- Environmental technology company Envirosuite (EVS) has won another water management contract in China
- The $2.5 million contract will see the first commercial application of Envirosuite’s new Smart Water solutions platform
- This platform delivers an end-to-end smart water management solution and provides early warning signs on potential events such as flooding
- This contract comes just days after securing a $2.8 million contract in China
- Envirosuite is up 6.02 per cent and shares are trading for 8.8 cents each
Environmental technology company Envirosuite (EVS) has received another water management contract in China.
This contract comes days after the company won a $2.8 million contract to supply its water monitoring equipment to the Chongqing Lianquing Instrumentation Company.
This $2.5 million contract will see the first commercial application of Envirosuite’s new Smart Water solutions platform which delivers an end-to-end smart water management solution.
This platform also provides early warning signs on potential events such as flooding and pollution issues.
Envirosuite’s Smart Water also has predictive maintenance rather than reactive maintenance. This means work can be done before any serious damage is caused and operations have to shut.
Phase 1 of the contract involves the design and supply of a Smart Water platform to ensure sustainable operational efficiencies meet regulatory requirements and water quality standards.
The platform will also apply modelling algorithms to enable operators to understand and control industrial discharges and downstream water flows.
It is expected to be completed by the end of June 2020 and maintenance support will run for an extra two years.
Once Phase 1 is complete, Envirosuite expects to be well positioned for a potential second phase.
This phase will require additional integration of the platform to provide real-time operational decision support for managing the impacts that the industry and weather have on water.
This contract forms part of the $4.4 billion Xinfeng River Integrated Watershed Management Project in Beijing.
This water project is being managed by Beijing Enterprises Water Group (BEWG).
“This project will see Envirosuite working with some of China’s top water and engineering groups and provides us with valuable exposure to the proliferation of similar projects starting to emerge in China,” CEO Peter White said.
“In addition, this project will showcase our new Smart Water platform which is essentially a combination of our recently acquired SeweX technology with water treatment software and our existing platform.”
“With this new Smart Water product, Envirosuite can deliver an end-to-end smart water platform for source-to-sea water monitoring and management,” he added.
Envirosuite is up 6.02 per cent and shares are trading for 8.8 cents each at 2:11 pm AEDT.