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Synertec locks in another contract with Melbourne Water

Utility
ASX:SOP      MCAP $35.84M
30 October 2019 22:39 (AEST)

Wastewater treatment plant, Melbourne, Australia

Synertec has won a contract to provide Melbourne Water with an advanced integrated control system to better manage a network of water tributaries.

This contract is a validation of Synertec’s strategic focus on critical infrastructure projects across the water, transport and hydrocarbon industries.

Specifically, Synertec’s automated control system solution is aimed at improving the water quality and volume data from the Upper Yarra Reservoir.

The company’s commercial relationship with Melbourne Water spans 11 years. Over this time, Synertec has grown its reputation as a trusted innovations solutions provider for addressing complex challenges.

“We are proud of our longstanding commercial relationship with Melbourne Water. This award follows our recent service contract extension at their Eastern Treatment Plant, which we announced in June,” Managing Director Michael Carroll said.

This Upper Yarra project is highly innovative and may potentially provide annual cost savings of over $5 million to Melbourne Water.

This may be achieved through reduced demand for water from the Victorian Desalination Plant.

Additionally, the company expects the provision of a control system solution will improve safety by averting the need for workers to come onsite to manually test and monitor the water.

“It is pleasing to report yet another illustration of our proven ability to provide highly intelligent integrated solutions to our clients’ systems,” Michael added.

Synertec’s shares remain flat today, trading for 4.8 cents each at 3:57 pm AEDT.

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