Water Intel. Regulatory News (WATR)

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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."

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