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SciDev (ASX:SDV) - Managing Director & CEO, Lewis Utting - The Market Herald
Managing Director & CEO, Lewis Utting
Sourced: Switzer Financial Group
  • Water treatment company SciDev (SDV) has signed a services agreement with the CYP Design and Construction Joint Venture (CYP D&C)
  • This joint venture is responsible for the design and construction of the Metro Tunnel Project's tunnels and stations in Melbourne
  • SciDev will provide its expertise to treat the slurry that comes from the underground digging
  • This is the first services agreement the company has signed in the infrastructure sector
  • SciDev is up a steady 13.4 per cent on the market today and shares are trading for 72 cents each

SciDev (SDV) has signed a services agreement with the CYP Design and Construction Joint Venture (CYP D&C).

CYP D&C is a joint venture between Lendlease Engineering, John Holland, and Bouygues Construction.

This joint venture is responsible for the design and construction of the Metro Tunnel Project's two nine-kilometre rail tunnels and five new underground stations in Melbourne.

This partnership between SciDev and CYP D&C will focus on clay and water management associated with digging tunnels underground.

During this process, SciDev will use its water treatment capabilities to treat the slurry that comes from the digging.

"The agreement with CYP D&C follows on from the work SciDev executed within the NSW infrastructure sector and deepens the company's exposure in this industry," Managing Director and CEO Lewis Utting commented.

"The presence of SciDev experts on a major infrastructure project like Metro Tunnel is a positive reflection of the quality of our staff and the professional services we offer," he said.

"The infrastructure sector represents a globally significant opportunity for the company, where our coordinated solutions can support both processing, water and waste management requirements," he added.

SciDev is a water treatment company that focuses on the research, development and manufacture of polymers (large molecules made of repeated subunits) for solid-liquid separation.

Its technologies, MaxiFlox, OptiFlox, DairyFlox, and BioFlox, can solve the operational and environmental issues related to mineral processing and water treatment.

OptiFlox is SciDev's range of polymers which are specifically designed for the treatment of process water and wastewater in the mining and mineral industries.

MaxiFlox is used for the treatment of wastewater across industrial sectors such as food and beverage, oil and gas production, power generation, and paper and cardboard manufacturing.

BioFlox is used for the treatment of wastewater and sludge in the sewage treatment sector, while DairyFlox provides a safer, cheaper and greener method for treating wastewater in the manufacturing of dairy products.

SciDev is up a steady 13.4 per cent on the market today and shares are trading for 72 cents each at 12:09 pm AEST.


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