Uit de Cc van CEO Tom Rooney
The response that we've received from the oil and gas industry has been somewhat overwhelming and has included requests for face to face strategic meetings all over the world, as well as numerous requests for commercial proposals. Today in 2014, we have responded to close to $100 million in requests for commercial proposals for our products. That number far exceeds anything that the company has ever experienced.
As a result of the very strong feedback receiving from the oil and gas industry, emanating from just two short months of the industry exposure, we have decided to once again expand the number of our dedicated oil and gas sales and marketing professionals, as well as expanding our oil and gas engineering support team. The outlook is very promising.
I should also like to point out that we have expanded our site beyond the generic oil and gas industry to now include a number of important fluid inflows bound within the thin gas industry. These thin gas opportunities include ammonia, urea, methanol, nitric acid and several other downstream applications.
We have been pleasantly surprised by the strong positive feedback that we’ve received from the thin gas industry over the past two months. Our preliminary estimates suggest that the total addressable market for our products in the thin gas market is likely to be in excess of a $1 billion per year, making it roughly the same size with the total annual addressable market for our products in the more generic oil and gas market.
What makes this truly appealing is that the suite of products and technology that we have already launched for the sour gas processing market, are already well suited for immediate deployment into this thin gas industry.