Pacific Environment (ASX:PEH) has been granted an ASX trading halt in relation to a major contract win.
The halt will last until the earlier of the announcement being made or the start of trading on Thursday, 11 December 2014.
Earlier this month, the company made its first international sale of EnviroSuite, a software product that assists in the monitoring of odours, dusts and pollutants.
By modelling weather at the local scale in real-time, EnviroSuite can locate the sources of reported offensive emissions.
This will benefit the Canterbury Regional Council in New Zealand through reducing labour costs and potentially support prosecutions in a court of law.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.