Awarded First NIROBOX(TM) Recurring Revenue Desalination Project
- Fluence awarded its first Build Own Operate Transfer (BOOT) project for a resort
- Three Smart Packaged NIROBOX(TM) units to be deployed in North Bimini, Bahamas
- Short implementation timeline with commissioning expected by year end
The contract with Rav Bahamas Limited is for the supply and installation of three smart packaged Fluence NIROBOX(TM) SW units at their Resorts World property, located in North Bimini, Bahamas. The NIROBOXTM SW units are already manufactured and will treat three million litres per day (800,000 gallons per day) of seawater from a well intake and provide potable water for drinking, irrigation and operations for the resort, including the newly built Hilton hotel, the local homeowner's association serving over 300 homes and condominiums, and the municipality of North Bimini.
Strategically, Fluence is seeking to leverage this project into further opportunities in the hotels and resorts industry for its decentralized, smart-packaged water treatment solutions, due to their high reliability, lower energy consumption, low maintenance and small footprint.
This is Fluence's first Build, Own, Operate & Transfer (BOOT) contract in the Bahamas. The agreement with Rav Bahamas Limited will further increase recurring revenues for Fluence.
Commenting on the North Bimini project, Fluence Managing Director & CEO Henry Charrabé said: "We are excited to partner with Rav Bahamas and are pleased to see the continued expansion of applications for our NiroboxTM decentralized smart packaged water treatment technology solutions. The first NIROBOX(TM) SW deployment in the Bahamas and our first BOOT project for a resort are both strategically important. Our ability to provide financing made this project even more appealing to the customer and allows us to increase recurring revenues for Fluence. We hope this will be the first of many projects with Rav Bahamas and in the Caribbean generally."
Gerardo Capo, Chairman of RAV Bahamas Limited, commented: "Following a tender process to replace our old seawater desalination plant, we selected Fluence as the potable water provider for our Bimini resort community. We chose Fluence and its Nirobox system due to their expertise, high reliability, small footprint and fast project execution. We look forward to a long term and close cooperation with Fluence."
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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/
Fluence Corporation Ltd