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Envirosuite shares run on major contract win to combat sewage smells

Shares have traded up 47% or 1.9 cents higher to 6 cents per share.
Sewer cover open on a rainy street
Envirosuite's software can be used on a single building site or for an entire city

Envirosuite Ltd (ASX:EVS) has secured a major $1.5 million contract in the Middle East with a large state-owned public works authority for a city-wide odour monitoring and management system.

High temperatures in the Middle East can result in urban sewer networks creating high levels of hydrogen sulphide which creates odour nuisance impacts in communities.

This is the company’s largest ever contract and its first in the Middle East region.

Envirosuite provides software for environmental monitoring, management and investigation.

It is incorporated into a diverse array of operations from wastewater treatment to large-scale construction, open cut mines, port operations, environmental regulators and heavy industry uses.

Initial 12-month term

The contract is worth US$1.17 million, or about A$1.5 million, and has an initial 12-month period.

Subsequent to the initial period, Envirosuite anticipates that the solution will remain in place under a new software-as-a-service (SaaS) contract for the ongoing provision of the solution.

The client required a system that monitors smelly hydrogen sulphide releases from manholes, vents and pumping stations and allows for a proactive system of early warning of potential problems to operators.

The solution will also assist the public works authority with managing odour nuisance complaints.

Envirosuite will deliver visualisation and proactive management through about 40 proprietary monitoring stations placed at locations around the city.

World-leading environmental monitoring and management solution

Envirosuite’s CEO Peter White said: “This win provides substantial evidence of growing traction in our sales efforts as well as further geographic expansion for our world-leading environmental monitoring and management solution.

“This sale is also strategic, as we believe it to be the first ever regional-scale sewer network monitoring implementation globally.

“The deal highlights an expanding spectrum of deal quantum as we offer our solutions beyond the operational site level to a city or regional level.”

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EnviroSuite Ltd Timeline

October 25 2016

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