NTUitive-incubated Startup De.mem secures new $250k contract from Queensland regional council

Date: 31 Oct 2017

Water and wastewater treatment company De.mem Limited is pleased to announce that it has secured a contract worth approximately $250,000 from Maranoa Regional Council, Queensland.

De.mem is a Singaporean-Australian decentralised water and wastewater treatment business that designs, builds, owns and operates water and wastewater treatment systems for its clients.

De.mem operates in the industrial segment providing systems and solutions to customers from the mining, electronics, chemicals, oil and gas, the food and beverage industries, and in the municipal and residential segments. 

The project has been awarded to the company's 100% owned subsidiary Akwa-Worx in Caboolture, Queensland.

Akwa-Worx has a market reputation for building high quality Australian designed and manufactured products and has long-term customers in the Australian mining industry. 

De.mem's scope of work includes the delivery and installation of re-chlorination systems for a municipal drinking water reservoir. The project starts immediately with implementation planned to be completed prior to year-end.

The contract award brings the total contracts awarded in the last three months to approximately $1.05 million. De.mem secured a $500,000 contract to sell a water treatment plant in Vietnam in August 2017, and $300,000 of new contracts in Queensland following its Akwa-Worx acquisition in September 2017. 

These contracts further reinforce the significant progress that the company has made since listing on the Australian Securities Exchange in April 2017. 

The company is continuing to pursue a number of opportunities in its key growth markets including Australia, Singapore, Malaysia and China.

"We are delighted with the momentum we have gathered in the last three months," said Andreas Kroell, CEO of De.mem.

"Winning these contracts further positions De.mem for growth and provides the opportunity to rollout our innovative nanofiltration membrane technology.

"Through our acquisition of Akwa-Worx we have increased De.mem's presence in Australia and we are excited about the company's continued expansion."

Article Credit: https://www.insidewaste.com.au/general/news/1052504/demem-secures-usd250k-contract-queensland-regional-council

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