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DE.MEM LIMITED — Capital/Financing Update 2017
Sep 26, 2017
64766_rns_2017-09-26_178bf4b2-5003-4660-9d47-21f46f5830fd.pdf
Capital/Financing Update
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ASX RELEASE | De.mem Limited (ASX:DEM)
De.mem Awarded A$300,000 Of New Contracts
Highlights
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De.mem secures new orders through its recently acquired Akwa-Worx and Akwa Facility Maintenance subsidiaries
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Projects awarded have a total value of approximately A$300,000
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Contracts are with reputable customers from the mining sector and a luxury resort, all based in Queensland
27 September 2017: Water and waste-water treatment company De.mem (ASX:DEM) (“De.mem” or “the Company”) is pleased to announce that its 100% owned subsidiaries Akwa-Worx Pty Ltd and Akwa Facility Maintenance Pty Ltd have been awarded four new customer contracts, totalling approximately A$300,000.
De.mem’s scope of work includes:
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Delivery of a containerized sludge dewatering system to a company which is part of the Glencore group for deployment at a mining site in Queensland
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Delivery of a pump station to Metro Mining for deployment at the Skardon River project in Queensland
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Delivery of a chemical dosing system to M&K Pipelines QLD Pty Ltd, a Queensland-based small to medium sized company (SME)
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A short-term operations and maintenance agreement with a luxury resort on Hayman Island, Queensland. Under the contract, Akwa Facility Maintenance will operate the water and sewage treatment plants in the resort for a period of three months
These projects will start immediately.
Andreas Kroell, Chief Executive Officer of De.mem commented : “We are excited about these new project awards so shortly after completing the acquisition of Akwa-Worx and Akwa Facility Maintenance. The orders confirm the strong business platform of the Akwa-Worx companies. We see a strong potential for expanding this business into other regions in Australia as well as internationally.”
Shane Ayre, General Manager and Director of Akwa-Worx commented : “The contracts underline our solid customer base and robust project pipeline in our key target markets.”
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 decentralised waste-water treatment business that designs, builds, owns and operates customised and high-quality industrial waste water treatment systems for its clients. The company presents its product offering in two industry segments (i) the industrial segment where De.mem provides systems and solutions to customers from the electronics, chemicals, oil & gas and the food & beverage industries and (ii) the municipal and residential segment. The company has licensed a number of proprietary technologies from its partner in research & development, Singapore’s Nanyang Technological University (NTU).
De.mem is headquartered and has a manufacturing site in Singapore. To learn more please visit: www.demembranes.com
About Akwa-Worx
Akwa-Worx is a water and waste water treatment original equipment manufacturing (OEM) business, focusing on the design and construction of packaged systems for the Australasian market. Akwa-Worx has a strong market reputation for providing quality, robust systems that allow flexibility to accommodate changes in conditions and are engineered to suit both the long-term and short-term requirements of customers. Akwa-Worx is proud to offer the industry and Australian designed and manufactured product, with solid accountability at all levels of the design and construct phase. Increasing accountability demands by the market has seen Akwa-Worx well-placed to provide a quality engineered solution.
To learn more, please visit: www.akwaworx.com
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