thanks for the story. Did people say Memtec wasn’t code...

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ash007

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21/05/24

10:16

Post #: 73928735
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Originally posted by Mirabiledictu1: ↑

Bdawg , I thought I would post an extract from Memtec story , why we need to go to America and failure of uptake in Australia .
The technology now is used world wide including desalination plants .The company I worked for rejected Memtec , but embraced later when the same technology was forwarded as a solution by an international company.
Path seems similar for FBR past and future.
Memtec (membrane technology) was to be the benchmark by which university research and commercial realities would find common ground.The technology developed at the University of NSW was a way of purifying large-volume, low-value, fluid flows that had previously been achieved in the medical world for sterilising intravenous drips and other low-volume, large-value fluid flows.The heart of the technology was a development in membrane Ultrafiltration. Following an initial public offering in 1983, the company started off purifying juices and then moved into waste water purification. It had the technology, but it needed a market. Unfortunately the waste water market was historically a civil engineering market, stringently and jealously guarded by the engineers of the large water authorities around Australia. Memtec fell victim to the ultimate Catch 22. Conservative and parochial engineers with little or no membrane purification experience were reluctant to test a home-grown technology until it had been proved overseas.The Franklin River dam controversy had lifted the environmental consciousness and outfall pollution at Bondi Beach and other areas in Sydney during the early 1980s was making the environment a political issue. The Sydney Water Board (now Sydney Water) had more than 11,000 employees (it now has around 3000 to 4000) and the engineering-dominated water authority was under pressure to fix the problem. The solution was capital-intensive treatment plants and ocean outfalls. Memtec and its technology was left at the margin. Its loyal band of shareholders saw its share price continue to wither. Memtec CEO Denis Hanley saw the problem and decided to try and win market share offshore. The US was the obvious place. People there were anxious to protect the public drinking water systems against giardia and cryptosporidia, so Memtec moved its marketing focus to the US and to drinking water. It successfully listed on the NASDAQ and began to expand. Just before it was taken over, the company had grown substantially in the US and it had its own European operating subsidiaries in France, Italy, the UK and it was particularly large in Germany.

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thanks for the story. Did people say Memtec wasn’t code compliance?

FBR Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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thanks for the story. Did people say Memtec wasn’t code...

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