Fluence Corporation Limited (ASX: FLC) has announced its first US$1.7 mn Aspiral project in Latin America to supply its smart products solutions which comprise water treatment and Aspiral wastewater system for a prominent international beverage producer. The project will include the first Aspiral™ wastewater system, featuring Fluence’s unique MABR technology, to be positioned in production plant at Buenos Aires, Argentina. The company expects this project to be an important reference site for other potential Aspiral customers. The company earlier held a contract with the same customer for an industrial wastewater treatment system on the same site.
The wastewater treatment plant will treat 60 cubic meter/day, while the water treatment system will treat 1,500 cubic meter/day using an Aspiral™ L1 Smart Packaged unit.The company expects the systems to be installed and operational as early as by June 2019.
The company won this contract by standing high on the strictest standards of Buenos Aires for water quality discharge into the environment. Its MABR-based technology has a higher level of nutrient elimination capability than mandated by the national government. In addition, Aspiral’s low energy consumption sync well with the customer’s commitment to the corporate policy and the environment of obtaining 100% of its energy requirements from renewable sources.
It reported its revenue of US$43.7 mn in Q4 FY18, up 73% on Q4 FY17. Its gross profit (unaudited) for FY18 was reported at US$32.3 mn where US$25.2 mn was the underlying gross profit and US$7.1 mn from prior years provision.
About the company: Fluence Corporation Limited is the market leader in wastewater and reuse, decentralized water treatment markets through its smart product solutions such as NIROBOX, SUBRE, and Aspiral. It offers wide range of services across the entire water cycle, through design, early-stage evaluation, optimization of water-related issues and delivery, as well as Build Own Operate Transfer (BOOT). It has an established operation in South America, North America, Europe, China, and the Middle East, and an experience of operating in over 70 countries to maximize the usability of water resources for businesses and communities worldwide.
Its Nirobox solutions addresses all the challenges concerning economy, logistics, and environment associated with desalination of water and wastewater treatment plants. It is ideal for Construction sites, Housing developments, Remote oil and gas facilities, Agriculture irrigation, Resorts, hotels, and golf clubs, Municipalities and growing communities, etc.
Its energy-saving MABR technology comprises two solutions, Aspiral and Subre.
Aspiral is a smart solution provider for wastewater treatment for various types and size of plants serving villages, small towns, resorts, residential communities, hotels, commercial complexes, etc. SUBRE is used to retrofit existing aerobic WWTPs, increase treatment capacity to accommodate higher inflows, progress toward energy-neutral treatment by cutting energy costs, and improving effluent quality through reduction in TN and TP.
Fluence Corporation Limited last traded at A$0.335 (February 11, 2019) with the market capitalization of A$182.71 mn. Its 52 weeks high has been noted at A$0.575, and 52 weeks low at A$0.290. Its absolute return for 3 months, 1 year and 5 years are -15%, -31.31%, and -77.33% respectively.
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