Transcription:
Riggs: Good afternoon, and welcome to the CEO Briefing of 13 June.
What we have here is a of couple things that are developing. I discussed them this morning in the CEO Update, and I also discussed it later on MoneyTV, and I really recommend you go ahead and check MoneyTV when it comes out later tonight or early tomorrow morning. But it basically follows up on the CEO Update.
First of all, the sleeper product that we have discovered in the first half of 2019 is not what we expected at all. A pump station is basically a vertical shaft with a pump at the bottom. Also called lifting stations. This is something that is an extremely simple device that we have looked down upon ever since we started Modular Water SystemsTM a year ago. We kind of were dismissive of it because it's not world changing. It's a very simple device. It's a shaft with a pump at the bottom. It can be a wet well or it could be a dry well, and as I was saying earlier, you can look it up by Googling “lifting station EPA”, and it's a very good introduction by the EPA on how these things work with nice diagrams and so forth.
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