bullish
Fluence Corp Ltd - The pipeline is being converted
SUMMARY
- RaaS Research Group has published a flash comment on environmental services company Fluence Corporation (ASX:FLC) following its announcement yesterday that it had secured a US$7.1m contract to provide a Sea Water Reverse Osmosis project for Stereau on Mayotte, a French archipelago in the Indian Ocean.
- This material project for the Municipal division (MWW) is complemented by a US$1.5m contract win in the Industrial Wastewater & Biogas division (IWB) for a food processor in the US.
- When combined with other recent successful tenders the new orders secured in the first 6 weeks of the current quarter total ~US$12m.
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