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De.mem (ASX:DEM) - CEO, Andreas Kroell - The Market Herald
CEO, Andreas Kroell
Source: De.mem
  • Water and wastewater treatment company De.mem (DEM) has expanded its range to offer further products for disinfection
  • This comes after high demand, particularly from Singapore, as a result of the Covid-19 outbreak
  • Since early February, De.mem has already sold $10,000 worth of products such as hand sanitisers and surface cleaners
  • Not only will the expansion be beneficial to consumers, but businesses will benefit too
  • The disinfectants will be added to De.mem's chemicals and consumable range and sold through direct sales channels for business customers
  • In addition, De.mem's supply chains haven't been materially affected by the outbreak
  • De.mem's shares are down 8.33 per cent and are trading for 11 cents each

Water and wastewater treatment company De.mem (DEM) has expanded its product range to offer further products for disinfection.

The new product lines, such as hand sanitisers and surface disinfectants, is a response to high demand due to the Covid-19 (coronavirus) outbreak.

In particular, Singapore has shown strong demand for the products as a result of the pandemic. But the company has also planned to extend its products in other locations.

The company has already sold $10,000 worth of products since the start of February 2020. However, with the new disinfection product offering, De.mem sees the opportunity to also expand its "one-stop shop" offering of water treatment solutions.

For businesses, the disinfectants will be added to De.mem's chemicals and consumable range and sold through direct sales channels.

For consumers, the disinfection products will be added to the company's domestic water filtration offering. This was first launched in July 2018 and has since materially contributed to revenue.

"We are pleased to further expand our product range for both businesses and
consumers," CEO Andreas Kroell said.

"Not only are we able to assist our clients with water treatment solutions which address some of their immediate concerns regarding hygiene standards during the coronavirus outbreak, but we are looking to develop this new product as a long-term offering across multiple segments and customer verticals," Andreas added.

In addition, De.mem has reported its supply chains haven't been materially affected by the outbreak. In fact, the company considers itself to be well-positioned to mitigate supply challenges if they arise.

De.mem's shares are down 8.33 per cent and are trading for 11 cents each at 5:31 pm AEDT.


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