Fluence Signs Agreement with Existing China Customer for Anticipated Aspiral™ Sales Estimated at Minimum US$45M over Three ...
October 12 2018 - 8:12AM
Business Wire
Aspiral™ units will treat wastewater along the
highway system in central ChinaApproximately 80 plants are expected
to be delivered during the coming 18 months
Fluence Corporation Limited (ASX: FLC) is pleased to announce
that it has signed today an exclusive partnership agreement with
ITEST in central China, to supply Aspiral™ Smart Packaged
wastewater treatment plants along the highway system under their
scope.
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the full release here:
https://www.businesswire.com/news/home/20181012005207/en/
Fluence will design and build Aspiral L4
units, pictured above, at its manufacturing plant in Jiangsu,
China, for this project. (Photo: Business Wire)
ITEST is responsible for the engineering consultancy and
supervision of the highway system in central China, including
management of its wastewater treatment requirements. In July 2018,
Fluence announced a sale to ITEST of an Aspiral™ 200 m3/day Smart
Packaged wastewater treatment plant for a highway service area in
China. This unit was shipped, delivered and installed within 6
weeks.
As a result of the successful execution of this project, ITEST
will now promote and implement Aspiral™ for the wastewater
treatment needs of other highway systems.
In accordance with the China Highway Construction Standards,
every 50 km of highway require a service area, which has an
estimated treatment capacity of 200-600 m3/day of influent flow of
wastewater. The agreement anticipates that an estimated 80 Smart
Packaged wastewater treatment plants comprised of Aspiral™ units
will be needed in the coming 18 months.
Pursuant to the agreement, for ITEST to maintain the
exclusivity, it needs to promote and implement a minimum volume of
66,000 m3/day to be delivered over the next three years with annual
minimum targets. This volume, which is anticipated to be placed in
accordance with the terms of this agreement, is equivalent to an
estimated US$45 million. The first implementation under this
partnership is expected to be booked and delivered before year-end.
For so long as ITEST meets those minimum volumes, it will be
granted exclusivity for the sale of Aspiral units to service
highways in central China.
Fluence Managing Director and CEO Henry Charrabé added: “As our
strategy in China starts to ramp up and deliver as we anticipated,
we are pleased to be working with a confident and forward-thinking
partner such as ITEST. This first large volume commitment to order
Aspiral™ is further evidence that our systems are an ideal
technology for the stringent requirements of Chinese rural
wastewater treatment, and we will continue to target this market
with this and other partners across the country, for various
applications.”
About Fluence Corporation Limited (ASX: FLC)
Fluence has experience operating in over 70 countries worldwide
and employs more than 300 highly trained water professionals around
the globe. The Company provides local, sustainable 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 and optimization of water related
assets. With established operations in North America, South
America, the Middle East and Europe, Fluence is also expanding into
China’s rural wastewater treatment market.
Global consultancy Frost and Sullivan awarded Fluence
Corporation “2018 Global Decentralized Water and Wastewater
Treatment Company of the Year”, noting in their award
dissertation:
“While typical decentralized water treatment systems are
relatively expensive, complicated, and inefficient, Fluence
Corporation leverages innovative and smart technology solutions
backed by decades of industrial know-how to excel in water and
wastewater treatment solutions. Fluence’s excellence becomes
apparent through its success, as the company continues to expand
its existing offerings as well as partnerships with other prominent
companies in the industry. With its easy to use, sustainable, smart
and cost-effective solutions as well as a remarkable year of
growth, innovation, and leadership, Fluence Corporation earns Frost
& Sullivan’s 2018 Global Company of the Year Award in the
decentralized water and wastewater treatment industry.”
Further information can be found at
https://www.fluencecorp.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20181012005207/en/
Corporate:Fluence Corporation LimitedHenry Charrabé
(USA)Managing Director & CEOE: hcharrabe@fluencecorp.comP: +1
212 572 3766orRichard Irving (USA)Executive ChairmanE:
rirving@fluencecorp.comP: +1 408 382 9790orRoss
Kennedy (Australia)Company Secretary & Advisor to the BoardE:
rkennedy@fluencecorp.comP: +61 409 524
442orInvestors (Australia):Market EyeRonn BechlerE:
ronn.bechler@marketeye.com.auP: +61 400 009 774orMedia
(Australia):Market EyeTristan EverettE:
tristan.everett@marketeye.com.auP: +61 403 789 096orInvestors
& media (USA):The Blueshirt GroupGary Dvorchak, CFAE:
gary@blueshirtgroup.comP: +1 323 240 5796 (US) or+86 138 1079 1480
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