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DE.MEM LIMITED — Capital/Financing Update 2018
Mar 5, 2018
64766_rns_2018-03-05_605ff223-4064-445d-9308-5ae7d7c5427b.pdf
Capital/Financing Update
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ASX RELEASE | De.mem Limited (ASX:DEM)
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De.mem secures $340,000 worth of new orders
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Orders are with customers in both Australia and Singapore
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Revenue base continues to grow strongly
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Project pipeline in Australia and Asia strengthening with more contract wins pending
6 March 2018: Water and waste water treatment company De.mem (ASX:DEM) (“De.mem” or “the Company”) is pleased to announce that it continues to grow its revenue base with $340,000 worth of new purchase orders from customers in Singapore and Australia.
Purchase orders have been received and the projects have commenced. The contracts include:
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Delivery of a containerized water treatment plant to El Questro Wilderness Park, Queensland, Australia;
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Delivery of additional equipment and spare parts to Bechtel Australia Pty Ltd (“Bechtel”), related to the order received from Bechtel in early December 2017 (ASX announcement: 4 December 2017);
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Delivery of a membrane based water treatment system to Aromatec Pte Ltd, a Singaporean company.
Commentary
De.mem CEO Andreas Kroell said: “The new purchase orders are very rewarding and immediately add to our revenue base. The contracts also illustrate our growing market visibility in both Australia and Asia.
“It is pleasing to see sales materialising in Singapore, a market that holds lots of potential for De.mem, and we are equally encouraged by the increase in the scope of supply to Bechtel Australia. It gives us excellent exposure in a large sector and shows the appeal of our products to EPC (Engineering, Procurement, Construction) companies such as this which have global footprint.
“Our project pipeline in Australia and Asia is growing and more revenue-generating contracts will materialise shortly. The outlook for the year is strong.”
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For further information, please contact:
De.mem Limited Media & Investor Enquires Andreas Kroell Six Degrees Investor Relations CEO Henry Jordan De.mem Limited +61 (0) 431 271 538 [email protected]
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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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