treatment technology that delivers reliable and cost-effective solutions to our customers. In short, we have developed a method of reverse osmosis that brings industry leading clean water recovery rates at less than half the upfront capital cost and one third the operating cost of our closest competitor.
Through our patented reverse osmosis water treatment solution Phoenix is pursuing business opportunities throughout the Mekong Delta to treat brackish river water to drinking water standards. We are also pursuing private sector opportunities in food processing, particularly in the shrimp industry. Long-term Phoenix will look to capitalize on seawater desalination opportunities in the coastal and island regions of Vietnam.
Our water treatment solution is also effective in treating industrial and municipal wastewater. Vietnam represents a large opportunity in both these sectors.