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.