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In the news: Pacific Environment

Published: 17:44 04 May 2016 AEST

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We introduced Peter White, the CEO of Pacific Environment*** (ASX:PEH), to London investors back in March. After our roadshow the company announced that it had won a contract with Thames Water. This was its first UK and European contract, and marked a new move into the wastewater sector; this implies huge potential for further international expansion.
PEH’s proprietary EnviroSuite product is a proactive environmental management system. It combines monitoring and analysis, predictive modelling and high-resolution weather forecasting, providing real-time and predictive management tools for air, water and noise environment contaminant monitoring. Its system not only gives companies an ability to deal with regulatory issues and complaints, but also drives operational efficiencies. PEH has 30 existing clients in Australia, including miners, ports (PM10 movement forecasts and monitoring), refiners (NOx, SOx & heavy metals dispersal monitoring), hospitals (operating theatre air quality monitoring) and utilities (water quality and odour management). These include: BHP Billiton, Anglo American, Rio Tinto, Port Authority NSW, Seqwater, Gladstone Ports Corporation and the Queensland Government. Now its European expansion is well underway.
The company has just finalised a placement of A$2.15m at A$0.09/share to new and existing institutional and high-net-worth investors. The raising was 34% oversubscribed. The funds will be used to support the company’s expansion in Europe and elsewhere, and ongoing technology development for EnviroSuite. Peter White will be returning to the UK in the next couple of months to update the market further.

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