SINGAPORE--(BUSINESS WIRE)--GRADIANT, a technology-driven end-to-end wastewater treatment solution provider, today announced that it has secured 18 new project wins in the second half of 2020 across its Asia Pacific (APAC), Middle East and US offices. 14 projects were secured with APAC based organisations following 12 projects previously awarded to the company across the region in 1st half of 2020. To meet evolving customer requirements, the company has also introduced its latest asset management platform, SmartOps™ which will be part of GRADIANT’s plants around the world.
The 18 projects include both Design-Build (DB) and Design-Build-Own-Operate (DBOO) projects in pharmaceutical, latex, food and beverage, seawater desalination, mining, steel and chemical industries, and range from the treatment of seawater to the treatment of highly contaminated industrial effluent for reuse. The DB projects secured have a total contract value of approximately USD 10 million, while the remaining DBOO projects secured have a USD 11 million average revenue and a total contract value of USD 190 million. 30 projects were secured by GRADIANT over the course of 2020, delivering a combined contract value of over USD 400 million.
“The acquisition of 30 new projects continues GRADIANT’s multi-fold year-on-year growth in Asia Pacific, and enables the company to enter the new year in a market leading position despite challenges arising from COVID-19. This milestone was further boosted by the launch of various solution suites and further expansion into key Asia Pacific markets, placing the company in an optimal position to better service the region’s water treatment market, valued at more than US$5 billion according to Global Water Intelligence,” said Prakash Govindan, Co-founder and COO, GRADIANT. “We are optimistic that this growth momentum will continue in 2021 with an increasingly global focus on sustainability, and we look forward to working with more like-minded partners across the globe to achieve our vision of sustainable growth,” he added.
GRADIANT has also introduced SmartOps™ - an innovative asset performance management service capable of managing plants remotely and on-site. Additionally, SmartOps™ will incorporate artificial intelligent controls to monitor equipment health, proactively manage maintenance, optimise costs, and provide customers with real-time updates for any digital device.
“We have observed a digital transformation trend for operations and maintenance among our customers’ sites in recent years. In response, GRADIANT has established SmartOps™ to empower adopters with better asset management capabilities. It incorporates a merge of technology and people ‘smarts’ that can help organisations more effectively optimise water and wastewater assets over their lifecycle via a real time, data-driven approach, bringing about cost and efficiency savings in the long term,” said Hiep Le, VP, Process & Applications Engineering, GRADIANT.
Supported by a talented workforce numbering more than 250 people throughout APAC and five cutting-edge testing and R&D labs in Singapore, Ningbo China, Boston USA, and Chennai India, GRADIANT is on track to accelerate its expansion into the eastern hemisphere over the next few years. This builds on GRADIANT’s already established operations in North America, Malaysia, India, Australia, and China.