AI assistant
DE.MEM LIMITED — Capital/Financing Update 2020
Aug 16, 2020
64766_rns_2020-08-16_6e409802-a9e4-4b67-84c2-cf1c50f6c5fc.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX RELEASE | De.mem Limited (ASX:DEM)
==> picture [575 x 87] intentionally omitted <==
De.mem Receives New Purchase Orders Worth A$500,000
17 August 2020: Australian-Singaporean water and waste water treatment company De.mem (ASX:DEM) (“De.mem” or “the Company”) is pleased to announce that it has received new orders for the delivery of water treatment equipment. The total value of the revenues from the orders received is approximately A$500,000.
The orders relate to the supply of different types of water treatment equipment, including hollow fibre membrane elements, pumps, a control panel and software as well as other components, into the Australian mining and resources sector.
The execution of the orders starts with immediate effect and is expected to be recognized in CY2020 revenues. While individual orders are not material to the Company on a stand-alone basis, this provides further support to De.mem’s guidance of A$14 – 18 million in cash receipts and/or revenues for Calendar Year 2020.
Commentary
De.mem CEO Andreas Kroell said:
“ These new purchase orders are another great success and highlight the resilience of our business and demand from key target markets such as the mining and resources sector in the current environment.
This is another example of De.mem’s unique, “one-stop shop” range of water and waste water treatment products and services, appealing to a wide range of industrial clients who have an ongoing need for our products and services, despite Covid-19.”
This release was authorized by the Company’s Chief Executive Officer, Mr. Andreas Kroell.
-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] |
==> picture [532 x 26] intentionally omitted <==
==> picture [575 x 87] intentionally omitted <==
De.mem Limited (ASX:DEM) is a 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 is headquartered in Australia and has international locations in Singapore, Germany and Vietnam. It is commercialising 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 uniquely offered by De.mem include a revolutionary lowpressure 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.
==> picture [532 x 26] intentionally omitted <==