UK water company contract
June 01 2007 - 4:25AM
UK Regulatory
RNS Number:6039X
Virotec International PLC
01 June 2007
VIROTEC INTERNATIONAL PLC
1 June 2007
First UK Water Company Contract
The Directors of Virotec International plc ("Virotec")(AIM:VTI) are pleased to
announce that Virotec has entered into a contract to supply ViroFilterTM
Technology to a Water Company in the UK. Valued at approximately #63,000, the
contract will be implemented in the second half of 2007.
It is planned that the limits for phosphate levels being discharged into British
waterways, particularly inland waterways, will be dramatically reduced in the
coming years from approximately 5-10 parts per million to less than two parts
per million. Virotec has demonstrated that its ViroFilter(TM)Technology has the
capacity to reduce phosphate to these lower target limits through extensive
testing of the Technology by the Water Research Council in 2005 and by one of
the UK's largest Water Companies over the past six months.
This contract provides for the supply of a ViroFilter(TM)passive treatment
system to one of many wastewater treatment plants throughout the UK, and is able
to reduce the level of phosphate to the new reduced limit.
Dr Lee Fergusson, Virotec's Chief Executive Officer stated "It has taken some
time and extensive testing to demonstrate the effectiveness of the Technology to
the Water Industry and we believe this first commercial contract, whilst small,
will provide a showcase of our Technology for the industry. The contract relates
to one small town, of approximately 650 people, and there are thousands of
similar and larger towns in the UK that can benefit from the Technology. A major
commercial driver will soon be in place with the regulator requiring stricter
targets, and we are confident that in the ensuing years this will form the basis
of many further contracts in this area".
New Appointment
As part of the ongoing strategic positioning of Virotec in the UK, Stephen Young
has been appointed as the new UK General Manager. Stephen comes to Virotec
Europe from his former positions as Waste Manager for Veolia Environmental
Services and Area Manager for Shanks Chemicals. He has significant experience in
the waste treatment industry throughout the UK, and Virotec Europe believes his
appointment to the company is a positive step in building its profile in the
waste treatment and environmental remediation industries in the United Kingdom.
Sales in Australia
The Directors are also pleased to report Australia achieved two consecutive
record months for revenue in April and May, 2007, with the business invoicing in
excess of $AUD 900,000 for the two months. Projects with a state road
construction company, a large commercial land developer, and further significant
projects in CCA treatment, mining and other industrial waste treatments helped
spur the business to this record.
Dr Lee Fergusson, Virotec's Chief Executive Officer added "Whilst these sales
were boosted by some one off projects, the continued increased level of demand
for our solutions is very satisfying. The business is well positioned for
continued growth in this area".
VIROTEC INTERNATIONAL plc
PO Box 1092
Oxenford QLD 4210
Australia
www.virotec.com
This information is provided by RNS
The company news service from the London Stock Exchange
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