Ralph Weil's questions to Nephros Inc (NEPH) leadership • Q3 2024
Question
Ralph Weil of R. Weil Investment Management questioned the current impact of ASHRAE regulations, requested more specific details on new growth initiatives like dental and microplastics, and asked for an update on the status of the commercial beverage business.
Answer
Executive Robert Banks stated that regulations like ASHRAE 514 and ST108 are beginning to drive inbound calls and opportunities as facilities in states like Ohio and New Jersey create water management plans. Regarding new initiatives, Banks pointed to recent press releases on new products and disaster recovery as indicators of their strategy and noted a robust R&D pipeline. On the commercial beverage business, he described it as 'piping along' through partners like Donastar but acknowledged it had not met initial growth expectations and was not a primary focus.