Calix secures $10m U.S. water treatment contract
Key points
- Calix executes 3-year contract with option for 2 more years
- Contract expected to generate up to A$10m in additional annual revenue
- Contract with one of world's largest agriculture companies
Full summary
Australian environmental technology company, Calix Limited (ASX: CXL) has executed a contract for the supply of magnesium hydroxide water treatment products to a new customer in the United States. The three-year contract, with options for a further two years, and subject to conditions and performance against agreed indicators, is with one of the world's largest agriculture companies that generated multi-billion revenues in 2024. Calix plans to service the contract through its existing production and distribution facilities in the Mid-West region of the United States. First revenues from the contract are expected in the first quarter of the 2026 calendar year. Calix confirms that the announcement contains all material information relevant to assessing the impact of the contract on the price and value of its securities and is not misleading by omission.
Guidance
The contract is expected to generate up to A$10m in additional annual product and services revenue.
Summary generated by a large language model. Please interpret with care.