Announcement • Apr 07
De.mem Limited, Annual General Meeting, May 26, 2026 De.mem Limited, Annual General Meeting, May 26, 2026. Reported Earnings • Mar 02
Full year 2025 earnings released: AU$0.01 loss per share (vs AU$0.01 loss in FY 2024) Full year 2025 results: AU$0.01 loss per share (in line with FY 2024). Revenue: AU$29.9m (up 20% from FY 2024). Net loss: AU$2.03m (loss narrowed 27% from FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Jan 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Danny Conlon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 02
De.Mem Limited Announces Retirement of Director Cosimo Trimigliozzi Effective December 31, 2025 De.mem Limited announces the retirement of director Mr. Cosimo Trimigliozzi effective December 31, 2025. Mr. Trimigliozzi held the role of Chairman of the Board for more than 8 years – from the IPO in April 2017 to May 1, 2025. Since then, he served as a Director of De.mem. During Cosimo’s tenure, De.mem achieved numerous strategic milestones, such as the listing of the Company on the ASX in 2017, the expansion of the Company’s business across Australia and internationally into Germany and Europe as well as the completion of a number of successful acquisitions, including the most recent acquisition of Core Chemicals Pty Ltd. in Perth announced on October 17, 2025. De.mem’s revenues grew from $273,000 in Calendar Year 2016, prior to his appointment, to approximately $24,900,000 in Calendar Year 2024, and the Company achieved operating cash flow break even in Calendar Year 2024. Cosimo’s retirement comes at his own request, to allow him to focus on other professional opportunities. Recent Insider Transactions • Nov 07
Non-Executive Chairman recently bought AU$74k worth of stock On the 4th of November, Andreas de Wit bought around 660k shares on-market at roughly AU$0.11 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andreas' only on-market trade for the last 12 months. Announcement • Oct 17
De.mem Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. De.mem Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,190,477
Price\Range: AUD 0.105
Discount Per Security: AUD 0.0063
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,380,952
Price\Range: AUD 0.105
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 31
First half 2025 earnings released: AU$0.003 loss per share (vs AU$0.007 loss in 1H 2024) First half 2025 results: AU$0.003 loss per share (improved from AU$0.007 loss in 1H 2024). Revenue: AU$14.0m (up 20% from 1H 2024). Net loss: AU$980.0k (loss narrowed 42% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 27
De.mem Limited, Annual General Meeting, May 20, 2025 De.mem Limited, Annual General Meeting, May 20, 2025. Reported Earnings • Feb 28
Full year 2024 earnings released: AU$0.01 loss per share (vs AU$0.013 loss in FY 2023) Full year 2024 results: AU$0.01 loss per share (improved from AU$0.013 loss in FY 2023). Revenue: AU$24.9m (up 6.4% from FY 2023). Net loss: AU$2.77m (loss narrowed 12% from FY 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$41.0m market cap, or US$25.6m). Announcement • Jul 02
De.mem Limited (ASX:DEM) acquired Auswater Systems Pty Ltd for AUD 1.75 million. De.mem Limited (ASX:DEM) agreed to acquire Auswater Systems Pty Ltd for AUD 1.75 million on June 3, 2024. A cash consideration of AUD 1.38 million will be paid by De.mem Limited. The consideration consists of common equity of De.mem Limited having a value of AUD 0.12 million to be issued for common equity of Auswater Systems Pty Ltd. De.mem Limited will pay an earnout/contingent payment of AUD 0.16 million cash and of AUD 0.09 million common equity. As part of consideration, AUD 1.75 million is paid towards common equity of Auswater Systems Pty Ltd. The deal is subject to approval of offer by board of De.mem Limited. Auswater Systems Pty Ltd and unknown seller to stay on as Managing Director of Auswater for at least 2 years, finalization of a number of sub-agreements such as the service agreement with the vendor. Auswater Systems Pty Ltd reported revenue of AUD 1.1 million for FY 23. EV/EBITDA multiple for this transaction was 4x. De.mem Ltd has received firm commitments from investors for AUD 2.1m at 10 cents per share for the purposes of financing the acquisition of Auswater Systems Pty Ltd. De.mem Limited (ASX:DEM) completed the acquisition of Auswater Systems Pty Ltd on July 2, 2024. Announcement • May 29
De.mem Limited (ASX:DEM) acquired Border Pumpworks for AUD 0.4 million. De.mem Limited (ASX:DEM) agreed to acquire Border Pumpworks for AUD 0.4 million on April 30, 2024. Mr. Quentin Ferry, the sole director and owner, will retain his role post-transaction. For the year ended December 31, 2023, Border Pumpworks reported AUD 0.135 million ($0.1 million) in normalized annual EBITDA and approximately AUD 1.683 million ($1.1 million) in annual revenues. The transaction is expected to complete in early May 2024. The Border Pumpworks acquisition is accretive to De.mem.
De.mem Limited (ASX:DEM) completed the acquisition of Border Pumpworks on May 2024. Announcement • Apr 04
De.mem Limited, Annual General Meeting, May 28, 2024 De.mem Limited, Annual General Meeting, May 28, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.013 loss per share (vs AU$0.015 loss in FY 2022) Full year 2023 results: AU$0.013 loss per share (improved from AU$0.015 loss in FY 2022). Revenue: AU$23.4m (up 19% from FY 2022). Net loss: AU$3.13m (loss narrowed 10% from FY 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Market cap is less than US$100m (AU$33.0m market cap, or US$21.6m). Announcement • Feb 22
De.mem Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. De.mem Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,111,112
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,333,336
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Announcement • Oct 10
De.Mem Limited Appoints Andrew Tay as Chief Financial Officer De.mem Ltd. announced the appointment of Mr. Andrew Tay as its new Chief Financial Officer, effective 10 October 2023. Mr. Tay is a highly accomplished Australian finance executive. In his most recent role, he worked as the CFO for Powerark Solar Pty Ltd, Australia. Furthermore, he was the CFO of One Stop Warehouse Pty Ltd, Australia's larger solar distributor and a subsidiary of Shenzen-listed GCL System Int Tech Co Ltd. He had also been appointed as the Finance Manager of Western Resource Recovery, a Joint Venture company between Veolia and Transpacific group. Andrew covered all important finance aspects in his prior roles, including financial accounting and reporting, the development and implementation of cost savings initiatives as well as strategic transactions and capital raisings. He holds an Australian CPA qualification. Andrew commenced with De.mem on 1 February 2023 in the capacity of Finance Director. His role consolidated other finance functions within De.mem, with no material additional financial burden to the business. Andrew's appointment strengthens the Company's senior management team, following the growth of the business in recent years. His role will focus on the continued integration and expansion of the different group entities in Australia, Asia (Singapore) and Europe (Germany). Reported Earnings • Sep 05
First half 2023 earnings released: AU$0.006 loss per share (vs AU$0.009 loss in 1H 2022) First half 2023 results: AU$0.006 loss per share (improved from AU$0.009 loss in 1H 2022). Revenue: AU$10.7m (up 16% from 1H 2022). Net loss: AU$1.56m (loss narrowed 20% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$39.2m market cap, or US$25.4m). New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (AU$36.8m market cap, or US$24.7m). Announcement • May 24
De.mem Limited Approves the Election of Danny Conlon and Harry De Wit as Director De.mem Limited at the AGM, the shareholders approved the election of Danny Conlon and Harry de Wit as a director. Reported Earnings • Mar 03
Full year 2022 earnings released: AU$0.015 loss per share (vs AU$0.022 loss in FY 2021) Full year 2022 results: AU$0.015 loss per share (improved from AU$0.022 loss in FY 2021). Revenue: AU$19.6m (up 8.7% from FY 2021). Net loss: AU$3.49m (loss narrowed 22% from FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 15
De.Mem Limited Announces Change in Company Secretary De.mem Limited announced that Ms Patricia Vanni de Oliveira has resigned as Joint Company Secretary of the Company, effective from December 14, 2022. The Board wishes to thank Ms Vanni de Oliveira for her service to the Company as Joint Company Secretary over the last 2 years. Mr. Anthony Panther will continue in his role, being the sole Company Secretary. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Danny Conlon was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 04
De.mem Limited (ASX:DEM) signed a binding agreement to acquire remaining 25% stake in De.mem-Geutec GmbH from Uwe Graessel for AUD 0.34 million. De.mem Limited (ASX:DEM) signed a binding agreement to acquire remaining 25% stake in De.mem-Geutec GmbH from Uwe Graessel for AUD 0.34 million on October 3, 2022. The acquisition is valued based on an EBITDA multiple of approximately 3.3x. The capital raised will fund the acquisition of the remaining 25% ownership of De.mem-Geutec GmbH. De.mem-Geutec recorded approximately AUD 3.2 million in revenues in Calendar Year 2021. Reported Earnings • Sep 01
First half 2022 earnings released: AU$0.009 loss per share (vs AU$0.009 loss in 1H 2021) First half 2022 results: AU$0.009 loss per share (vs AU$0.009 loss in 1H 2021). Revenue: AU$9.20m (flat on 1H 2021). Net loss: AU$1.94m (loss widened 14% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 04
De.mem Limited has completed a Follow-on Equity Offering in the amount of AUD 2.82763 million. De.mem Limited has completed a Follow-on Equity Offering in the amount of AUD 2.82763 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,197,358
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Announcement • Jun 21
De.Mem Ltd Appoints Danny Conlon to Board De.mem Ltd. announced that Mr. Danny Conlon is joining the De.mem board effective 20 June 2022. Most recently, from 2018 to 2020, Mr. Conlon was Veolia's CEO and Managing Director for the Australia & New Zealand region. In this role, Mr. Conlon oversaw Veolia's broad portfolio of water, waste and energy operations, with a strong focus on driving the growth of recurring revenues and the company's service business. Veolia's Australian & New Zealand water and wastewater business serves many clients from local and state government authorities to the oil & gas, mining, health care, food & beverage industries. Mr. Conlon was responsible for more than 4,000 employees and 240 locations across the region. Mr. Conlon's long-term career at Veolia started originally with an appointment at Collex Waste Management in 1998. He advanced within Veolia group over more than two decades and held several leadership positions during these years. Prior to being appointed as CEO he was the Executive General Manager of Veolia's East Coast Operations in Australia & New Zealand, a position he held since 2014. Mr. Conlon is joining the De.mem board as a non-executive director. In this new role, he will provide De.mem advise in particular with respect to the strategic development of the Company as well as its sales & marketing, operations and financial performance. He also brings a vast network within the Australian & New Zealand water, waste & recycling industries to De.mem. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Bernd Dautel was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 03
De.mem Limited (ASX:DEM) completed the acquisition of Stevco Seals And Pumps Pty. Limited from Steve Russell and James Blannin. De.mem Limited (ASX:DEM) signed a binding agreement to acquire Stevco Seals And Pumps Pty. Limited from Steve Russell and James Blannin for approximately AUD 1.74 million on March 22, 2022. As per the terms of the transaction base consideration will be paid in the form of AUD 1.25 million in cash and AUD 0.28 million in DEM shares, with earnout payments of AUD 0.05 million in cash and AUD 0.05 million in DEM shares if Stevco achieves at least AUD 3 million in revenues in year 1 after the completion of the transaction and a another AUD 0.05 million in cash and 0.05 million in DEM shares if Stevco achieves at least AUD 4 million in revenues in year 2 after the completion of the transaction. De.mem Limited values Stevco at approx. 4.5x normalized EBITDA. As of December 31, 2021 Stevco generated an EBITDA of 0.33 Million.As per the terms of the agreement Steve Russell and James Blannin will retain their roles and join De.mem Limited's management team. The deal is subject to Consummation of due diligence investigation. The transaction is expected to close in April 2022. The transaction is accretive in nature.
De.mem Limited (ASX:DEM) completed the acquisition of Stevco Seals And Pumps Pty. Limited from Steve Russell and James Blannin on April 1, 2022. Announcement • Mar 31
De.mem Limited, Annual General Meeting, May 24, 2022 De.mem Limited, Annual General Meeting, May 24, 2022. Breakeven Date Change • Mar 01
No longer forecast to breakeven The analyst covering De.mem no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$2.70m in 2022. New forecast suggests the company will make a loss of AU$100.0k in 2023. Reported Earnings • Sep 03
First half 2021 earnings released: AU$0.009 loss per share (vs AU$0.011 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$9.15m (up 44% from 1H 2020). Net loss: AU$1.70m (loss narrowed 14% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Executive Departure • Jul 02
Company Secretary Melanie Jaye Leydin has left the company On the 25th of June, Melanie Jaye Leydin's tenure as Company Secretary ended after 1.5 years in the role. We don't have any record of a personal shareholding under Melanie Jaye's name. Melanie Jaye is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.50 years. Announcement • Mar 18
De.mem Limited announced that it expects to receive AUD 9 million in funding from Perennial Value Management Limited, Pathfinder Asset Management, SIDBI Venture Capital Limited De.mem Limited (ASX:DEM) announced a private placement of 32,142,856 shares at a price of AUD 0.28 per share for gross proceeds of AUD 9,000,000 on March 17, 2021. The transaction will include participation from New Horizons Fund, a fund managed by SIDBI Venture Capital Limited Inspire Australia Equities Fund, returning investors Perennial Value Management Limited, and Pathfinder Asset Management. The company expects to close the transaction on or around March 22, 2021, subject to receipt of funds by March 19, 2021. Of the total shares, 14,607,723 shares will be issued without shareholder approval of the company's as 15% placement capacity and 17,535,133 shares as 10% placement capacity. Announcement • Mar 17
De.mem Limited (ASX:DEM) agreed to acquire CAPIC Pty. Ltd. for AUD 5.2 million. De.mem Limited (ASX:DEM) agreed to acquire CAPIC Pty. Ltd. for AUD 5.2 million on March 16, 2021. Under the agreement, De.mem Limited shall pay AUD 3.7 million in cash and AUD 1.4 million through shares. Out of AUD 3.7 million cash consideration, AUD 3.4 million oayable upon completion while AUD 1 million through shares. All shares issued will be under voluntary escrow for a period of 24 months from completion. De.mem Limited shall pay further AUD 0.75 million comprising three separate payment of AUD 0.25 million each payable 50% in cash and 50% in De.mem shares, subject to the satisfaction of revenue milestones as agreed between the parties. Upon transaction completion, Capic’s Founder/ Chief Executive Officer will become De.mem’s Managing Director for the new De.mem-Capic subsidiary. The finalization of the acquisition is subject to definitive agreements being signed, which are currently at an advanced stage of negotiations, and subject to the completion of commercial and legal due diligence and final approval of the De.mem board. Is New 90 Day High Low • Mar 12
New 90-day high: AU$0.34 The company is up 30% from its price of AU$0.27 on 11 December 2020. The Australian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 3.0% over the same period. Reported Earnings • Mar 02
Full year 2020 earnings released: AU$0.02 loss per share (vs AU$0.026 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: AU$14.2m (up 40% from FY 2019). Net loss: AU$3.54m (loss widened 1.5% from FY 2019). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 02
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 124%. Over the next year, revenue is forecast to grow 85%, compared to a 6.1% growth forecast for the Water Utilities industry in Australia. Announcement • Feb 02
De.mem Limited Receives Milestone Order from Australian Energy Sector De.mem Limited announce that it has received a new approx. $550,000 contract. Under the purchase order, De.mem will deliver water treatment equipment to an Australian power station. The new ~$550,000 contract is an important milestone because it continues De.mem's growing momentum in the Australian power generation sector. The customer for the new contract is AGL Energy involved in both the generation and retailing of electricity and gas for residential and commercial use. AGL Energy generates energy from power stations that use thermal power, natural gas, wind power, hydroelectricity, solar energy, gas storage and coal seam gas sources. Is New 90 Day High Low • Jan 21
New 90-day high: AU$0.33 The company is up 50% from its price of AU$0.22 on 23 October 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: AU$0.25 The company is up 25% from its price of AU$0.20 on 14 August 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 1.0% over the same period. Announcement • Oct 13
De.mem Signs $2.6 Million Seawater Desalination Contract De.mem announced that it has signed a new contract for the supply of a $2.6 million seawater desalination plant. Under the contract, De.mem will design, manufacture and commission a membrane based water treatment plant which will convert seawater into high quality treated water, substantially exceeding the specifications of Australian drinking water standards. The solution provided by De.mem integrates different treatment steps including Ultrafiltration and Reverse Osmosis membranes into a turn-key, fully automated system. The system will be manufactured in Australia at De.mem's manufacturing site near Brisbane, Queensland. While project execution commences immediately, the majority of project revenues will be recognized in De.mem's calendar year 2021 accounts. This contract further establishes De.mem as a supplier of seawater desalination systems for customers with strict quality requirements. It follows the supply of a seawater desalination plant to a resort in Queensland's Great Barrier Reef region. Announcement • Sep 29
De.mem Receives New Approx. $400,000 Contract De.mem announced that it has received a new approx. $400,000 contract. This contract is significant because it generates De.mem's first revenues in and creates a new product offering for the Australian power generation customer segment. Under the purchase order, De.mem will deliver membrane-based water treatment equipment to an Australian power station, to be used for the generation of ultra-pure, de-ionized water, which is required for the power generation process. This effectively creates a new product offering by De.mem for the energy and other industrial sectors which require highest quality treated water. This Purchase Order marks De.mem's first revenues in the traditional energy /power generation industry. Going forward, De.mem plans to offer this product as a standard product line to customers from the energy, electronics, semiconductor and other industrial sectors. Is New 90 Day High Low • Sep 23
New 90-day high: AU$0.23 The company is up 64% from its price of AU$0.14 on 25 June 2020. The Australian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 1.0% over the same period.