Blumetric signs contracts worth total of $5-million

Executive Summary

• Blumetric Environmental Inc. secured two significant contracts in the Caribbean, totaling $5 million, marking its first recurring operations and maintenance (O&M) agreement in the region.
• The first contract involves supplying a complete water technology solution, including seawater reverse osmosis (SWRO) and membrane bioreactor (MBR) systems, for a private island in the Exumas, Bahamas.
• The second contract is a one-year O&M agreement for an existing SWRO desalination plant in St. Kitts and Nevis, valued at $1.6 million, with expected annual renewals.

Key Details

• Total Contract Value: $5 million USD.
• Contract 1 (Exumas, Bahamas):
  • Scope: Supply of a complete watertech solution including design, engineering, manufacturing, and service.
  • Technology: Seawater Reverse Osmosis (SWRO) and Membrane Bioreactor (MBR).
  • Capacity: SWRO supplies up to 320,000 pounds sterling of potable water; MBR treats 120,000 gallons per day (GPD) of wastewater.
  • Value: $3.4 million USD ($2.4 million GBP).
• Contract 2 (St. Kitts and Nevis):
  • Scope: First recurring O&M agreement for the company's SWRO desalination plant in the Caribbean.
  • Term: One-year term, expected to be renewed annually based on client needs.
  • Value: $1.6 million USD ($1.1 million GBP).
• Strategic Impact: The deals highlight Blumetric's ability to provide end-to-end sustainable water and wastewater solutions and establish a recurring service revenue base.

Notable Quotes

• "We're pleased to announce these wins in the Caribbean... These achievements demonstrate our commitment and continued investments in the region from which we will continue to strengthen our product and service offerings as key differentiators that help us drive long-term client relationships." — Scott MacFabe, Chair and CEO