logo-loader
viewEnviroSuite Ltd

Envirosuite gains multi-sector traction in Latin America, secures major win in Chile

Annualised recurring revenue of $200,000 representing one of Envirosuite’s largest wins to date.

1530514640_air.JPG
Platform to manage odour, dust and other air pollutants

Envirosuite Ltd (ASX:EVS) has opened up a new industry sector and geographic market for its platform by securing a subscription sale to Chilean agriculture company Sopraval S.A.

The environmental management technology company’s platform will assist Sopraval in managing odour, dust and other air pollutants.

The new subscription deal is both Envirosuite’s first in Chile and its first major contract with a client in the agriculture sector.

 

 

Annualised recurring revenue of the contract is $200,000 on an initial two-year term, making it one of Envirosuite’s largest on-going subscriptions to date worldwide.

The sale both validates Envirosuite’s platform in the agricultural sector as well as further justify the strategic purchase of the assets of Odotech Inc in December 2017 which provided for Envirosuite’s fast-tracked entry into the Latin American market.

READ: Envirosuite shares run on major contract win to combat sewage smells

Sopraval is one of the world’s largest producers of poultry. Envirosuite’s technology will initially be installed at five of Sopraval’s fifty turkey farm sites.

Envirosuite’s Environmental Compliance and Impact Modelling solutions will enable Sopraval to better monitor current conditions and anticipate and manage impacts.

The Incident Intelligence solution will also be used to help manage the client’s interaction with the local community.

Next target: Latin American mining sector

Envirosuite chief executive officer Peter White said: “This marks another major contract win as the sales momentum builds across the group, and this particular win is strategically important for Envirosuite as it opens up a new industry sector and geographic market of opportunities for us to explore.

“It also validates our decision to buy Odotech, further increasing our client base.

“We are looking to further expand, not only in agriculture, but also in the mining sector in Chile and other Latin American countries.”

Quick facts: EnviroSuite Ltd

Price: 0.295 AUD

ASX:EVS
Market: ASX
Market Cap: $124.11 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Delecta hones in on Copper Ridge in Utah and outlines exploration steps

Delecta Limited (ASX:DLC) technical director Greg Smith updates Proactive on the newly acquired Copper Ridge project in Utah, USA, and next steps in the exploration program.  The Copper Ridge acquisition covers four historical copper mines and prospects. Delecta's acquisition also...

3 hours, 6 minutes ago

2 min read