Fluence Corporation Limited (ASX:FLC) Exclusively Selected by African Nation to Negotiate US$100M+ Water Treatment Plant
September 13 2017 - 9:00PM
Business Wire
- Plant anticipated to provide
high-quality drinking water for more than one million people;
- About one-third of revenue is
anticipated in calendar 2018 and the remainder in calendar
2019;
- Fully financed project would prove
ability to enter new geography and solve challenging water
problems
Following several months of detailed discussions and evaluation,
Fluence Corporation Limited (ASX:FLC), a global leader in
distributed water and wastewater treatment solutions, today
announced the signing of an exclusive memorandum of understanding
(MOU) with an African nation to design and construct an advanced
water treatment plant. The plant would bring revenues of over
US$100 million to Fluence and provide up to 150,000 cubic meters
per day of high-quality drinking water to local communities.
According to the confidential MOU, a construction agreement will be
negotiated and signed between the parties by the second quarter of
2018.
The water treatment facility would treat local surface
feed-water to provide potable drinking water that fully complies
with the World Health Organization’s international drinking water
standards. To do so, Fluence developed a unique state of the art
technological solution that includes a smart intake system, a
cutting-edge membrane-based application, and chemical and physical
treatment technologies.
"Providing developing regions with highly innovative and
cost-effective water treatment solutions often comes with a tangle
of technological and regulatory challenges,” said Fluence CEO Henry
Charrabé. “The fact that Fluence could design, build and finance a
solution to meet this nation’s needs in a timely manner is a
testament to our team’s combined years of experience in treating
challenging waters to deliver high quality potable water to people
who need it most.”
The project is planned to be fully financed through a
government-backed export credit financing institution and would be
operational within a two-year period following contract
finalization. Fluence anticipates signing the agreement by the
second quarter of 2018, with anticipated revenue recognition for
Fluence of approximately one-third of the US$100 million total in
2018 and the balance in 2019.
About Fluence Corporation
Fluence Corporation is a leading global provider of fast
deployment, smart, decentralized and packaged water and wastewater
treatment solutions. Fluence has experience in over 70 countries
worldwide and employs more than 300 highly-trained water
professionals around the globe to provide local, sustainable,
highly innovative treatment and reuse solutions while empowering
businesses and communities worldwide to make the most of their
water resources.
Fluence offers an integrated range of services across the
complete water cycle, from early stage evaluation, through design
and delivery, to ongoing support, optimization of water-related
assets, operations and maintenance, and financing. The group has
core operations in North America, South America, China, the Middle
East and Europe.
For more information please visit our
website: https://www.fluencecorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170913006625/en/
Fluence Corporation LimitedUSAHenry Charrabé,
+1-212-572-3766Managing Director &
CEOhcharrabe@fluencecorp.comorRichard Irving,
+1-408-382-9790Executive Chairmanrirving@fluencecorp.comorThe
Blueshirt GroupGary Dvorchak, CFAUS: +1-323-240-5796China: +86
(138) 1079-1480Managing
Directorgary@blueshirtgroup.comorAustraliaRoss Kennedy, +61 409 524
442Company Secretary & Advisor to the
Boardrkennedy@fluencecorp.com
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