Gradiant, an end-to-end cleantech water treatment solutions provider, announced that it has secured 26 new projects in
2021 year-to-date (YTD) across the Asia Pacific (APAC) region. Four of the projects will be delivered as
design-build-own-operate-manage (DBOOM) contracts for long-term concession periods of up to 20 years. The business
growth demonstrates increased demand for advanced water & wastewater treatment during the prolonged COVID-19 pandemic.
The new contracts in 2021 YTD are a mix of high-profile clients in the industrial, municipal, and government sectors,
including multinational brand owners. Eighteen of the 26 new projects in 2021 YTD are with new clients that have
selected Gradiant for the first time to solve their complex water challenges. New applications for Gradiant's
technologies this year have been in lithium mining, semiconductor fabrication, and high complexity industrial wastewater
reuse.
"Our business has thrived this year at Gradiant, despite the challenging market dynamics brought on by the COVID-19
pandemic," said Prakash Govindan, Co-Founder and COO of Gradiant. "We have adapted to the evolving needs of the market
by taking on new clients to penetrate new strategic COVID-resistant market segments in semiconductors, mining, and
personal protective equipment (PPE). Facilities equipped with Gradiant's SmartOps(TM) asset management and remote
monitoring & control systems continue to produce mission-critical water during the COVID-related travel and access restrictions.
Since the onset of the pandemic in early 2020 until today, Gradiant has been awarded 56 new projects, delivering a total
contract value of over US$514 million. We are proud of these accomplishments while managing through the pandemic - these
results are only possible because of the commitment and passion of our team and our customers."
Gradiant is committed to the Asia Pacific region. Almost all Gradiant's growth in 2021 YTD has been in Asia Pacific,
where the region's rapid urbanisation and population growth have been driving the demand of clean and sustainable
technologies. Gradiant won new contracts to build facilities for the first time in Indonesia, Vietnam, and even
Antarctica. Gradiant's team has grown from 250 people at the end of 2020, to about 350 people in 2021 YTD - almost all
headcount growth has been in the Asia Pacific region, mainly in their Singapore Regional HQ and R Center.
Research from MSCI(*) has indicated growing attention to sustainability among investors, who have recognised that
companies with strong environmental, social and governance practices in Asia are outperforming their counterparts. These
regional trends suggest growing need for brand owners to adopt sustainable business practices, placing greater
importance for cleantech solutions providers such as Gradiant to support their operations.
"We are experiencing another year of robust growth at Gradiant," said Luke Johnson, CFO of Gradiant. "Growth remains
consistently strong across our strategic market segments in semiconductors, mining, and pharmaceuticals, and our new
contract wins support the market's sustained demand for cleantech solutions and DBOOM concession agreements. We have
proven this year that our acquisitions of Sigma Water (Malaysia) and CRS Water (Australia) in 2020 created synergies to
access new customers, applications, and geographies, when married to Gradiant's clean water technologies and project
development and financing capabilities."