Trojan Technologies Inc. - T.TUV Message Board

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Gold/Mining/Energy : Trojan Technologies Inc. - T.TUV

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To: Greg R who started this subject	10/31/2000 7:03:02 AM
From: Greg R	of 127

Canaccord issues BUY recommendation BUY Trojan Technologies Inc. (TUV : TSE : $4.50 : Issued 17.1M) Elford * Trojan reported Q4/f00 financial results that were in-line with our expectations * The highlight for Q4/f00 was a better-than-expected sequential jump in gross margin, from 27.8% in Q3/f00 to 38.6% * Although the municipal wastewater market has seen many delays over the last year, the market is far from dead ¾ new quotes are running at 400 million annually, and the current inventory of active projects is roughly $1.5 billion * Meanwhile, since June of this year, Trojan has issued $62 million in quotes for its new municipal drinking water product, the UVSwift, and this figure continues to grow * We believe the risk reward profile of TUV shares is excellent at the current level given the potential of the UV market over the next several years

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