Water Intelligence PLC Contract Win (2043L)
December 21 2018 - 2:00AM
UK Regulatory
TIDMWATR
RNS Number : 2043L
Water Intelligence PLC
21 December 2018
Water Intelligence plc
Sydney Water Win
Water Intelligence plc (AIM: WATR.L) (the "Company" or "Water
Intelligence"), a leading multinational provider of precision,
minimally-invasive leak detection and remediation solutions for
both potable and non-potable water is pleased to kick-off 2019
early with a significant municipal contract win in Sydney,
Australia.
A few weeks ago, the Company provided a trading update for Q3
that reinforced its previous 1H guidance on strong growth for 2018.
We noted that our overall trajectory was approximately 40% sales
growth with the mission of "sustainable multinational growth" for
2019 and beyond. With this municipal win in Australia, accompanied
by recent smaller municipal wins in the US in Michigan and New
York, the Company is off to a good start to meet its 2019 growth
plan.
The contract in Sydney is a multi-year contract anticipated to
contribute approximately US$1 million to 2019 sales.
Executive Chairman, Patrick DeSouza commented, "Despite market
volatility, our fundamentals remain strong. Demand for water
infrastructure solutions will continue to grow worldwide. Full
steam ahead."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014
For further information about this announcement please
contact:
Water Intelligence plc Patrick DeSouza, Executive Chairman Tel:
+1 203 654 5426
finnCap Ltd Julian Blunt / Giles Rolls (Corporate Finance)
Camille Gochez (Corporate Broking) Tel: +44 (0)20 7220 0500
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END
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