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- Water and waste water treatment company De.mem (DEM) signs its first water treatment company with an Australian snow resort, Selwyn Snow Resort
- Under the contract, De.mem will remotely monitor the performance of the plant using the company’s monitoring platform
- The contract is for five years and has a total value of about $1 million in revenues and is expected to commence at the start of the June quarter
- On the market today, De.mem is up 2.08 per cent and trading at 24.5 cents per share
Water and wastewater treatment company De.mem (DEM) has signed its first water treatment company with an Australian ski and snow resort, Selwyn Snow Resort.
The contract is a build, own, monitor and transfer (BOMT) agreement and will see De.mem treat wastewater from the snow resort.
The treatment process is based on a membrane bioreactor process and includes hollow fibre membrane technology.
Following this process, the treated water is high quality and can be re-used/recycled by the customer.
Under the contract, De.mem will remotely monitor the performance of the plant using the company’s monitoring platform.
The contract is for five years and has a total value of about $1 million in revenues and is expected to commence at the start of the June quarter.
Selwyn is located in the northern part of the Kosciuszko National Park and is accessible through Canberra and NSW. The resort is planning to reopen on June 11, 2022.
This is De.mem’s first time its products and technology is deployed within a ski and snow resort.
CEO Andreas Kroell commented on the new contract.
“It incorporates a membrane process delivering superior treated water quality plus our remote monitoring platform, which allows us to monitor plant performance at any time,” he said.
“Our Build, Own, Operate solutions for industrial customers, driven by our unique membrane technology, form a key part of our offering and provide us with a unique position within the water treatment industry.”
On the market today, De.mem was up 2.08 per cent and is trading at 24.5 cents per share at 12:33 pm AEDT.
