RCS - Water Intelligence - Municipal Wins in Australia

Water IntelligenceAnnouncement

26/07/2022 07:00

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RNS Number : 6839T  Water Intelligence PLC  26 July 2022

RNS Reach

Municipal Wins in Australia

Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a
leading multinational provider of precision, minimally-invasive leak detection
and remediation solutions for both potable and non-potable water is pleased to
announce two multi-year customer wins in Australia for the Group's Water
Intelligence International business ("WII").

With today's wins, WII Australia, WII's wholly-owned subsidiary, has
reinforced the growth of its municipal business segment in Australia.  First,
WII Australia has renewed a multi-year contract with its existing customer
Sydney Water.  Second, WII Australia has won a new multi-year contract with
Iota Services Pty Ltd operating in Southeast Melbourne. Both contracts will be
in full execution mode in August. Together the contracts are expected to
exceed AUD $1 million in annual revenue starting with full year 2023 and
beyond.

Executive Chairman, Dr. Patrick DeSouza commented: "Steve Gayler, who runs our
WII business and Chris Medcalf, who runs WII Australia, have continued to
navigate difficult operating conditions in Australia especially with respect
to Covid and extreme flooding earlier this year. Our operations are off to a
good start for 2H. Today's municipal wins reinforce a strong corporate
foundation in Australia which extends to related residential and commercial
customers and our neighboring franchise units."

Enquiries:

 Water Intelligence plc
 Patrick DeSouza, Executive Chairman               Tel: +1 203 654 5426
 RBC Capital Markets - Joint Broker

 Jill Li, Daniel Saveski                           Tel: +44 (0) 20 7653 4000

 WH Ireland Limited - NOMAD & Joint Broker

 Chris Hardie, Ben Good                            Tel: +44 (0) 20 7220 1666

 Dowgate Capital Ltd - Joint Broker

 Stephen Norcross                                  Tel: +44 (0) 20 3903 7721

 

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