FLC Selected By African Nation To Negotiate US$100M Plant
- 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
Global consultancy Frost and Sullivan recently awarded Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) "2018 Global Decentralized Water and Wastewater Treatment Company of the Year", noting in their award dissertation:
"Water is a fundamental part of life on earth; not only does it sustain people, but it also plays an essential role in sanitation, agriculture, and industrial processes. Without a sufficient water supply, communities suffer severe hardships including malnutrition, sickness, and even death. The swelling of the world's population is making water even scarcer and challenges communities to come up with quick and viable solutions to overcome the water scarcity problem.
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."
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.
Further information can be found at http://www.fluencecorp.com/
Fluence Corporation Ltd