Investor Presentation - Odotech Transaction
Sydney, Dec 21, 2017 AEST (ABN Newswire) - Further to recent announcements regarding the Odotech transaction, Envirosuite Limited (
ASX:EVS) ("the Company") is pleased to provide the attached presentation setting out the key transaction details as well as the rationale and integration strategy.
The Company also advises that it will release its quarterly updates ongoing in the month following the end of each quarter with the next update being in January 2018.
Transaction details
- $450,000 CAD ($458,000 AUD) to acquire the assets of Odotech Inc
- One-off cash settlement
- Sale structured as an asset purchase with key assets including:
o Existing client projects and maintenance contracts
o Family of patents related to the Enose (electronic nose) hardware, business names, trademarks, domain names
o Digital marketing materials
o OdoWatch software platform
o Inventory of sensor hardware
o Accounts receivable (circa $300K)
o Shares in continuing Chilean entity
- Offers of employment made and accepted by 12 Odotech employees in Canada
- 9 employees continuing in Chile
- Offices retained in Montreal (Canada) and Santiago (Chile)
Odotech acquisition rationale for Envirosuite
- Attractively priced opportunity to acquire an existing client base, extensive commercial relationships, intellectual property and additional technical functionality
- Complements Envirosuite's international expansion strategy
- Further strengthens Envirosuite's positioning in one of it's key market verticals - Wastewater
- Adds deep industry knowledge, expertise and an instant presence in target geographies
- The technical integration provides scope for additional functionality across all Envirosuite platform applications
- Envirosuite adds significant additional value to Odotech clients through adding the key proprietary pillars of its platform including: complaints management, source identification and predictive functionality
To view the full presentation, please visit:
http://abnnewswire.net/lnk/36L7U21A
About EnviroSuite Limited
EnviroSuite Limited (ASX:EVS) (FRA:57P) is an environmental management technology company that has developed a leading Software-as-Service platform which translates data into action in real-time.
Using proprietary algorithms built on more than 30 years of environmental consulting experience, Envirosuite's platform provides a range of environmental monitoring, management and investigative capabilities.
Envirosuite's platform is used worldwide by a range of clients in the mining, oil refining, transportation and water management industries and by governments looking to regulate industry in accordance with community well-being.
To learn more, please visit: https://www.envirosuite.com
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