Friday, 07 August 2020 12:27

Envirosuite to acquire AqMB Holdings for $1.35m

Envirosuite CEO Peter White Envirosuite CEO Peter White

Australian-listed environmental management technology company Envirosuite has inked a binding share purchase agreement to acquire 100% of water modelling R&D technology software company AqMB Holdings for $1.35 million.

Envirosuite (ASX:EVS) says for its existing and future wastewater treatment plant customers the acquisition takes it beyond the compliance threshold of odour management solutions, and into the core operations to “directly address two of their most significant operating cost items; chemicals and energy”.

Prior to committing to the acquisition, the AqMB IP was trialled at the Yinghai recycled water treatment plant in Beijing to determine to what extent the application could optimise chemicals and electricity usage at the plant while still ensuring compliance with increasingly stringent local regulations around water quality and discharge.

Envirosuite says the trial indicated a potential reduction of up to 35% or A$500,000 equivalent in annual electricity and chemical usage at the plant, which is owned by Beijing Enterprises Water Group that has an asset portfolio that includes 500 of China’s 3300 wastewater and recycled water treatment plants.

Globally Envirosuite says it has so far identified as many as 25,000 applicable sites which could benefit from the technology.

Founded in Sydney in 2014, the AqMB (Aqueous Material Balance) business has developed a “Digital Twin” – a neural network-based machine learning tool that models chemical and biological processes in water treatment plants to predict and optimise operations for water network assets (AqMB IP). The AqMB IP is also applicable across all water treatment plants including those in mining, industrial production, infrastructure sites as well as the waste and wastewater sectors.

Envirosuite says that to date the AqMB IP has been used to support consulting projects for companies including Veolia and Jacobs, mainly in the design stage of wastewater treatment plants - and the acquisition opportunity is to embed the AqMB IP in Envirosuite’s cloud-based solution suite and offer it as an ongoing operational application via a SaaS model.

Envirosuite says it is now accelerating the development of a new “smart water” product solution that will be launched commercially within the next six months, and which will combine the strength of the AqMB IP for the modelled effects of biological and other processes on chemical and energy inputs, with EVS’s exclusively licenced SeweX algorithms to monitor and prolong the operational life of water collection and distribution infrastructure.

“Envirosuite aims to play an increasingly important role for water asset operators around the world who are looking to solve problems relating to water supply, quality and scarcity via digital transformation,” said Envirosuite CEO Peter White.

“The acquisition of AqMB is a very significant step towards achieving our vision to unlock value beyond compliance and apply our augmented environmental modelling software to directly assist customers to optimise their working assets and reduce expensive and polluting chemical inputs.”

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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