SciDev Wins AU$396,000 Contract for Water Contamination Treatment Across US Department of Defense Sites; Shares Up 8%

MT Newswires Live

03-26

SciDev (ASX:SDV) won a AU$396,000 contract with US consulting firm Halff, according to a Wednesday filing with the Australian bourse.

The contract is for the treatment of 190,000 liters of PFAS-contaminated water on four US Department of Defense sites, per the filing. PFAS, or perfluoroalkyl and polyfluoroalkyl substances, are man-made chemicals used in consumer products and industrial processes.

This is SciDev's first contract in the US for PFAS remediation, the filing stated.

SciDev's shares climbed 8% in recent Wednesday trade.

Price (AUD): $0.47, Change: $+0.050, Percent Change: +12.05%

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