and revenue expansion going forward," concluded Mr. Abbandonato.
Source : newswire.ca