MYCELX Technologies Corporation Revises Revenue Guidance for the Fiscal Year 2022

MYCELX Technologies Corporation is a clean water and clean air technology company. The Company provides clean water technology equipment and related services to the oil and gas, power, marine and heavy manufacturing sectors. MYCELX systems provide removal of hydrocarbons, PFAS, and other difficult contaminants from water and air over conventional treatment systems. Its technology, MYCELX Polymer, permanently removes oil from water upon contact, preventing the reentry of oil into the water stream. The MYCELX Polymer uses molecular cohesion to instantly remove oil from water, reaching critically low levels for discharge or reuse. MYCELX products permanently bind with hydrocarbons and remove free and emulsified oils and associated hydrocarbons. The MYCELX Polymer is integrated into engineered substrates for diverse uses in multiple industries. Its systems remove crude oils, condensate (from gas production), tar, waxes, asphaltenes, gasoline range and diesel range hydrocarbons, and others.