Water Intelligence PLC

26 July 2022

RNS Reach

Municipal Wins in Australia

Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce two multi-year customer wins in Australia for the Group's Water Intelligence International business ("WII").

With today's wins, WII Australia, WII's wholly-owned subsidiary, has reinforced the growth of its municipal business segment in Australia. First, WII Australia has renewed a multi-year contract with its existing customer Sydney Water. Second, WII Australia has won a new multi-year contract with Iota Services Pty Ltd operating in Southeast Melbourne. Both contracts will be in full execution mode in August. Together the contracts are expected to exceed AUD $1 million in annual revenue starting with full year 2023 and beyond.

Executive Chairman, Dr. Patrick DeSouza commented: "Steve Gayler, who runs our WII business and Chris Medcalf, who runs WII Australia, have continued to navigate difficult operating conditions in Australia especially with respect to Covid and extreme flooding earlier this year. Our operations are off to a good start for 2H. Today's municipal wins reinforce a strong corporate foundation in Australia which extends to related residential and commercial customers and our neighboring franchise units."

Enquiries :

 Water Intelligence plc 
 Patrick DeSouza, Executive Chairman     Tel: +1 203 654 5426 
 RBC Capital Markets - Joint Broker 
  Jill Li , Daniel Saveski                 Tel: +44 (0) 20 7653 4000 
 WH Ireland Limited - NOMAD & 
  Joint Broker                             Tel: +44 (0) 20 7220 1666 
  Chris Hardie, Ben Good 
 Dowgate Capital Ltd - Joint Broker 
  Stephen Norcross                         Tel: +44 (0) 20 3903 7721 

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(END) Dow Jones Newswires

July 26, 2022 02:00 ET (06:00 GMT)

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