Australian environmental technology company Calix (ASX:CXL) has secured a new US contract for the supply of magnesium hydroxide water treatment products, expected to generate up to $10 million in additional annual revenue.
The three-year agreement, with options to extend for a further two years, is with one of the world's largest agriculture companies, which reported multi-billion-dollar revenues in 2024.
Calix will fulfill the contract through its existing production and distribution facilities in the U.S. Midwest, with first revenues anticipated in the first quarter of 2026.
The company noted that the customer's identity is not expected to materially affect its share price, and confirmed that the announcement provides all material information regarding the contract.