get on on afternoon opportunity Robert. morning today. the am where to to Good excited call, depending Thank good to with speak all may be. I you you you, everyone or the
technologies. variety company following followed of you long career of those have in a mid-September, took across treatment, that companies on chemicals with a a emphasize as I clean CEO closely water the global energy now, industry As our and
quarter, ground that the LiqTech's As was having enabled. opportunity my of belt, XXXX. company's close briefly are that the and believe I introduced Today, technologies amplified. to with uniqueness seen I the the membrane I I last silicon at technology, six months mentioned carbine in technology is where first feeling was only under
and have a technological highly leverage years advantages, to value ahead competencies in come. the sustainability opportunity us and growing of unique We profitable tremendous to brand to build our business a
is, is few big the there months a So question different what how ago? we do today versus and get
our large in accelerate revenue we Following quickly have personnel commercial opportunities. team to resulted the now, sales already sales recurring larger and of These to expansion my appointment revenues key actions on with much appointment, pipeline a reliable of clear system and prospects define swimming opportunities. staffing membrane moved growth. pool, strategy senior included actions the recurring of the revenue DPF, business plastic and more has we as and the and hiring initial corporate a of a My vision leadership and focus
in systems pool is that our leveraging last system systems just Aqua commercial same point, three full pool for New membrane. enhanced in received to order we Solution which supplied filtration extension XXXX. solution, a swimming water To This week, complete deploys swimming large commercial of project a Zealand, customer filtration an
a months. the membrane nearly for a to at past elements business. order illustrates significant since XXX on focus represent element Membranes type a we September, opportunity From have for membrane of end the and us. X,XXX recurring repeat of closed membrane consisting additional closed our strategy This elements orders sale large standpoint, of over few an
Last DPF sales flow. increase tide incremental with business. from as year, has don't from X.X% has quarter which the our been existing we few On reengaged X a expecting the XXXX years. the decrease drive In to show accounts team our order to here, fourth we most growth tremendous are and a the quarter, the past the expect X.X% objective where stem DPF recent in side, the
quarter, year Finally, driven expecting plastic in a the a This XXXX. we quarter material order area the from large on side, the of end at the the increase is we of first are X mainly development. biological-based XX% by received last in
plastics million some our total. swimming products and in DPF were give and perspective, year, $XX last to the To pool, services around
look those in gross point. our XXXX, reduce throughput will the improve strong of breakeven margins which business, and and improve to ultimately We numbers on manufacturing the our make will increases flexibility
However, we're not ignoring our systems business.
team done can add excellent in and our offer customers. value superior fact, where has identifying solutions performance our to areas job an In our
in play of can or two monoethylene recovering this, end and as role industry in evidence markets system last months, for few the future As our key as new orders industry, MEG we wastewater metro a treatment the the received processing for that growth. for gas well in the solutions significant glycol systems area
system regeneration This have Fed MEG company verified the membrane order test. major technologies, offshore the performance of membrane technology carbon and silicon operating already When from oil other in for accent completed demonstrated order to a significant project Europe pilot has X-part our in performance an first the to is process. have U.S. MEG improvements a where compared MEG we
site We this that the on will years. be improvement validated coming in next expect
facilities, formation lower widely in the MEG common, the reduce subsea For exposure pipelines for used those producers not deepwater used could inhibition. wellheads In familiar, in oil pipelines hydrate have gas cause of is a gas the MEG is hydrate to blockage. pipeline. temperatures by That and risk to and in is production we offshore
Denmark, market metro but for industry is the The a large in company. worldwide system wastewater application for processing treatment the order addressable represents potentially for
long-standing membranes the other they from challenges our leveraging carbon heavy can toxins. for influence been silicon have and processing Customers historically can overcome now water Diluted demanding fit industry. challenge meters that the major a preparatory has that By and substances faced.
our our partners results. also drive that Middle revenue continues for addressing is note technology I and water the tremendous East recurring to with Beyond cooperation gas our aftermarket think agreement market. for where new study this and these produced due production and treatment agreement provide in to oil for growth agreements, Not important to demonstrating activity, the a our company also but component tremendous only help case of the this does creates to it
Our team believe opportunities Middle the and this East I cycle is made. solution. a longer aggressively is pursuing lead being in is progress where
efforts, three another key access new component and to have Since of verticals. that selling commercial market our signed agreements be the November, reach geographic strategy partnerships. in direct we Beyond call our will in distribution will creation important our expand
and African we National NESR, Services region. of with integrated agreement November, agreement will in an Middle Reunited North provider traded in First, international entered the services or Energy a East be The Middle public focused service leveraging in and the organization produced within close Africa relationships gas our and water customer oil NESR has a on treatment and industry. strong capabilities North solution filtration for East reinjection. energy
solutions evaluation the across NESR technologies its segments, bring drilling, As service the is new to of production industry-leading into looking and region. provider the
is a look especially going which into its perfectly develop viewership fits Additionally, customers through goal to the forward. impact enhance both decarbonization, primary ESG technologically to objectives. their and sub-segment beneficial water solution, the relationship within import help is resource, to We treatment LiqTech's and forward jointly focus. a segment, Solution NESR's mutual
And Solution, the in water agreement December, cooperation entered phosphoric offered with a for Wastewater for treatment we by solution reduction acid an a LiqTech system. A prepetition of U.S.-based crude which technology, and from our specializing is electronic acid unique for silicon petrification of Ecolotron system phosphoric In combination streams. both is on commercialization purification. Ecolotron solution a combined and electrochemical the a based oxidation ceramic of carbon electrons purification
more a on this throughout the should program. for application patent combined We have solution. filed year We joint this updates have
and water month, in And solutions water platforms waste system biometric Singapore. membranes. to agreement the distribution water next-generation we and ceramic, entered such last membranes design, Liquinex to the integration of compact technologies treatment as supply specialized graphic a and for using Liquinex into treatment fabrication
Singapore, has Liquinex silicon water the membranes used entities as the agents aquaculture cooling well their and recycling, ceramic Philippines our water Water and supply and human applications. carbine other as systems, calibrated private public In industry Singapore Liquinex past, tower with Indonesia. in for Malaysia, clearing
and two in believe we into efficient entering effects solutions more water our to expand increased Asia. scarcity this will mitigate our see distribution closely I providing agreement technology and these become in in agreement, Southeast aligned from relationships By will this in of companies performance XXXX. change climate countries
have Where successfully also co-filtration expenses drive discretionary our flow during we having cash and costs primary improved commercialize develop focus revenue and is to reduced fixed profitable growth, both technology operating XXXX. our further to
expenses by our in period, million, and quarter point. quarter to from continued excluding XXXX prior trend revenue XXXX, the to Importantly, operating breakeven X substantially million to annual reduce any X lower hoping reduced operating we $X.X to sequentially reported $X.X restructuring expenses compared year XX% expenses
impacting balance end can that $X which third Compared a to based but breakeven is profitable and quarter cash will a hit we are quarter I With we still concerns inflation. improvement interest the not Nevertheless, operating progress. with us making is significant from around few ideal. backdrop believe we quarterly the our business decreased on of still by a on were million. revenue more a $X million, energy-related quarters are are XXXX, the rates to Where significant confirm deliver where bit numbers ago. along on track I Simon higher sequential
of the about XX% look fourth and booked million, we flat first revenue delivery As systems we the $X with year. the which in increase with Much components recurring the revenue about was ago attributable of are the from is recently set an expecting later for to the year of most through first quarter representing quarter, quarter.
to with in comments call me call will few With over open which Simon, the financials that, proceed. turn more the wrap then to review please the your detail, I questions. up after Simon and to a let
