Signs Agreement for Six C-MABR Plants in Guizhou Province China with Partner Jinzi
Melbourne, Nov 30, 2017 AEST (ABN Newswire) - Fluence Corporation Limited (
ASX:FLC) (EMFGF:OTCMKTS) ("Fluence" or the "Company"), a global leader in decentralised water and wastewater treatment solutions, has signed a framework agreement to deliver six Smart Packaged wastewater treatment plants based on Fluence's MABR technology (C-MABR) with partner Jiangsu Jinzi Environmental Science and Technology Company ("Jinzi").
- Second multi-plant agreement achieved via strategic partners in China-
- Multimillion-dollar project in Guizhou Province expected to be fully operational in 2018-
- Additional orders anticipated in Guizhou Province in the near future-
The wastewater treatment projects are part of a public/private partnership in China's Guizhou province. The agreement encompasses a total of six wastewater plants designed to deploy Containerised Smart Packaged MABR (C-MABR) technology ranging between 600 to 1,000 m3/day. The plants, which are part of a multi-million-dollar order, are expected to be delivered, installed and become operational during 2018.
"This is a landmark project that will see Fluence deliver multiple C-MABR plants with a key strategic partner in China," said Henry Charrabé, Managing Director and CEO of Fluence. "This is the outcome of a number of factors, which Fluence has worked on since we entered the Chinese market, including the signing of a distribution/deployment partnership in November 2016, the successful operation of our demonstration plants and our close collaboration with Jinzi. Jinzi is now our preferred partner for Guizhou Province and Changzhou City."
"This multi-plant agreement is evidence that our partners are now ramping up deployment of our MABR treatment solutions and is further proof of our strategy to deploy Smart Packaged C-MABR systems in China. It also continues to demonstrate the appeal of our Smart Packaged MABR Plants, since these enable rapid deployment of cost- and energy-efficient standardised solutions, and provides confidence that we can expect additional orders moving forward."
"We remain focused on capitalising on the enormous market opportunity in China for Fluence MABR solutions. We intend to leverage our standardised MABR technology and global distribution footprint to offer compelling wastewater treatment solutions to markets around the world. Jinzi is a great partner to work with and is committed to the MABR technology and Fluence."
"The project signing between Jinzi and Fluence indicates a new milestone in the strategic cooperation between both parties," said Mr. Xiaodong XIE, Chairman of JINZI Enterprise Group. "We will definitely move forward with deeper and further long-term cooperation in the field of wastewater treatment, and we believe that our cooperation with Fluence will lead us to new development opportunities and deployments in China's rural wastewater treatment system."
The Chinese Government's 13th five-year plan targets improved water quality nationwide by 2030, and mandates that local city officials improve sewage capacity and treatment, from currently 10% of treated rural wastewater to 70% treated rural wastewater.
Fluence's agreement with Jinzi is the latest in a string of strategic deployments of decentralised wastewater treatment units in collaboration with local Chinese authorities and companies.
About Jinzi
Jiangsu Jinzi Environmental Science & Technology Co., Ltd ("Jinzi"), was founded in April 2006 with its headquarters in Changzhou, Jiangsu Province, is an integrated hi-tech company specialising in environmental management and ecological restoration. After years of development, a complete management system has been established in the aspects of R&D, design, production, construction, technical service and maintenance management.
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About Fluence Corporation Ltd
Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) is a leader in the decentralized water, wastewater and reuse treatment markets, with its Smart Products Solutions, including Aspiral, NIROBOX, NIROFLEX and SUBRE. Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery to ongoing support and optimization of water related assets, as well as Build Own Operate Transfer (BOOT) and other recurring revenue solutions. With established operations in North America, South America, the Middle East, Europe and China, Fluence has experience operating in over 70 countries worldwide and enables businesses and communities worldwide to maximize their water resources.
Further information can be found at https://www.fluencecorp.com/
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