Gradiant Announces Rapid Sales Growth with Over $500 Million in New Orders for the First Half of 2024
2024年8月6日 - 9:55PM
ビジネスワイヤ(英語)
Growth was driven by geographic expansion
and strategic advancements in semiconductors and microelectronics,
and an expanded range of offerings across other industrial
markets
Gradiant, a global solutions provider for advanced water and
wastewater treatment, today announced it closed the first half of
2024 with over $500 million in new orders, continuing the momentum
from a record first quarter order book of $337 million. This
performance marks the fifth year of doubling annual sales and the
impact of the company's strategic expansion into the United States
and critical high-tech manufacturing sectors worldwide.
Gradiant continued to deliver for blue-chip leaders in the
world’s essential industries for whom they have become the go-to
water solutions partner, signing new agreements to design, build
and operate flagship water treatment and wastewater recycling
plants in the United States, Europe, Middle East, Africa, and Asia
regions. A significant portion of the new orders are for high
profile projects in the semiconductor and microelectronics industry
in the United States and Asia, and for returning customers who are
increasingly adopting more of Gradiant’s solutions based on
positive experiences with the technologies and team. New orders in
the first half of 2024 are with clients including Micron,
STMicroelectronics, AB InBev, Coca-Cola, Nestle, Rio Tinto,
Petronas, ADNOC, and Nama Water.
These agreements highlight the increasing demand from critical
high-tech manufacturing, food and beverage, and heavy industrial
sectors for solutions that reduce water consumption, reclaim
valuable resources, and renew wastewater for return to nature.
These deals showcase Gradiant's capability to support sustainable
global development across various environmental, economic, and
regulatory landscapes.
Industry uses up to 50% of the world's water. Gradiant offers a
complete technology stack engineered to handle complex water and
wastewater challenges for the world's essential industries,
including food and beverage, pharmaceuticals, mining, renewables,
and power. Gradiant solutions ensure that industrial partners
achieve operational and sustainability efficiency goals at the
lowest CAPEX and OPEX costs.
The succession of wins reflects Gradiant's increasing prominence
resulting from the addition of its CURE Chemicals, a full suite of
customized chemical solutions for water and wastewater operations
recently announced. Recognizing the continued momentum, the
prestigious GWI Global Water Summit honored Gradiant in May with
the "Water Company of the Year (Distinction)" and "Water Technology
Idol'' awards, acknowledging their leadership performance in
technology innovation.
"Our continued sales growth, bolstered by new high-tech
industrial partnerships, is a testament to our solution-oriented
approach and technological innovation that meets the exacting
performance and sustainability demands of our clients," said
Prakash Govindan, Gradiant COO. "We are delivering on our
commitment to help industry and communities thrive side-by-side to
ensure water for generations to come."
Gradiant significantly enhanced its value proposition in Q2 with
groundbreaking technological announcements in PFAS treatment and
lithium production.
In May, Gradiant introduced ForeverGone, the industry's first
complete all-in-one solution to remove and permanently destroy
PFAS, the harmful forever chemical. ForeverGone produces water that
meets or exceeds the latest US EPA drinking water standards for
PFAS. The fully integrated solution efficiently, sustainably, and
at the lowest total cost achieves comprehensive PFAS removal.
Subsequently, in June, Gradiant announced alkaLi, a standalone
spin-out company dedicated to accelerating the scaling of
battery-grade lithium production. alkaLi is powered by EC2, a
Gradiant-Grade Innovation that is the industry's first and only
all-in-one, fully integrated solution, engineered to EXTRACT,
CONCENTRATE, and CONVERT battery-grade lithium. alkaLi offers the
world's most efficient solution to produce lithium and meet the
rapidly growing trends in electrification—led by the demand for
EVs, energy storage, and portable electronic devices.
About Gradiant
Gradiant is a Different Kind of Water Company. With a full suite
of differentiated and proprietary end-to-end solutions for advanced
water and wastewater treatment powered by the top minds in water,
the company serves its clients' mission-critical operations in the
world's essential industries, including semiconductors,
pharmaceuticals, food & beverage, lithium and critical
minerals, and renewable energy. Gradiant's innovative solutions
reduce water used and wastewater discharged, reclaim valuable
resources, and renew wastewater into freshwater. The
Boston-headquartered company was founded at MIT and has over 1,000
employees worldwide. Learn more at gradiant.com.
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Corporate Contact Felix Wang Gradiant Global Head of
Branding and PR fwang@gradiant.com