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Envirosuite (ASX:EVS) and GHD to implement and refer EVS Water

ASX News, Technology
ASX:EVS      MCAP $64.67M
24 November 2021 17:44 (AEST)
Envirosuite (ASX:EVS) - CEO Jason Cooper

Source: Envirosuite/Facebook

Envirosuite (EVS) has signed two strategic agreements with GHD, who’s considered a highly regarded consulting group in the global water industry.

Under the agreements, which each span 12 months, GHD will support the scaling of implementation of EVS Water for water treatment facilities as well as leverage its global network to refer potential clients to Envirosuite.

EVS Water is Envirosuite’s water treatment software platform that combines water modelling and machine learning for engineers, plant operators, and asset managers to achieve compliance and better manage water treatment.

GHD is an existing Envirosuite customer and uses the EVS Water Plant Designer product for water treatment and desalination plants across the Asia Pacific.

GHD water market leader Chris Hertle was pleased to expand the relationship with Envirosuite.

“GHD has been using EVS water products since 2020 and we are currently embedding it into our design workflows. We recognise the power of EVS Water to add significant value to the objectives of major water projects and we are excited to be collaborating to implement the technology.”

Under the first deal, GHD will provide Envirosuite’s customers with technical support for the EVS Water products as they require water process engineering expertise. It will also support research and development activities for potential improvements.

The second one will see GHD help with delivering key components of EVS Water projects, as well as refer prospective customers to EVS Water. GHD will configure digital twins and review model configurations to ensure the digital twin projects perform well.

EVS CEO Jason Cooper commented on the agreement.

“The agreement will open the door for revenue opportunities for both companies and allow EVS Water to more quickly attack a multi-billion dollar global market in a more cost-effective manner as we benefit from GHD’s market reach and networks.”

While the contracts don’t have a specific minimum revenue nor referral targets, each site that’s brought in the new channel demonstrates the long-term viability of the EVS Water products.

Company shares were up 6.98 per cent to trade at 23 cents at 3:46 pm AEDT.

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