Xylem Inc. calls for increased investment in drought-mitigation technologies

MIRA LOMA, Calif.--(BUSINESS WIRE)--Apr. 1, 2015-- Xylem Inc. (NYSE:XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, today issued a statement regarding the California Department of Water Resources’ official snowpack report. The Company is calling on lawmakers to take steps needed to accelerate the use of drought-mitigation applications, including water reuse and recycling technologies.

Statement of Keel Robinson, North America Marketing and Business Development Manager for Xylem:
"The April 1 California Department of Water Resources snowpack results confirm what we already know: California is facing a water crisis that has the potential to severely impact the state for years to come. Bold, proven approaches are urgently needed to address California’s current water scarcity crisis, which by some estimates will have a $3 billion economic impact on the state this year alone. We also need to substantially increase investment in sustainable, long-term solutions that will secure our water future and deliver valuable environmental co-benefits.

The good news is that the technology exists. Technologies for water reuse, water recycling and energy efficiency in water operations all are solutions that build resiliency in water systems. It is now a question of commitment, investment and action by both the public and private sectors. We must act today to deploy solutions that bring swift relief to these crisis conditions while we continue to develop and implement sustainable, long-term solutions that will help to secure our water future and fuel the California economy for generations to come.”

About Xylem

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Xylem is headquartered in Rye Brook, New York with 2014 revenues of $3.9 billion and approximately 12,500 employees worldwide. Xylem was named to the Dow Jones Sustainability Index for the last three years for advancing sustainable business practices and solutions worldwide.

The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all -- that which occurs in nature. For more information, please visit us at www.xylem.com.

Source: Xylem Inc.

Xylem Inc.
Kelly McAndrew, +1 (914) 323-5969
Cell: +1 (914) 281-4207
Kelly.McAndrew@xyleminc.com