- 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
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 Charrabe. "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 Ltd
Fluence Corporation’s (ASX:FLC) (OTCMKTS:EMFGF) vision is to become a leading global provider of fast-to-deploy decentralized and packaged water and wastewater treatment solutions, a market estimated to grow to US$22B by 2021*. 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 core operations in North America, South America, the Middle East and Europe, one of Fluence’s main focuses will be expanding into the vast market in China for rural wastewater treatment.
* Sources: MarketandMarkets Analysis, Global Water Intelligence, company estimates
For more information please visit our website: http://www.fluencecorp.com
Fluence Corporation Ltd