- Water treatment company Clean TeQ Water (CNQ) places its shares in a trading halt relating to a capital raise
- The company will remain in the halt until Thursday, October 27, or when further details are released, whichever occurs first
- On September 30, Clean TeQ’s subsidiary, NematiQ, signed a deal with Schreurs & Sons for its water recycling technology
- NematiQ penned a memorandum of understanding with Schreurs & Sons to demonstrate its direct graphene membrane nanofiltration technology at its Victorian facility
- Shares in Clean TeQ last traded at 47.5 cents on October 24
Water treatment company Clean TeQ Water (CNQ) has placed its shares in a trading halt relating to a capital raise.
The company will remain in the halt until Thursday, October 27, or when further details are released, whichever occurs first.
Clean TeQ is yet to disclose how much it intends to raise or what it will use the funds for once received.
On September 30, Clean TeQ announced its subsidiary, NematiQ, signed a deal with Schreurs & Sons for its water recycling technology.
NematiQ penned a memorandum of understanding with Schreurs & Sons to demonstrate its direct graphene membrane nanofiltration technology at its manufacturing and packaging facility in Victoria.
Schreurs & Sons are one of Australia’s largest celery and leek growers and as it uses a considerable amount of water it uses it wants to reduce how much fresh water is uses.
NematiQ’s technology can filter bacteria, viruses and organics, and can achieve very high flux rates at low pressure.
Both companies will complete a larger scale pilot trial until the end of the year with the results to help inform a technical and economic evaluation of the technology.
Shares in Clean TeQ last traded at 47.5 cents on October 24. The company has a $21.21 million market cap.