Envirosuite scores major partner for water software tech in engineering multinational GHD
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The deal gives EVS a major new market opportunity across the Asia-Pacific region with potential global reach.
Environmental intelligence company Envirosuite (ASX:EVS) announced a key development for its water software technology today, in the form of a strategic partnership with multinational engineering services firm GHD.
The agreement will combine the dual strengths of both companies, leveraging the market-leading EVS Water platform in conjunction with GHD’s global distribution network.
Through the deal, Envirosuite CEO Jason Cooper said the company will be able to “implement EVS Water faster, scale our ability to deliver and provide additional expertise to our customers”.
A key feature of the deal is that it builds off Envirosuite’s existing relationship with GHD, which is already an EVS customer.
GHD uses EVS Water – market-leading, real-time water quality software – as a core product within its water treatment and desalination operations across the Asia-Pacific.
Envirosuite’s Plant Designer software has been “embedded as part of business-as-usual design practices for the water treatment and desalination group within GHD”, Envirosuite said.
And speaking with Stockhead, EVS CEO Jason Cooper said the company’s standing as a preferred supplier gives it the opportunity to leverage expanded distribution opportunities.
The existing commercial agreement “provides a pipeline of potential customers that are working with GHD and trust GHD to provide solutions based on their expertise”, Cooper said.
“For example, GHD has used Plant Designer for several years to design plants that are now operating. They’re now looking for ways to optimise further and are uniquely placed to understand whether the Plant Optimiser solution can provide value.”
In line with Envirosuite’s diversified technology strategy, today’s market update follows on from its contract win with NASA to provide aviation noise analytics as part of the X-59 development project.
With a unique market opportunity to build exposure and scale up its client base, Cooper said EVS is executing on a strategy to expand its medium-term revenue growth as the value of water continues to increase.
“Water treatment and desalination are exciting sectors for revenue growth,” he said.
“Utilities and plant operators are seeking new ways to maintain reliability and avoid incidents that could jeopardise water quality. So these assets are critical to the community, and it’s a sector where investment continues to increase globally.”
This article was developed in collaboration with Envirosuite, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.