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DE.MEM LIMITED — Capital/Financing Update 2019
Aug 27, 2019
64766_rns_2019-08-27_7b6e8885-4beb-453e-a1bc-67897416f075.pdf
Capital/Financing Update
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ASX RELEASE | De.mem Limited (ASX:DEM)
De.mem receives first orders in key target markets
28 August 2019: Australian-Singaporean water and waste water treatment company De.mem (ASX:DEM) (“De.mem” or “the Company”) is delighted to announce that the Company has received purchase orders (“PO’s”) from customers in new, important target markets and geographies, providing a platform for future growth.
The two orders received have a total value of A$350,000, comprising the delivery of a water treatment system to upgrade an existing vehicle wash facility and a containerized waste water treatment plant.
The water treatment system for the vehicle wash facility was ordered by a Western Australian government organization.
The waste water treatment system will be delivered to a corporation from the Food & Beverage sector based in the Pacific Islands region. It combines different filtration processes with the objective to treat waste water from a factory to regulatory discharge standards.
Both orders are significant milestones for De.mem, as both Western Australia and the Pacific Islands present substantial commercial potential for the Company.
Many of De.mem’s existing customers from the mining industry in Queensland also have operations in Western Australia, creating a logical opportunity for expansion of existing customer relationships.
The Pacific region with its strong Food & Beverage sector is an important target market for De.mem, and can be served well from the group’s main Australian location near Brisbane, Australia.
De.mem CEO Andreas Kroell commented: “These orders are significant milestones for our company as they confirm our capability to deliver into these important target geographies, Western Australia and the Pacific region. They provide a strong platform for our company’s planned regional expansion.”
-ENDS-
For further information, please contact:
| De.mem Limited | Investor Enquires | |||
|---|---|---|---|---|
| Andreas Kroell | George Gabriel, CFA | |||
| CEO | Managing Director | |||
| De.mem Limited | Bletchley Park Capital | |||
| [email protected] | +61 3 8686 9144 | |||
| [email protected] |
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De.mem Limited (ASX:DEM) is an Australian-Singaporean decentralised water and wastewater treatment business that designs, builds, owns and operates turnkey water and wastewater treatment systems for some of the world’s largest companies in the mining, electronics, chemical, oil & gas, and food & beverage industries. Its systems also provide municipalities, residential developments and hotels/resorts across the Asia Pacific with a reliable supply of clean drinking water.
De.mem’s technology to treat water and wastewater is among the most advanced globally. The Company has commercialised an array of innovative proprietary technologies from its research and development partner, Nanyang Technological University (NTU) in Singapore, a world leader in membrane and water research. Technologies exclusively licensed from NTU include a revolutionary low-pressure hollow fibre nanofiltration membrane that uses less electricity and is cheaper to operate than conventional systems, as well as a new Forward Osmosis membrane deployed in de-watering applications or the concentration of liquids.
To learn more, please visit: www.demembranes.com
Forward Looking Statements
Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of De.mem Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forwardlooking statements depending on a variety of factors.
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