Prior to the final report being completed the trial has already yielded an on-going site level contract with one of the trial participants, while the other project stakeholders continue to access the EnviroSuite platform under the head office agreement. This follow on subscription provides a strong indication of the positive impact that EnviroSuite has already had at site level, with the system being integrated into site operations and being used to pro-actively manage odour issues by the business.
EnviroSuite continues to work with Thames Water to identify and assess further applications for the technology. At this stage, up to 20 Thames Water sites have been identified that could benefit from utilising the EnviroSuite solution.
While the terms of the most recent engagement remain confidential, following the $300,000 fee for the initial twelve month contract, the annuity component of EnviroSuite's offering is generally in the range of other commercial engagements at similar businesses, with options available for expansion depending on the evolution of business priorities.
About Thames Water
Thames Water Utilities Ltd, known as 'Thames Water', is the private utility company responsible for the public water supply and waste water treatment in large parts of Greater London, the Thames Valley, Surrey, Gloucestershire, Wiltshire, Kent, and some other areas of the United Kingdom. Thames Water is the UK's largest water and wastewater services company, and supplies 2.6 billion litres of drinking water per day, and treats 4.4 billion litres of wastewater per day from 5.1 million properties.
Since 2007, Thames Water has made average annual capital investments of GBP1.1 billion a year in its infrastructure alone. From 2015 to 2020 Thames Water has projected a total operating budget of GBP4.67 billion and over GBP4 billion in new capital expenditure including the installation of 900,000 smart water meters.
About EnviroSuite Limited
EnviroSuite Limited (ASX:EVS), is a global provider of monitoring and operational management services through its leading software as a service platform. The EnviroSuite platform presents a range of monitoring, management and reporting capabilities that are incorporated into a diverse array of operations from water treatment to large scale construction, open cut mines, food processing, port operations, environmental regulation and other industry uses. The leading edge software platform complements and facilitates the pace of technology adoption by industry and the growing expectations of communities the world over that hold environmental quality as key pillars to human health and wellbeing.
EnviroSuite offers a stand-alone software service through to a comprehensive platform to assist companies with their environmental monitoring, management and reporting requirements.
The EnviroSuite technology was developed, and continues to be driven and supported by some of the world's best minds in environmental monitoring and management. EnviroSuite is receiving increasing global recognition for its innovative platform that is quickly working its way into the everyday operations of industry.
Link: Thames Water update