Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Water treatment company De.mem has received first revenue from its 5-stage water filtration system
  • The company received an initial order of $55,000 and expects a repeat order of similar size in regular intervals
  • The water filtration system treats water at a domestic level to improve the water’s health benefits and purity
  • De.mem has ended the day down 1.67 per cent with shares trading for 29.5 cents apiece

Water and wastewater treatment company De.mem has received first revenue from its recently launched 5-stage domestic water filtration system.

The Australian-Singaporean company has received an initial order of $55,000 for the product from its Singaporean distribution partner and expects a repeat order of a similar size in regular intervals.

De.mem’s new 5-stage consumer water filtration system treats the water at a domestic consumer level to improve the water’s health benefits and purity.

The system uses De.mem’s hollow fibre ultrafiltration membrane as the key treatment process.

Ultrafiltration is combined with other treatment steps, including an alkaline filter, to increase the water’s PH value (alkalinity).

Alkaline water is associated with beneficial health effects in scientific literature and is a growing trend in domestic water consumption.

“De.mem’s new 5-stage domestic point-of-use system is a high-quality domestic water filter with an attractive design, which allows our distribution partners to comfortably sell this product range,” CEO Andreas Kroell said.

“The order received from our Singaporean distributor shows how quickly we are able to grow sales and production since the launch of this new product line,” he added.

Hollow fibre membrane technology is the key process step in removing large amounts of suspended solids, nearly all bacteria and viruses from the water.

The De.mem hollow fibre ultrafiltration membranes are tested to ‘6 log reduction’, which means that a number of 1 million microbes in reduced to only one after filtration.

The global market for domestic filter systems was estimated to be US$19.9 billion in 2018 with the Asia-Pacific region being the world’s largest market closely followed by Europe and North America.

De.mem has ended the day 1.67 per cent lower with shares trading for 29.5 cents apiece in a market cap valued at $46.42 million.

DEM by the numbers
More From The Market Herald
Envirosuite (ASX:EVS) - CEO, Jason Cooper

" Envirosuite (ASX:EVS) increases ARR during September quarter

Envirosuite (EVS) managed to increase its annual recurring revenue (ARR) by 42 per cent over the September quarter.
Environmental Clean Tech (ASX:ECT) - Non-Executive Director, Tim Wise

" Environmental Clean Tech (ASX:ECT) announces board changes and $3m capital raise

Environmental Clean Tech (ECT) shares are trading up after the company announced a $3 million capital raise and several board changes.
Secos Group (ASX:SES) - Executive Chairman, Richard Tegoni

" Secos Group (ASX:SES) expects to post a $2.6m net profit for FY21

Secos Group (SES) expects to post a $2.6 million unaudited net profit in its FY21 annual report, a sharp turnaround from FY20’s loss.
Environmental Group (ASX:EGL) -

" Environmental Group (ASX:EGL) secures $5.2M contract

The Environmental Group’s (EGL) Total Air Pollution Control (TAPC) has secured a $5.2 million contract from FLSmidth.