SciDev Ltd ( (AU:SDV) ) has issued an announcement.
SciDev Ltd has secured its first contract in the United States for PFAS remediation, partnering with consulting firm Halff to treat PFAS-contaminated water at US Department of Defense sites. This A$396K contract involves treating up to 190,000 liters of contaminated water across four installations in the Southern US, marking a significant milestone in SciDev’s expansion into the US water technology market. The contract opens up a substantial market opportunity for SciDev, as the US PFAS remediation market is valued at USD $220 billion, with 55,000 identified sites requiring treatment. This development underscores the critical role of SciDev’s proprietary solutions in addressing environmental challenges and highlights the growing global demand for sustainable water treatment solutions.
More about SciDev Ltd
SciDev Ltd is a leader in providing innovative water treatment solutions, specializing in specialty chemistry and technologies for heavy industries such as mining, mineral processing, water and wastewater, construction, infrastructure, oil and gas, remediation, and defense sectors. The company focuses on ensuring clean and sustainable water resources, improving operational efficiencies, and reducing environmental impact for its clients.
YTD Price Performance: -26.72%
Average Trading Volume: 210,895
Technical Sentiment Signal: Buy
Current Market Cap: A$80.79M
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