Business Update and Half Year Financial Results
ASX:FLC) (OTCMKTS:EMFGF) ("Fluence" or the "Company"), a global leader in fast-to-deploy decentralized water, wastewater, and wastewater-to-energy treatment solutions, today announced its financial results for the six (6) months ended June 30, 2017 and provided an update on operations and post-merger progress. Fluence Strategy To Sustain Growth and Achieve Profitability
Henry Charrabe, Managing Director and CEO of Fluence commented:
- The Fluence merger is proving to be successful through the efficient integration of former Emefcy and RWL Water teams into one major, global, water, wastewater and reuse company with a complete suite of treatment solutions focused on the decentralized market segment; an estimated US$22B market by 2021.
- All critical success factors are now under the Fluence banner: a proven global management team, breakthrough technology, Smart Packaged Plant solutions, global reference customer base, global manufacturing, and regional market segment leadership which we seek to globalize.
- Key proof points already in place: China demo plants in successful operation, China commercial contracts being deployed and under negotiation, manufacturing plant on track for initial production within a month, and expanded manufacturing in Argentina underway to tap the huge Latin America opportunity.
- The group is targeting sales of US$90 million for CY2017, including an increase in revenue from Smart Packaged Plant sales of 300% year on year.
- We are pleased to report that the prestigious Wuxi Municipal Design Institute has now formally confirmed the quality of MABR treated water as meeting Class 1A effluent standards in its certification report.
- Post-merger, Fluence's combined teams have fully designed fast-to-deploy MABR Smart Packaged Plant solutions, which are now offered to the market in several key sizes for the rural wastewater treatment segment in China.
- China is adopting a phased roll out of wastewater treatment systems to rural villages. We expect our strategic partners to initially install a small number of MABR plants to fully assess their capabilities across different water quality spectrums, climatic conditions and water quantities, before an expected significant take-off in the next eighteen months. This rate of adoption benefits Fluence, as our strategic partners, Smart Packaged Plants, and expanding manufacturing capacity help to position the Fluence solution as a viable standard and enhance the company's market position.
To view the full release, please visit:
http://abnnewswire.net/lnk/0ITOQ9Q6
To view Preliminary Half-Year Report, please visit:
http://abnnewswire.net/lnk/V7EDN69M
About Fluence Corporation Ltd
Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) 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 recently 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 http://www.fluencecorp.com/
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Fluence Corporation Ltd
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