THE WOODLANDS, Texas,
Feb. 4, 2016 /PRNewswire/ -- Layne
Christensen Company (NASDAQ: LAYN) ("Layne") and Sumitomo Electric
Industries, Ltd. ("Sumitomo") today announced that they have
recently expanded their existing supply agreement. Under the
original three-year supply agreement, Sumitomo had agreed to sell
to Layne submerged membrane modules made from
polytetrafluoroethylene ("PTFE"), commonly known as
POREFLONTM*. PTFE membranes have been used in over 200
installations worldwide, and provide the new standard for membrane
performance.
The amended agreement expands Layne's sale of
POREFLONTM modules, with new exclusive rights to market
the cassettes in the growing U.S. municipal wastewater treatment
market with the active support of Sumitomo. The expanded
agreement continues to provide Layne exclusive rights to sell the
POREFLONTM modules to its active customer list in the
industrial water treatment market.
Michael J. Caliel, Layne's
President and CEO, commented, "This expanded agreement opens a new
market for us and strengthens our competitive position with both an
original equipment and replacement technology in the municipal
wastewater treatment market. We continue to be very pleased with
our Sumitomo relationship and this is the perfect time to enhance
our relationship as municipal and industrial clients look for
alternate water supplies increasing the demand for ultrafiltration
membranes. In addition, this arrangement furthers Layne's strategic
focus on its core water-related platforms."
*PoreflonTM is a trademark of Sumitomo
Electric Industries, Ltd
About Layne PTFE Membrane Cassettes
The PTFE membrane cassettes enhance municipal and industrial
membrane bioreactor ("MBR") wastewater treatment by clarifying
wastewater from within the biological treatment system, eliminating
downstream clarifiers. In addition, the PTFE membrane cassette
system provides the following advantages: 1. Allows for easy
retrofits, as the new cassette is designed to fit most existing MBR
rack-type systems. This allows the user to easily upgrade to the
more durable PTFE membranes. 2. Provides lower operating costs due
to the superior surface properties of the PTFE membranes. 3.
Delivers six times the tensile strength of polyvinylidene
difluoride ("PVDF"), which reduces leaks and failures that are
often associated with competing membranes. 4. Supports the highest
operating temperature of any available membrane, operating in
environments up to 122°F. 5. Provides strong resistance to
chemicals with a pH tolerance of 0-14. PTFE can be used in harsh
applications and will outperform and outlast competing membranes,
especially in harsh environments. 6. Requires no surface
pre-treatment before putting them into service. They can be stored
dry, unlike PVDF elements, which have to be kept wet after they are
put in service, which provides for a much easier and cost effective
installation.
Layne Christensen Company
Layne is a global water management, construction and drilling
company, providing responsible solutions to the world of essential
natural resources — water, minerals and energy. We offer
innovative, sustainable products and services with an enduring
commitment to safety, excellence, and integrity.
Contacts
J. Michael Anderson
Chief Financial Officer
281-475-2694
michael.anderson@layne.com
Dennard Lascar Associates
Jack Lascar
713-529-6600
jlascar@dennardlascar.com
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SOURCE Layne Christensen Company