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1HFY21 REVENUE A$18.3m .. YOY+300%

CASH AT BANK (31 DEC 2020) A$7.1m

Recent Significant Contract Wins

..Shell .... Secondment of HFT staff to Shell to provide product development support

..FloTeck ... Partnership to deliver friction reducing chemistries to a major US E&P producer

..Melbourne Metro ... Provision of chemistry and professional services on Melbourne Metro Tunnel

..Iluka ... 3year contract at Jacinth Ambrosia minerals sands operation

..YanCoal ... Ongoing activity within the Hunter Valley coal fields

Recent Field Validation Work

..Syncrude ... Field qualification at one of Canada's largest oil sands producers

..BHP ...... Field validation at Olympic Dam copper mine

..OZ Minerals ... Provision of chemistry for Prominent Hill copper mine

..Eramet ... Provision of chemistry and technology in New Caledonia

..MMG ..... Continuous validation work with Las Bambas copper mine

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SDV will participate in a commercial trial with Fortescue Metals Group Limited (ASX:FMG; Fortescue), one of the world's leading producers of iron ore. The trial will be conducted at Fortescue's Solomon Hub, located in the Pilbara region of Western Australia.

 

 

SciDev progressed through a competitive tender process and have been invited to participate in a oneweek field qualification trial, representing A$60,000 in revenue. The field qualification will focus on the performance of the MaxiFlox® chemistry under plant operating conditions.

Commenting on the field qualification, SciDev Managing Director and Chief Executive Officer, Lewis Utting said: The agreement with Fortescue further extends the presence of SciDev chemistry and services across major mining projects in Australia. With water being a premium commodity in the Pilbara, SciDev technology can add real benefit to our customers as well as reduce their environmental footprint. The continued growth of SciDev and our ability to work with and service major mining companies such as Fortescue highlights the caliber of the SciDev team in executing the technical and commercial evaluations with our customers.
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Having secured a one week trial with one of the world’s largest resource companies, water tech company SciDev (ASX: SDV) now has a foot in the door at Fortescue Metals Group (ASX: FMG) with hopes of scaling the engagement to something more long-term.

 

SciDev’s trial comes following a competitive tender process where Fortescue sought water treatment solutions at its Solomon Hub in the Pilbara Region of Western Australia.

 

While the trial is valued at $60,000 the opportunity it presents SciDev is significantly larger if the trial of their MaxiFlox® chemistry goes well.

 

Full Article

 

https://www.thesentiment.com.au/scidev-hopi...cue-engagement/

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More good news this week

 

SciDev Limited (ASX:SDV; SciDev, or the Company) is pleased to announce that it has signed a contract

for supply of its MaxiFlox chemistry with SLN, a subsidiary of Eramet, the world’s number one producer

of ferronickel, a key raw material input to the stainless steel market.

The commercial supply will begin in FY21 for SLN’s Nepoui and Tiebaghi nickel operations. SciDev

progressed through laboratory and field qualifications in early FY21. The Company’s MaxiFlox®

chemistry and OptiFlox® technology will be used onsite to improve operational efficiency and water

use.

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SciDev to Acquire Haldon Industries extending its presence in the Water and PFAS sector

 

 

..Strategic acquisition of Haldon Industries Pty Ltd, an Australian based environmental engineering solutions company focused on the water and persistent organic pollutant sectors; the acquisition will have a maximum consideration of A$16.9m, with Equity on completion and Cash subject to future milestones.

 

 

..SciDev shares will be issued to Haldon principals at A$0.80 per share with a cash payment of A$1.7m on completion subject to a working capital adjustment. Additional cash payments will be made from Haldon delivered cashflow pending FY21, FY22 and FY23 performance and is subject to revenue and minimum EBITDA targets.

 

 

..Haldon have a created a strong presence providing innovative solutions in the Per- and Polyfluoroalkyl (PFAS) market in Australia via their mobile treatment plants. Haldon's PFAS solution is world class removing PFAS to undetectable levels while reducing the waste volume by c.20,000 times, which is 100 times greater than existing commercial alternatives.

 

 

..In FY20 Haldon delivered A$8.13m of revenue and generated an EBITDA of more than A$3m on an unaudited, cash basis. Haldon's people, products and services are highly complementary to SciDev. Haldon founders Sean Halpin and Jake Reardon to take senior leadership roles with SciDev and the remaining Haldon employees to join operational roles in the water segment.

 

 

..The acquisition of Haldon provides SciDev with presence and scale in the infrastructure, and water and wastewater verticals via Haldon's key services of water treatment, remediation, groundwater dewatering and onsite liquid waste treatment.

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Chemical engineering solutions company SciDev is raising $20 million to upgrade and consolidate its NSW facilities and fund the milestone payments for acquired company Water Services, which over delivered on its EBITDA target.

The business, which focuses on solutions for wastewater reduction from industrial processes, is raising $18 million from institutional investors, while also undertaking a $2 million share purchase plan

The business will also use part of the proceeds to fund green chemistry initiatives designed to displace oil based chemistries, which it believes is an $11 billion market.

The offer is priced at 65¢, representing a 9.7 per cent discount to its last trading price.

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