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DE.MEM LIMITED — Capital/Financing Update 2019
May 5, 2019
64766_rns_2019-05-05_1d00dd43-983a-4b28-93d5-346d7be01c92.pdf
Capital/Financing Update
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ASX RELEASE | De.mem Limited (ASX:DEM)
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De.mem secures $440,000 in additional orders
6 May 2019: Water and waste water treatment company De.mem Limited (ASX:DEM) (“De.mem” or “the Company”) advises that it has secured purchase orders from customers in Australia and Singapore valued at $440,000. The orders continue to underpin De.mem’s strong outlook for CY 2019.
The orders relate to the supply of a chlorination system for the generation of portable water and the delivery of bioreactors (aeration reactor vessels). Both are well-established product lines of De.mem.
The new orders include the extension of an existing Build, Own, Operate (“BOO”) agreement, under which De.mem operate a containerised waste water treatment plant in Singapore. The system deploys Ultra- and Nanofiltration membranes as the major treatment process, plus pre- and post-treatment.
The execution of the orders begins with immediate effect and is expected to be recognised in CY 2019 revenues.
Commentary
De.mem CEO Andreas Kroell said: “These additional purchase orders were received shortly after the Company’s milestone order for the supply of a A$2.8 million desalination plant and further underpin De.mem’s positive outlook for the remainder of the calendar year.
“De.mem remains well-placed with a strong tender pipeline and looks forward to updating shareholders on new orders and contract renewals across the coming months.“
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For further information, please contact:
De.mem Limited
Andreas Kroell
CEO De.mem Limited [email protected]
Media & Investor Enquiries Six Degrees Investor Relations Henry Jordan +61 (0) 431 271 538
About De.mem Limited
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De.mem Limited (ASX:DEM) is a Singaporean-Australian decentralised water and waste water treatment business that designs, builds, owns and operates turn-key water and waste water treatment systems for its clients. The Company 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 makes use of a portfolio of proprietary hollow fibre membrane technologies, which are commercialized as a key component within the Company’s water and waste water treatment systems. Some of the technologies were originally developed by the De.mem’s partner in research & development, Singapore’s Nanyang Technological University (NTU), and exclusively licensed to the Company. Those include a revolutionary low-pressure hollow fibre nanofiltration membrane and a hollow fibre forward osmosis membrane for de-watering or concentration of liquids. Through its wholly owned subsidiary De.mem-Akwa Pty Ltd (formerly: Akwa-Worx Pty Ltd), De.mem has a strong presence in Australia. De.mem-Akwa has a market reputation for building high quality Australian-made water and waste water treatment systems and has long-term customers in the Australian mining, infrastructure and food & beverage industries. 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 forward-looking statements depending on a variety of factors.
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