Envirosuite Ltd (ASX:EVS) has opened up a new industry sector and geographic market for its platform by securing a subscription sale to Chilean agriculture company Sopraval S.A.
The environmental management technology company’s platform will assist Sopraval in managing odour, dust and other air pollutants.
The new subscription deal is both Envirosuite’s first in Chile and its first major contract with a client in the agriculture sector.
Envirosuite (ASX: $EVS) has announced that agriculture company Sopraval is now a client. This is Envirosuite's first client in Chile and its first major contract with a client in the agriculture sector. https://t.co/SjyAFryiUH pic.twitter.com/CpV50ob3IM
— Envirosuite (@_EnviroSuite) July 2, 2018
Annualised recurring revenue of the contract is $200,000 on an initial two-year term, making it one of Envirosuite’s largest on-going subscriptions to date worldwide.
The sale both validates Envirosuite’s platform in the agricultural sector as well as further justify the strategic purchase of the assets of Odotech Inc in December 2017 which provided for Envirosuite’s fast-tracked entry into the Latin American market.
READ: Envirosuite shares run on major contract win to combat sewage smells
Sopraval is one of the world’s largest producers of poultry. Envirosuite’s technology will initially be installed at five of Sopraval’s fifty turkey farm sites.
Envirosuite’s Environmental Compliance and Impact Modelling solutions will enable Sopraval to better monitor current conditions and anticipate and manage impacts.
The Incident Intelligence solution will also be used to help manage the client’s interaction with the local community.
Next target: Latin American mining sector
Envirosuite chief executive officer Peter White said: “This marks another major contract win as the sales momentum builds across the group, and this particular win is strategically important for Envirosuite as it opens up a new industry sector and geographic market of opportunities for us to explore.
“It also validates our decision to buy Odotech, further increasing our client base.
“We are looking to further expand, not only in agriculture, but also in the mining sector in Chile and other Latin American countries.”