Amiad Water Systems Ltd Amiad awarded $1.1 million Angolan project (4910A)

TIDMAFS

RNS Number : 4910A

Amiad Water Systems Ltd

20 February 2014

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Amiad expands in Africa with drinking waterproject in Angola

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, is pleased to announce that it has been awarded a contract, worth approximately $1.1 million, by Mitrelli Group ("Mitrelli"), a global organisation focused on the design, implementation and execution of large-scale turnkey projects, for the supply and installation of water filtration systems for the provision of drinking water in the Angolan province of Moxico as part of Mitrelli's 'Water for All' project.

Under the terms of agreement, Amiad will install and commission 50 filtration systems in 2014 that will be at the core of the water treatment and filtration solution to pump water from the local river to supply clean water to the villages in Moxico and Kuanza Sul. The project is aimed at reducing water-borne diseases among the local population and enable water to be accessed at various points within the village rather than being collected, and physically carried, from a distant water source. The system, which will be solar-powered and will utilize minimal use of chemicals, is designed to require minimal ongoing maintenance thereby overcoming the lack of local infrastructure.

Arik Dayan, CEO of Amiad Water Systems, said: "Access to clean drinking water is fundamental to the wellbeing of the Angolan population and we're delighted to have been selected to take part in this important project and make this a reality. This contract builds on our previous work in Angola, and elsewhere in the continent, and furthers our strategy of expanding in growth territories such as Africa. We would like to thank Mitrelli for choosing Amiad and we look forward to working with them."

Enquiries

 
 Amiad Water Systems Ltd. 
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 Arik Dayan, Chief Executive Officer 
  Amir Harel, Chief Financial Officer    +972 4 690 9500 
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 Oriel Securities Ltd 
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 Juliet Thompson, Giles Balleny          +44 20 7710 7600 
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 Luther Pendragon 
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 Harry Chathli, Claire Norbury, 
  Oli Hibberd                            +44 20 7618 9100 
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About Amiad

Amiad Water Systems (AIM: AFS) is a leading global producer of automatic, self-cleaning water treatment and filtration products and systems. Through its engineering skills and ability to innovate, Amiad provides cost-effective "green" solutions for the industrial, municipal, irrigation, oil & gas and ballast water markets. In these segments its patented products are being integrated into the core of systems for filtration and water treatment, micro irrigation and membrane protection, wastewater and potable water treatment, cooling systems and sea water filtration.

Headquartered in Israel, Amiad provides these solutions through nine subsidiaries and a comprehensive network of over 170 distributors to customers in more than 80 countries.

For additional information or product details, please visit www.amiad.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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