Suvo Executes Non-binding MOU with Dowsing Group

• Non-binding Memorandum of Understanding (“MOU”) executed with Dowsing Group (“Dowsing”).
• Dowsing is one of Australia’s leading civil contractors specialising in slipform concrete pavements, barriers, kerbing, footpaths, hardscapes and civil services.
• Notable projects Dowsing have been a part of in Western Australia include the Bunbury Outer Ring Road, Onslow Iron Project, Kwinana Freeway Widenings, Metronet, Mitchel Freeway H2H, Leach Highway Upgrade, Armadale Road Upgrade.
• Dowsing is also known for its innovation and outside the box thinking, providing various unique solutions such as slipforming conveyor footings for large scale overland conveyors at Rio Tinto’s Silvergrass East iron ore mine.
• The purpose of the MOU is to collaborate in good faith in progressing and negotiating a strategic partnership agreement to exploit Suvo’s licensed intellectual property, a low carbon geopolymer concrete plant and formulations.
• The intention of the agreement is for Suvo and Dowsing to work together to develop a low carbon concrete for deployment in various end use applications.
• The MOU with Dowsing follows the recently announced MOU with Polvine Pty Ltd (“PERMAcast”), Western Australia’s leading supplier of precast and prestressed concrete products.