Following several months of detailed discussions and evaluation, Fluence Corporation Limited (
- 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 (ASX:FLC) (OTCMKTS:EMFGF) is a leader in the decentralized water, wastewater and reuse treatment markets, with its Smart Products Solutions, including Aspiral, NIROBOX, NIROFLEX and SUBRE. 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, as well as Build Own Operate Transfer (BOOT) and other recurring revenue solutions. With established operations in North America, South America, the Middle East, Europe and China, Fluence has experience operating in over 70 countries worldwide and enables businesses and communities worldwide to maximize their water resources.
Further information can be found at http://www.fluencecorp.com/
Contact
Fluence Corporation LimitedUSA
Henry Charrabe
Managing Director & CEO
Email: hcharrabe@fluencecorp.com
Telephone: +1-212-572-3766
USA
Richard Irving
Executive Chairman
Email: rirving@fluencecorp.com
Telephone: +1-408-382-9790
Gary Dvorchak, CFA
Managing Director
The Blueshirt Group
Email: gary@blueshirtgroup.com
Telephone: +1-323-240-5796 or
China: +86-138-1079-1480
Australia
Ross Kennedy
Company Secretary & Advisor to the Board
Email: rkennedy@fluencecorp.com
T: +61-409-524-442
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