- SciDev secures contract with Cleanaway Waste Management Limited for the civil design and construction of a water treatment plant to treat per- and poly-fluoroalkyl (PFAS)-impacted wastewater in Victoria.
- The contract, valued at A$3.15m, will be delivered over six months with revenue from the project expected to commence Q4 FY23.
- SciDev will commence preliminary works immediately, with the plant to be commissioned in November 2023.
SciDev Ltd (ASX: SDV) (‘SciDev’ or ‘the Company’) is pleased to announce that it has secured a second contract with Cleanaway Waste Management Limited to treat for the per- and poly-fluoroalkyl (PFAS) contaminated wastewater. The scope of works will see the civil design and construction of a water treatment plant as well as the integration of the water treatment plant into the liquid waste facility’s existing infrastructure.
SciDev’s innovative and highly successful PFAS treatment technology has gained growing acceptance with blue-chip clients across Australia. The Company’s custom-built water treatment plants treat PFAS to below detectable limits, providing our clients with a reliable and cost-effective solution to their PFAS-contaminated sites.
SciDev CEO, Seán Halpin, said, “The ability to extend our relationship with Cleanaway into a new region reflects our continued success and reputation to provide reliable and cost-effective water treatment solutions to our client’s. With a large domestic and global addressable PFAS remediation market, we believe the growing demand for our technology will drive significant revenue uplift in the medium term. With an expanding client base, growing regulatory tailwinds, a deep sales pipeline and a robust balance sheet, SciDev is well positioned for considerable growth driving sustainable returns for our shareholders.”