Drosrite International signs contract with Radian for aluminum dross processing systems

Drosrite International entered into a fully signed contract with Radian to manufacture five DROSRITE 5,000 TPY systems and two 10,000 TPY systems for aluminum dross processing, plus spare parts over 20 years and an annual royalty stream. The down payment was revised to approximately $8M in four equal payments.

“The contract is a fully signed contract with Radian, that the previously mentioned letter of credit is not dependent on our financials, and more importantly work has already begun under this contract with Radian.”globenewswire.com

• 1 source
• globenewswire.comDrosrite International LLC Provides Update on BacklogDROSRITE International LLCJan 27, 2020

Summarized from public sources; check the original articles before acting on it.