BNEF Pioneer Oasys Water May Target Australia After China Bids

Oasys Water Inc., a closely held producer of water-treatment and desalination systems, may seek to expand in Australia and the Middle East after bidding on projects in China this year.

The Boston-based company is “optimistic” about winning one or two bids in China, where it has a partnership with Beijing Woteer Water Technology Co., Chief Financial Officer Edward Freedman said today in an interview.

“We need to focus on a few markets, really target them,” Freedman said at the seventh annual Bloomberg New Energy Finance Summit in New York, where Oasys was selected as one of 10 2014 New Energy Pioneers.

Oasys also is focused on gaining domestic contracts, Freedman said. In December, the company signed a sales agreement with National Oilwell Varco Inc. (NOV), the largest maker of oil-field equipment. The first Oasys system is expected to be deployed later this year in Texas.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Stephen Cunningham

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.