http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 19 Jun 2018 07:23:58 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - De.mem forecasting revenue growth of up to 245% this calendar year, shares rise ]]> http://www.proactiveinvestors.com.au/companies/news/193027/demem-forecasting-revenue-growth-of-up-to-245-this-calendar-year-shares-rise-193027.html De.mem Ltd (ASX:DEM) has forecast revenue for calendar year 2018 to be between $8 million to $10 million.

Compared to CY2017 revenue, which was $2.9 million, this forecast range represents growth of 185% to 245%.

De.mem is a Singaporean-Australian decentralised water and waste-water treatment business that designs, builds, owns and operates water and waste water treatment systems.

Entry into Australian market through Akwa-Worx acquisition

De.mem entered the lucrative Australian market through the acquisition of Akwa-Worx on 18 September 2017, one of many growth initiatives since IPO.

Andreas Kroell, CEO, said: “Since our IPO in April 2017, De.mem has continued its rapid expansion with important growth milestones achieved.”

On the path to profitability, acquisition opportunities

De.mem is well funded with a healthy cash balance, and together with a reduced cash burn and a growing revenue base, it is well positioned to become cash flow positive in the near term.

The company continues to assess growth opportunities in the water and wastewater technology sector, a space which is still highly fragmented and has considerable scope for consolidation.

READ: De.mem founding member of Singapore water treatment technology consortium

While organic growth is a priority, De.mem will also assess opportunistic acquisitions that make an immediate contribution to earnings.

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Tue, 13 Mar 2018 11:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/193027/demem-forecasting-revenue-growth-of-up-to-245-this-calendar-year-shares-rise-193027.html
<![CDATA[News - De.mem founding member of Singapore water treatment technology consortium ]]> http://www.proactiveinvestors.com.au/companies/news/191186/demem-founding-member-of-singapore-water-treatment-technology-consortium-191186.html De.mem Ltd (ASX:DEM) is participating in a new Singapore Government initiative that aims to promote the use of innovations in water treatment.

The company is a founding member of Singapore National Membrane Consortium, which will promote the research, collaboration and commercialisation of membrane technologies.

This consortium will connect Singaporean research centres with small and medium enterprises such as De.mem that utilise membrane technology research to meet industry needs.

Capability to manufacture membranes

As one of the very few companies that can manufacture membranes in house, De.mem is one of 15 founding members of the consortium.

De.mem is a Singaporean-Australian decentralised water and waste-water treatment business with international operations.

Licensed proprietary technologies

The company has licensed a number of proprietary technologies from its research and development partner, Singapore’s Nanyang Technological University.

This includes a novel low-pressure hollow fibre nanofiltration membrane, which the company exclusively licensed from the university in June 2016.

The membrane allows for lower operating costs and capital expenditure compared to other conventional water treatment technologies.

Factory is established

De.mem has set up a factory for production of the membrane and other types of hollow fibre membranes.

Nanyang University’s Singapore Membrane Technology Centre is one of the research centres that will benefit from the consortium.

Another is the Membrane Science and Technology Consortium at the National University of Singapore.

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Tue, 06 Feb 2018 13:01:00 +1100 http://www.proactiveinvestors.com.au/companies/news/191186/demem-founding-member-of-singapore-water-treatment-technology-consortium-191186.html
<![CDATA[News - De.mem bags $2.5M from oversubscribed placement as order book swells ]]> http://www.proactiveinvestors.com.au/companies/news/186807/demem-bags-25m-from-oversubscribed-placement-as-order-book-swells-186807.html De.mem Ltd (ASX:DEM) has successfully completed a placement to institutional and sophisticated investors to raise $2.5 million at $0.265 per share.

The company plans to use this fund to support and accelerate technology development and growth opportunities both in Australia and international markets.

De.mem is a decentralised waste-water treatment business that designs, builds, owns and operates customised industrial waste water treatment systems for its clients.

The company has licensed proprietary technologies from its partner in research & development, Singapore’s Nanyang Technological University (NTU).

De.mem has opened a new manufacturing facility in Singapore for the production of innovative nanofiltration membrane and other types of hollow fibre membranes.

The company has also commenced pilot testing of nanofiltration membrane at selected sites in Vietnam and Singapore ahead of a planned commercial market launch of the technology later this year.

Significantly, the company has signed contracts worth over $1 million since August 2017, which includes projects in Australia worth $550,000 and sale of a water treatment plant in Vietnam for $500,000.

De.mem is well funded with a cash balance of circa $1.9 million as at the end of the September quarter.

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Tue, 07 Nov 2017 08:09:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186807/demem-bags-25m-from-oversubscribed-placement-as-order-book-swells-186807.html
<![CDATA[News - De.mem wins new dewatering and water treatment contracts ]]> http://www.proactiveinvestors.com.au/companies/news/184674/demem-wins-new-dewatering-and-water-treatment-contracts-184674.html De mem Ltd’s (ASX:DEM) subsidiaries have been awarded four new dewatering and water treatment contracts totalling circa $300,000.

De.mem is a decentralised waste-water treatment business that designs, builds, owns and operates customised industrial waste water treatment systems for its clients.

The scope of work for the new contracts include the delivery of a containerised sludge dewatering system, a pump station and a chemical dosing system to certain mining sites in Queensland.

De.mem has also entered into an operations and maintenance agreement with a luxury resort, also in Queensland to operate the water and sewage treatment plants for a period of three months.

These projects will start immediately.

De.mem is headquartered in Singapore and has a manufacturing site in the country.

The company’s product offering is in two segments; the industrial segment serving electronics, chemicals, oil & gas and the food & beverage industries and the municipal and residential segment.

Winning these new projects follows the acquisition of Akwa-Worx and Akwa Facility Maintenance, underlining the company’s expanded customer base and a robust project pipeline.

De.mem’s share price increased circa 8% in the last one month and closed at $0.34 on Wednesday.

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Thu, 28 Sep 2017 08:14:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184674/demem-wins-new-dewatering-and-water-treatment-contracts-184674.html