Australia's SciDev surges after securing first data centre contract

Scidev

05/08/2026 02:26

** Shares of Australia's SciDev SDV.AX rise as much as 25.9% to A$0.17, highest level since April 30
** Stock on track for third consecutive session of gains, if current trends hold
** Water treatment solutions provider secures its first contract in the data centre market
** SDV says scope of work includes design, engineering services, among others, across two of Australia's largest hyperscale data centre operators 
** Contracts are anticipated to generate up to A$0.5 million ($352,150) in revenue during 1H FY27, company says
** YTD, stock down 64.9%
($1 = 1.4198 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))