and environment thank and dollar global a potential inflation, supply economic rising with you us. chain Jim, challenging a you, interest everyone strengthening rates, lingering issues. recognize recession, joining today's We for Thank
not We macro these immune events. to are
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a continue sixth year. our We revenue record will anticipate mark consecutive QX, which to record
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take for environment, risks XXXX. believe confident as right is successes the We also prospects. about long-term next as and through our despite even strategy, will with headwinds then and any for discuss this well guidance outlook year our positioned are well these globally our that, you Josh and for we feel we will today. technology takeaway The
of In water a As with places water a pace that will usual, globe. business. evident seems start headlines, low across is we scarcity increasing at our levels water XXXX, it Europe, There heightened ring stable and step more and Growing Italy of across world. a created around and LATAM solutions sources the the for highlights freshwater. the Western sustainable desperate scarcity States, England, Mississippi, United in with -- issue record in this is in need the as highlighting new the that U.S., are throughout water
of and solution. that Our part water industrial are desalination business, including both wastewater the
available. invest the leader Pressure QXXX. For industries. these launched In Exchanger, new in of capacity continue this markets, innovative the forefront remain products newest to reason, to and market October, in our QXXX is highest PX remain most to The growing and we our these we at efficient the dominant PX
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Pressure recently also low-pressure for applications. much is of which aquifers, announced as desalination, example Exchanger We such a water typically seawater new than water this One requires pressures lower underground brackish desalination.
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responsible and of targets. To our desalination will to team, for we have hold continue and these ourselves aggressive targets $XXX will to meet through we in XXXX our position million in on for target XXXX We competitive sum up, beyond delivering our strengthen set revenue.
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backlog, our revenue to our in we comfortable double feel Given our ability in XXXX.
are For XXXX, a of million targeting we $XX million. range $XX to
Now to turn business. our let's COX
focused new interest stated, we We're an for with from on in the achieving refrigeration volume by and previously partner-related orders energy continue comfortable As increase to sales and the evidenced the technology start of update activities. see as and XXXX. recovery. field we OEM have the our growing results are I'll market, sales activity partners an exciting with by an and our times others. It's in
initially But has in will cooler be installation less we're expected Vallarta G in our California. the experienced few it early we commissioned we the because at weeks. first than Supermarkets Europe. expect is unit now those data The PX in successfully provide our transforming as too to been efficiency entering here gains months, by reliably we past First, the
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summer. running weeks early delivered have PX liked the but have not days in when in due ancillary G we we resulted of gains However, incurred some much G, running these in PX commissioning relating as equipment, delays issues hardest the experience XX% to up during as which to has efficiency to the would the
deployment are We also next on year. discussing an locations of partner those with We in potential XXXX. have more to update our early on hope for
has our G deploying we likely the Our in optimize PX here our their announced COX working their in technical in system team of which early with call XXXX. intention a whom enabled supermarket as US will in with first August, the been partner, system architecture US-based occur to
end units we addition, this multiple customers other through to year XXXX. of early ship and the In expect to
quarter will first we in our fact, revenue recognize year. this fourth of the In
this path to While our not revenue sales. volume in may be it marks very milestone major a material,
Gs Importantly, these locations an two sales units to already and X Europe. XXXX. in be PX include the our also will Europe in to first are discussing installations for we multiple industrial utilize for sites first locations These future partner
on We earnings on you be upcoming in able these update our February. year-end will call shipments to
design, in technology in pump but part were see the uptick at an of weeks have one was high since. in OEMs conference largest to activities these and held from trade This the at published EPAM annually follows recently and and from have the increased We we reference heat to to refrigeration heating participation European Germany. in manufacturers. our response show our the technologies the and disruptive refrigeration a conference is of in interest discussions our only led Finally, begun also both heat interest capabilities
business. Our are milestones for early our significant partner success
energy industries of are provide and three, heat Two, applications; challenges their our can that consistently and consumption refrigeration as both the address desalination. have new is and products the hungry COX in showing refrigeration value heating to just XX one, with reducing done by future are help that; years COX for systems. concrete We pump technologies we over that
must forward to begin to sales. As volume on we we XXXX, look deliver
provide market. startup Our Therefore, COX just a the to is business too backend. to beginning exclusive enter is it early and
to exit Michael you sales a single-digit of on million tell to and half through revenue our be a $XXX volume for pipeline second can that, I that to to have that in millions. XXXX remain what weighted lot work and/or with sales We the of targeted we year, to is millions achieve likely in double-digit However, the markets. in $XXX would these are XXXX, – is clearly do backlog showing million XXXX. any the points to XXXX in
we place. the believe well product end launch that of expand In in drive account sales our there the our our potential strong and through and demand industry. for marketing invest technology in OEM talent, are to We and as strategy three, users, vast we continue providing the interest targets is sales on we and and market technology support used while put after most meeting and platform gaining and technology; technical technology investments However, further with industry acceptance PX to from the we'll further required volume engineering commissioning metrics industrial the pump in our to the XXXX, be and is disciplined applications. our resources brand we of believe improvement architectures PX, have in Supermarkets we technology. of pipeline as heat in increasing customers name growth provide as the as the further further and service we one partner nature by our efficient provide build to closely will supermarkets and management
strategy. continue the execute We to on
We we Josh. have despite has to year business. laid for this hand headwinds several economic our and significant quarters. out making last let this grow progress the call continue over And me With the you to global that, brought, are over
