Appendix 4C - Quarterly Q3 and Activities Update
Melbourne, Oct 31, 2016 AEST (ABN Newswire) - Emefcy Group Ltd (
ASX:EMC) is pleased to provide the company's Appendix 4C Statement of Cash Flows for the period ended 30th September 2016.
Key achievements since 1 July 2016 include:
- Successful completion of a Private Placement of 49,400,000 fully paid ordinary shares at A$0.64 each to raise A$31,600,000 before costs, including the introduction of a number of strategic international investment funds to the share register;
- Inauguration of the first municipal scale wastewater treatment plant at Ha-Yogev, Israel
- Publication of the Company's goals with respect to expanding into China, entering into strategic agreements with key advisors and establishing arrangements for a planned high volume manufacturing facility in Jiangsu Province;
- Entering into memoranda of understanding with two strategic partnership / integrators in China; each with potential market reach over five years of up to A$1 billion. Further strategic agreements are anticipated.
-- The first Emefcy MABR system, paid for by Wuxi Municipal Design Institute in China, has been manufactured and shipped to China.
Key points to note in relation to the Appendix 4C included:
- Net proceeds from the Private Placement were USD 22.6M;
- Research and development, and operating activities accelerated following the success of the placement with field testing of next generation Sabre modules having commenced;
- A debt payable to True North on the achievement of the First Vendor Milestone was paid in full;
- Customer receipts increased quarter on quarter;
- Cash and cash equivalents as at 30 September 2016 amounted to USD 25.4M; and
- The ASX Appendix 4C Statement of Cash Flows attached is presented in US dollars.
To view the statement, please visit:
http://abnnewswire.net/lnk/J1LL53W5
About Fluence Corporation Ltd
Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) is a leader in the decentralized water, wastewater and reuse treatment markets, with its Smart Products Solutions, including Aspiral, NIROBOX, NIROFLEX and SUBRE. Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery to ongoing support and optimization of water related assets, as well as Build Own Operate Transfer (BOOT) and other recurring revenue solutions. With established operations in North America, South America, the Middle East, Europe and China, Fluence has experience operating in over 70 countries worldwide and enables businesses and communities worldwide to maximize their water resources.
Further information can be found at https://www.fluencecorp.com/
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