Posts Tagged ‘Water supply’

Refresh Group Acquires AridTec Pte

Wednesday, April 21st, 2010

Refresh Group Ltd (RGP) is pleased to announce that it has executed a formal Share Sale and Purchase Agreement with AridTec Pte Ltd (AridTec) and its shareholders for the acquisition of AridTec by Refresh.  The final terms for the acquisition of AridTec have been varied since the announcement of the Memorandum of Understanding on 4 September 2009. The vendors of AridTec will now receive 71,800,000 shares in Refresh with the potential to receive up to a further 48,200,000 shares upon the achievement of certain profit milestones.

The acquisition of AridTec is subject to the approval of Refresh’s shareholders. Refresh proposes to hold a general meeting of its shareholders in June 2010.  AridTec and its wholly-owned subsidiary, AirQua International Pte Ltd, (AirQua) are Singapore incorporated entities. AirQua is a complete global alternative potable water solution provider specialising in atmospheric water harvesting solutions which draw water vapour from the air and producing drinking water in abundance through its patented technologies. AirQua can provide solutions to the world’s water needs. From the home to the office, to the factory floor, to farmers, doctors, hospitals, building and construction sites, oil fields, oil rigs and platforms, the military, international aid and rescue organisations, stationary units and or mobile units; the possibilities are almost endless.

Various models are available ranging from 24 litres per day to 500 litres per day. It provides good quality drinking water anywhere and is not dependent on water source. Where there is no electricity, it could be powered by a generator. AirQua has supplied such models mounted on trailers. This is also suitable for emergency relief situations.

Air-to-water generators use a minimal carbon footprint. It has no wasted water, energy or plastic as well as no transportation cost. It is certainly the ultimate green water source. To accelerate its growth, Aridtec has signed a Memorandum of Understanding with its American distributor to license its patented technologies for a fee.

Refresh Chairman, Henry Heng, commented. “We have been distributing AirQua products in Australia since July 2009 and are confident their products will sell well. The acquisition will strengthen Refresh’s revenue base and improve its bottom line.”

Upon successful completion of the acquisition, Mr Vincent Oh will join the Board of Refresh. Mr Oh is the inventor of the AirQua technology. He graduated from the University of Wisconsin, United States, with a Master in Computer Sciences.

www.refreshgroup.com.au

Tags: , , ,
Posted in ASX Company News | No Comments

UGL Awarded $120 million Melbourne Water Corporation Contract

Wednesday, February 3rd, 2010

UGL Limited (UGL) announced that it has been nominated by Melbourne Water Corporation as preferred construction partner, in Joint Venture with Baulderstone, for the planned upgrade of the Eastern Treatment Plant in the south east suburb of Carrum.

UGL and Baulderstone will form an Alliance with Black & Veatch, KBR and Melbourne Water to undertake this $380 million project. UGL’s share of the project is approximately $120 million. Melbourne Water is owned by the Victorian Government and provides wholesale water, sewage and recycled water services, and manages waterways and major drainage systems in the Melbourne metropolitan area and beyond. This upgrade will significantly improve the quality of treated water discharged into Bass Strait.

The project is subject to a final round of Government approval and is expected to commence by the middle of this year. A contract with Melbourne Water is expected to be finalised once this approval has been received.  The upgrade will be completed by the end of 2012 followed by a further two years of operations and maintenance services. UGL and its Alliance partners will provide design and construction services and will also participate in the initial operation and maintenance phase of the project in conjunction with Melbourne Water.

UGL’s Managing Director and CEO Richard Leupen said the company stands to benefit from increased spending in the infrastructure sector with a healthy pipeline of tendering opportunities currently being pursued.  He said UGL’s strategy of pursuing Alliance style projects gives UGL the capabilities and scale to pursue larger infrastructure projects.

The project with Melbourne Water also further strengthens UGL’s recurring revenue base.

www.ugllimited.com

Tags: , , ,
Posted in ASX Trading News | No Comments

ADG Global Supply Signs Distribution Agreement

Thursday, October 8th, 2009

The Directors of ADG Global Supply Limited (ADQ) are delighted to advise that today, the Company has signed an exclusive distribution agreement with Advance Waste Water Systems Ltd, the manufacturer and supplier of “Greyflow Systems”. This exclusive agreement is for the sale of Greyflow Systems throughout Australia and New Zealand. As part of this agreement the Company will integrate Advance’s existing client base and sales into its own activities. Representation of these products and equipment is also expected to positively impact the sales revenue of the Company’s Pump Division and strengthen the Company’s position as a leader in the supply of grey water reuse systems.

Advance’s Greyflow Systems have been developed over 7 years and its innovative Greyflow inceptor used in all types of new home developments is protected by patent rights.

After signing the agreement, Mr Sam Miliani, CEO of Advance, stated “ADG’s expertise in sales and distribution allows the core focus of Advance Waste Water Systems to be in technical support and research and development. ADG demonstrated to us a thriving distribution channel and, coupled with its Universal Pumps range, made it the clear partner for us”. The Company’s Sales and Marketing Director, Mr John Mancini, stated that “with increasing water restrictions, Advance’s Greyflow Systems strengthens ADG’s core offering in its Pump Division and provides our customers with leading water savings products”.

www.adgglobalsupply.com.

Tags: , , ,
Posted in ASX Company News | No Comments

Refresh Group Acquires AridTec

Monday, September 7th, 2009

The Directors of Refresh Group Ltd (RGP) are pleased to announce that it has signed a Memorandum of Understanding with AridTec Pte Ltd and its shareholders. Refresh will acquire 100% of AridTec through the issue of new shares subject to certain terms and conditions. Upon shareholders’ approval, 63 million Refresh shares will be allotted to the shareholders of AridTec. Depending on AridTec achieving certain profit milestones, in a year’s time, a second issue of Refresh shares will be made which is capped at 99 million shares.

AridTec is a Singapore-based company. It is the parent company of AirQua International Pte Ltd (AirQua). It was established in 2007 by a group of innovative individuals who are deeply concerned that people should never be denied access to drinking water. AirQua provides fresh, potable water from an unlimited source: the air. It’s the sustainable solution to providing fresh water in abundance, wherever whenever. Combining advanced technologies with committed staff, AirQua provides alternative water solutions that make a real difference to everyday life. AirQua products are sold worldwide, including in Australia.

With the acquisition of AridTec, Refresh will now have two strong legs to stand on. While Refresh continues to grow in the bottled water and water purification markets in Australia, AridTec, with its global focus would open doors for Refresh to offer consultancy and/or licensed their know-how and technology to other companies. For instance, AridTec is currently negotiating to supply air-to-water generators in turnkey projects for bottling plants. Having set up 6 bottled water factories, Refresh is able to tap on this expertise to set up and design bottled water factories around the world. Together Refresh and AridTec can now offer total bottled water solutions to the international markets.

www.refreshgroup.com.au

Tags: , , , ,
Posted in ASX Company News | No Comments

Island Sky Pulls Water From Thin Air

Wednesday, August 5th, 2009

Island Sky Australia Limited (ISK) today announced it had signed a new $USD 27 million agreement for its unique “air to water” making machines to be distributed in Spain, Dominica, and 13 countries across Africa.

Michael Paragon, ISK’s Executive Director and Vice President of Sales & Marketing, said that under the three year agreement, Spanish Distributor Essential Water S.L., will purchase Skywater®14 products from ISK for the non-exclusive right to distribute them across Spain, Dominica, Congo Brazzaville, Gabon, Guinea Equatorial, Cameroon, Angola, Ghana, Benin, Togo, Sierra Leone, Guinea Conakry, Guinea Bissau, Senegal, Algeria. Essential Water S.L. is a recently formed sales and marketing organization based in Barcelona, Spain, created for the purpose of selling Island Sky’s air to water machines.

The company’s management is made up from executives and principals from the Precisport S.L. sports merchandising and licensing company. Under the agreement, Essential Water is obliged to purchase a minimum quantity of units from ISK, equating to USD $27 million in sales for Island Sky over a three year period. Essential Water may also be vested with a right of exclusivity for several of the territories listed above if it meets specified minimum sales targets. “We are seeing our global sales and marketing efforts really starting to pay off,” Mr Paragon said today. “The demand for our Skywater® water-making-machines is reaching an all time high.” About Island Sky ISK’s unique patented “air to water” making machines draw water vapor from the air and convert it to drinkable water. The Skywater 14, for home and office use, can, under optimal conditions, be expected to produce up to 50 litres of water per day at low energy costs. The larger Skywater 300 is capable of producing up to 1100 litres of water per day.

www.islandsky.com.au

Tags: , , ,
Posted in ASX Company News | No Comments

Macmahon Awarded 3 Government Water Contracts

Tuesday, May 12th, 2009

Macmahon Holdings Limited (MAH) announced today that it had been awarded three major government water infrastructure projects on the east coast of Australia. 

These projects, designed to improve regional water supplies are

•  Wyaralong Dam. This Alliance contract, for QLD Water Infrastructure, is part of the state’s strategy to ensure a sustainable water supply for South East Queensland. Macmahon will work as part of the Queensland Dam Consortium team to deliver the new dam and associated works. Macmahon have already completed significant water infrastructure projects in Queensland.

•  The Nepean Weir upgrade. This project, for the Sydney Catchment Authority, will involve the construction of new fish passages and the creation of environmental infrastructure. Macmahon will upgrade 10 weirs in the Hawkesbury-Nepean system, with these modifications designed to improve the health of the river.

•  The Blowering Dam upgrade. For the New South Wales State Water Corporation, it will see Macmahon undertake modification works, as part of the State Water Dam Safety Upgrade Program. Once complete, the upgraded dam will be able to handle extreme flood conditions, ensuring its future safety. 

Macmahon Chief Executive Officer, Nick Bowen, said the project wins demonstrate the Group’s ongoing success in the east coast construction market. “Our Construction Business is benefiting from the increased government spend on infrastructure projects, with these contract awards adding to our portfolio of government work. “The total estimated value of these three contracts for Macmahon is approximately $120 million, providing a solid platform for our Construction Business leading into the 2010 financial year,” Mr Bowen said. 

http://www.macmahon.com.au/

Tags: , , , ,
Posted in ASX Company News | No Comments