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DE.MEM LIMITED — Capital/Financing Update 2017
Dec 21, 2017
64766_rns_2017-12-21_e2362a77-1e5e-49fc-b6de-4c971470cad7.pdf
Capital/Financing Update
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ASX RELEASE | De.mem Limited (ASX:DEM)
De.mem Further Boosts Australian Expansion with Contract Awards Worth A$800,000
Highlights
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Secured new contract awards worth approximately A$800,000 in total
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Scope of works is for the provision of an integrated water treatment plant
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The system will deliver potable water according to Australian Drinking Water Guidelines
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Further orders received for the delivery of equipment, in particular storage tanks
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The customers are a major hydraulic services contractor and one of Australia’s largest construction companies using modular technology
22 December 2017: Water and waste water treatment company De.mem (ASX:DEM) (“De.mem” or “the
Company”) is pleased to announce that it has secured new contracts worth approximately A$800,000 in total. The projects have been awarded to the Company’s 100% owned subsidiary Akwa-Worx Pty Ltd (“Akwa-Worx”) based in Caboolture, Queensland, Australia.
The first contract covers the delivery of an integrated potable water treatment system. The key components of the system include chlorine dosing and media filtration. The customer is John R Keith Group (“JRK Group”), a major hydraulic services contractor based in New South Wales. JRK Group intends to deploy the system at one of their projects in Delamere, Northern Territories. The system will deliver high quality potable water according to Australian Drinking Water Guidelines.
Two additional contract awards were received for the delivery of equipment, in particular storage tanks. These are containerized and mobile solutions for the storage of potable water or sewage. The customer is Ausco Modular Pty Ltd, Queensland, one of Australia’s largest construction companies using modular technology.
Andreas Kroell, Chief Executive Officer of De.mem : “We are very pleased to see this momentum in our projects business. These new contracts follow a series of project awards we have won over the past few months. The total value of major contracts awarded to De.mem since August 2018 is now above A$2.5 million. Combined with the developments on the technology side around our innovative membrane solutions, the outlook for the coming year is exciting.”
Ends
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For further information, please contact:
| De.mem Limited | Corporate Enquiries | Media Enquires |
|---|---|---|
| Andreas Kroell | Shane Wee | Julia Maguire |
| CEO | Director | Director |
| De.mem Limited | Alto Capital | The Capital Network |
| [email protected] | [email protected] | [email protected] |
| +61 419 815 386 |
About De.mem Limited
De.mem Limited (ASX:DEM) is a Singaporean-Australian decentralised water and waste-water treatment business that designs, builds, owns and operates water and waste water treatment systems for its clients. De.mem operates in the industrial segment providing systems and solutions to customers from the mining, electronics, chemicals, oil & gas and the food & beverage industries and in the municipal and residential segments. De.mem has licensed proprietary technologies from its partner in research & development Singapore’s Nanyang Technological University (NTU), including an exclusive worldwide license for a revolutionary low-pressure hollow fibre nanofiltration membrane. Through its wholly owned water and waste water treatment original equipment manufacturing (OEM) subsidiary Akwa-Worx Pty Ltd, De.mem has a strong presence in Australia. Akwa-Worx has a market reputation for building high quality Australian designed and manufactured products and has long-term customers in the Australian mining industry. To learn more please visit: www.demembranes.com
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