NTUitive-incubated Startup De.mem wins new dewatering and water treatment contracts

Date: 28 Sep 2017

De.mem is headquartered in Singapore

De mem Ltd’s (ASX:DEM) subsidiaries have been awarded four new dewatering and water treatment contracts totalling circa $300,000.

De.mem is a decentralised waste-water treatment business that designs, builds, owns and operates customised industrial waste water treatment systems for its clients.

The scope of work for the new contracts include the delivery of a containerised sludge dewatering system, a pump station and a chemical dosing system to certain mining sites in Queensland.

De.mem has also entered into an operations and maintenance agreement with a luxury resort, also in Queensland to operate the water and sewage treatment plants for a period of three months.

These projects will start immediately.

De.mem is headquartered in Singapore and has a manufacturing site in the country.

The company’s product offering is in two segments; the industrial segment serving electronics, chemicals, oil & gas and the food & beverage industries and the municipal and residential segment.

Winning these new projects follows the acquisition of Akwa-Worx and Akwa Facility Maintenance, underlining the company’s expanded customer base and a robust project pipeline.

De.mem’s share price increased circa 8% in the last one month and closed at $0.34 on Wednesday.

Article Credit: http://www.proactiveinvestors.com.au/companies/news/184674/demem-wins-new-dewatering-and-water-treatment-contracts-184674.html

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