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Envirosuite (ASX:EVS) partners with Aeroqual to leverage combined tech

Technology
ASX:EVS      MCAP $64.67M
04 November 2021 13:30 (AEST)

Source: Aeroqual

Envirosuite (EVS) has signed a memorandum of understanding (MoU) with Aeroqual.

Aeroqual specialises in technologies that monitor air quality. Its integrated sensing and software platform claims to solve air quality monitoring challenges for environmental, health and safety professionals in over 100 countries around the world.

Under this strategic partnership, the companies will pursue global opportunities to promote Envirosuite’s environmental intelligence technology with Aeroqual’s air quality stations, monitors and technology as a packaged offering to the mining, waste and wastewater, and industrial sectors.

This deal aims to benefit both parties with greater market access by leveraging their combined technologies and expertise to drive revenue and attract customers.

Aeroqual’s platform aims to deliver high-quality, validated data and will stream data to Envirosuite’s environmental intelligence software platform. This is expected to create a significant combined value proposition for the targeted sectors.

“The Envirosuite team is excited to expand our opportunity potential with Aeroqual, a leader in air quality stations, monitors and technology, to complement our EVS Omnis platform, provide expertise and combined solutions for advanced air quality management and intelligence within our respective high-growth industries,” Envirosuite CEO Jason Cooper said.

Aeroqual CEO Mark Templeton was also eager to “join forces” with Envirosuite.

“Aeroqual’s air quality monitoring platform, combining smart instrumentation, cloud software, and unique virtual calibration technology, is trusted by customers all over the world and will add significant value to Envirosuite’s environmental software platform, allowing us to solve even more complex air quality challenges for more customers across multiple industrial sectors,” Mr Templeton said.

The parties are already engaged on projects in Spain, Malaysia and the US.

Company shares were up 2.22 per cent to trade at 23 cents at 1:27 pm AEDT.

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