The Company acts as an agent in a turbine supply arrangement involving two 500 kW turbine units delivered to a customer in Turkey through Vaigunth Enertek Private Limited, which was responsible for manufacturing, testing, and delivery. The Company facilitated the transaction and provided support but did not record the gross contract value as revenue. An initial deposit was paid directly to Vaigunth Enertek, with the remaining balance outstanding. In green methanol production, the Company is developing a project in Portugal through a Joint Venture Agreement with Start Lda. HyOrc provides technology and funding, while Start Lda supplies processed municipal waste as feedstock, land, permits, and potential off-take arrangements. The pilot facility is under development and not yet operational. Suppliers referenced include Joule Energie, Start Lda, and Vaigunth Enertek Private Limited.
Hyorc's Comment on Supply Chain
The Company acts as an agent in a turbine supply arrangement involving two 500 kW turbine units delivered to a customer in Turkey through Vaigunth Enertek Private Limited, which was responsible for manufacturing, testing, and delivery. The Company facilitated the transaction and provided support but did not record the gross contract value as revenue. An initial deposit was paid directly to Vaigunth Enertek, with the remaining balance outstanding. In green methanol production, the Company is developing a project in Portugal through a Joint Venture Agreement with Start Lda. HyOrc provides technology and funding, while Start Lda supplies processed municipal waste as feedstock, land, permits, and potential off-take arrangements. The pilot facility is under development and not yet operational. Suppliers referenced include Joule Energie, Start Lda, and Vaigunth Enertek Private Limited.
Sources:
Hyorc Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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