News | September 1, 2020

Gradiant Eyes Rapid Growth In Asia Pacific's US$5B Water Market With 12 Project Wins In H1 2020

SINGAPORE--(BUSINESS WIRE)--

Gradiant Corporation, a leader in innovative solutions for desalination and industrial wastewater treatment, announced today that it has secured 12 new projects across Asia Pacific in the first half of 2020. This represents a multi-fold year-on-year growth in the region, boosting Gradiant’s ability to capitalise on Asia Pacific’s water market, worth US$5B according to data from Global Water Intelligence (GWI).

These projects address complex water challenges in textiles, pharmaceuticals, infrastructure, power, FMCG, chemicals and water supply. The projects range from the production of domestic water from rivers to treatment of high-contamination industrial effluent for reuse, including Zero Liquid Discharge (ZLD) applications. Delivered under a Build-Own-Operate service approach and equipment sale business model, the 12 projects have a combined value of over US$250M and are forecasted to deliver annual revenues of approximately US$25M.

“The robust growth that Gradiant has secured across key markets in Asia Pacific is a testament to the increasing demand and recognition of the economic and socioeconomic value that water treatment technologies can generate. These project wins spearhead an exciting growth phase for Gradiant in Asia, echoing our commitment to better serve our customers as we cement ourselves as a leader in the region’s water treatment landscape,” Gradiant COO and co-founder Prakash Govindan affirmed.

To meet the region’s growing demand for desalination and water filtration technologies, Gradiant has consolidated its membrane innovations into an integrated technology suite, RO Infinity (ROi). Solutions under the ROi brand comprise Gradiant’s patented Counterflow Reserve Osmosis (CFRO) process as well as advanced Reverse Osmosis (RO) and Forward Osmosis (FO) techniques designed to overcome barriers that limit traditional desalination methods. The ROi solution suite opens an incremental addressable market of US$500m for the company.

“We are very excited to launch the ROi suite, that provides customers with more clean water, less waste, optimal energy efficiency, and guaranteed reliability. The combination of product R&D advances, best available technologies, and our culture of innovation is enabling Gradiant to tackle some of the world’s toughest water treatment challenges,” said Rick Stover, Vice President of Technology.

Demand for Gradiant’s products and services is expected to accelerate drastically in Southeast Asia. With over 125 people throughout APAC and cutting-edge testing and R&D labs in Singapore, Chennai (India), Shanghai (China) and Boston (US), GRADIANT is firming up its position as a global leader in technology driven desalination and water treatment.

About Gradiant Corporation

Gradiant delivers tailored solutions for treating complex industrial wastewaters and desalinating seawater. With a robust end-to-end product portfolio and proven technical and operational expertise, Gradiant’s desalination, brine concentration, and industrial recycling solutions enable cost-effective and sustainable water treatment, achieving industrial growth in harmony with nature. The company serves customers across the globe via its corporate headquarters in Boston USA, R&D facility in Singapore, and its operating subsidiaries Gradiant India (Chennai), Gradiant China (Shanghai, Ningbo), Gradiant Energy Services (USA –Houston, Midland), CRS Water (Australia), and Gradiant Middle East (Al Khobar).

Copyright Business Wire 2020