Singapore-based water company De.mem, industrial wastewater treatment solutions provider, listed on the Australian Stock Exchange (ASX) during the 1st quarter of 2017. The company raised approximately SGD 5 million to further expand its business in Singapore, Vietnam and the region. De.mem is a spin-off company from the Nanyang Technological University's (NTU) Nanyang Environment and Water Research Institute (NEWRI), having licensed several innovations from the university.
Technologies include a novel low-pressure hollow-fibre nanofiltration membrane technology, that holds potential to significantly lower operating cost and capital expenditure for applications in water and wastewater treatment. Parts of the proceeds from the IPO are used to build a pilot manufacturing facility for the new membrane.
Furthermore, De.mem intends fund build, own, operate (BOO) projects out of the funds raised. Under these arrangements, the company retains the ownership in water and waste water treatment systems and operates them on behalf of its clients, in turn reducing capital outlay and manpower cost.
After having successfully run more than 15 projects in Singapore and Vietnam, De.mem is now turning its attention to a significant pipeline of project opportunities in different countries. The company plans to commercialize the new nanofiltration membrane in applications in both industrial waste water and municipal water treatment.
Mr. Andreas Kroell, CEO of De.mem, said: “Our company has a strong partnership with NEWRI / SMTC in technology commercialization. We are excited about the quality of the new nanofiltration membrane developed at NEWRI and look forward to seeing this new technology in the market.”