Joseph Vidich's questions to NORTHERN TECHNOLOGIES INTERNATIONAL (NTIC) leadership • Q4 2024
Question
Inquired about the status and timeline of a U.S. certification for Zerust Oil & Gas technology, its potential impact on global adoption, and recent business developments in South America, particularly Brazil.
Answer
An API change regarding VCI use is expected in late fiscal 2025, which should boost credibility and adoption in the U.S. and subsequently globally, as many regions follow U.S. guidelines. In South America, there has been strong growth in Brazil's oil and gas sector, particularly with Petrobras and its suppliers, prompting the company to invest in expanding its infrastructure in the region to support further growth.