Metir plc has received a Project Confirmation Letter from Avanceon regarding its Continuous Toxicity Monitoring (CTM) project in Qatar, confirming a long-term commitment from Qatar General Electricity & Water Corporation (Kahramaa) and Avanceon. The project is expected to transition to recurring, high-margin consumables revenues of approximately £30,000 per month after the Phase 1 handover in October 2026, with potential expansion to 44 CTM systems in Phase 2, which could exceed £50,000 per month. The outstanding milestone payment is approximately £161,000, with an additional performance payment of around £44,000 to be invoiced. Issues related to Microtox® reagent handling in high ambient temperatures are being resolved, and a local laboratory facility is planned to support reagent production.
