Fluence Corporation Limited announced that Financial Close on the USD 182 million Ivory Coast water treatment plant (Project) has been achieved with the execution of the financing agreement by the Ministry of Finance of Ivory Coast (the Customer) and the Israeli Discount Bank (IDB). IDB was supported with export credit insurance from the Israeli Export Credit Agency ASHRA. Following Financial Close, and upon meeting any outstanding conditions precedent, Fluence will start construction to fully erect and commission the 150,000 m3/day surface-water treatment plant over the next 24 months. Achievement of Financial Close allows Fluence to immediately recognize no less than USD 20 million of revenue for work that has already largely been completed. The delay in signing of the financing agreements may result in a shortterm deferral of revenue that was expected to be recognized in 2019. However, there is a possibility that such revenue may still be able to be recognized, which would support Fluence's ability to achieve an EBITDA positive quarter in Fourth Quarter 2019.