WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Oct. 21, 2013--
Xylem Inc. (NYSE:XYL), a leading global water technology company focused
on addressing the world’s most challenging water issues, announced today
that it has signed a cooperation agreement with WaTech®, the
technological development center of Mekorot, Israel’s national water
company, to evaluate new water technologies and accelerate
commercialization of innovative products and services. Under the
agreement, the organizations will jointly assess emerging technologies
related to water quality and security, optimization of water supply and
sustainable water and wastewater treatment and reuse.
“We are proud to be partners with Mekorot WaTech on this meaningful
initiative,” said Steve Loranger, CEO and president of Xylem.
“Innovative and pioneering product development is at the very heart of
what Xylem does. As global leaders in water, our mission is to play a
leading role in solving the multifaceted issues we all face in securing
a safe and sustainable water supply.”
“We are delighted by this partnership agreement with Xylem,” said Simon
Ben-Hamo, CEO of Mekorot. "We are dedicated to seeking and developing
new technologies as a central part of Mekorot. Our partnership with
Xylem marks a new era in our mutual advancement in developing global
state-of-the-art water sector products.”
In addition to facilitating the joint evaluation of new technologies by
the two companies, the cooperation agreement will enable Xylem to test
new products at Mekorot facilities as a way to demonstrate product
viability, providing the opportunity to accelerate development.
About Mekorot
Mekorot is one of the world’s most technologically advanced water
companies. More than seventy-five years of innovation in the face of
Israel’s significant environmental and security challenges have made
Mekorot a world leader in desalination, water reclamation, water project
engineering, water safety and water quality. Through continual research,
experimentation and field innovation, Mekorot provides a steady flow of
clean water to a rapidly growing population despite the region’s limited
freshwater resources, arid climate and geopolitical challenges. WaTech
is the Entrepreneurship & Partnership Center for Water Technologies
within Mekorot and works to support new innovative water technology
solutions. For more information, please visit www.Mekorot.co.il.
About Xylem
Xylem (NYSE: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 White Plains, N.Y., with 2012 annual
revenues of $3.8 billion and approximately 12,900 employees worldwide.
Xylem has been named to the Dow Jones Sustainability World Index for the
last two 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.xyleminc.com
Source: Xylem Inc.
Xylem Inc.
Jennifer Jacob, +1-914-323-5745
Jennifer.Jacob@xyleminc.com