Amiad wins $2.85m project in Korean steel industry (2168U)

TIDMAFS

RNS Number : 2168U

Amiad Water Systems Ltd

19 December 2011

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Amiad awarded $2.85m project in Korean steel industry

Amiad, a leading global producer of water treatment and filtration solutions, announces that it has entered into an agreement for the next stage of a water filtration project with one of South Korea's largest steel factories. This new agreement is worth $2.85m, and is expected to be implemented in 2012. This agreement follows the successful completion of the initial two phases of the project, valued at approximately $3m, that were carried out between 2007 and 2011.

As part of the project, Amiad will install its innovative, microfibre filtration system in order to treat wastewater and protect the factory's reverse osmosis membranes. Reverse osmosis involves water being filtered by passing through membranes under high pressure. Traditional methods use a large amount of chemicals and energy to pre-treat the water to remove dirt and other impurities, which are harmful to the reverse osmosis membranes. Amiad's microfibre filtration process, however, is chemical- and polymer-free, and designed to provide continuous performance even under difficult water and weather conditions.

Arik Dayan, CEO of Amiad Water Systems, said: "We are pleased to be continuing to provide innovative solutions to the Korean industrial sector, something we have been doing since 1993, and to be strengthening our position in the provision of reverse osmosis membrane protection - one of our key growth areas. We were chosen because our solution is economical and our filtration systems do not use chemicals, which removes the risk of them being discharged back into the environment. We look forward to working closely with our customer to provide an end-to-end solution from initial comprehensive consultation to successfully implementing this project."

The solution to be integrated within this stage of the project is a unique filtering technology using microfibres, which enables Amiad to offer finer filtration that meets the standards set by membrane manufacturers; the standard for drinking water, such as the British DWI; and standards for tertiary treatment of wastewater. The technologies provided by Amiad Water Systems offer a clean filtration solution for all water sources, while ensuring savings in energy and space, and a limited use of rinse water and need for maintenance.

Enquiries:

 
 Amiad Water Systems Ltd. 
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 Arik Dayan, Chief Executive 
  Officer                         +972 4 690 9500 
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 Nomura Code Securities Ltd. 
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 Giles Balleny                    +44 20 7776 1200 
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 Luther Pendragon 
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 Harry Chathli, Claire Norbury    +44 20 7618 9100 
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This information is provided by RNS

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