Amiad Water Systems Ltd New five-year agreement with Netafim (0337Q)
June 16 2020 - 2:00AM
UK Regulatory
TIDMAFS
RNS Number : 0337Q
Amiad Water Systems Ltd
16 June 2020
16 June 2020
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Amiad signs new five-year distribution agreement with
Netafim
One of the world's largest providers of irrigation systems to
globally distribute Amiad's solutions
Amiad (AIM: AFS), a leading global producer of water treatment
and filtration solutions, announces that it has signed a new
five-year global distribution agreement with Netafim, the global
leader in precision irrigation solutions, for the Company's disc
filtration products for the irrigation market. This new agreement
extends the existing long-term strategic relationship between the
two companies.
Netafim is a leading manufacturer and distributer of precision
irrigation solutions and the world's largest irrigation company.
Under the terms of the new agreement, which commences 1 January
2021 (following the expiry of the current agreement at the end of
this year), Netafim will have exclusive distribution rights to
Amiad's well known disc filtration products in the irrigation
market globally and to Amiad's screen filtration products in the
Netherlands, subject to continuing to meet certain sales
thresholds.
This agreement provides Amiad with continued access to Netafim's
extensive distribution network, covering over 110 countries, which
represents an important contributor to the Company's sales in the
irrigation market.
Dori Ivzori, Chief Executive Officer of Amiad, said: "We have
been working with Netafim for many years and we are delighted to be
extending our collaboration and mutual commitment. Netafim's
leading position within the market and extensive global network
make them an excellent partner and channel for the marketing of our
existing products as well as for the launch of new products.
Netafim is a strategic partner for Amiad and we look forward to
continuing to be a part of enhancing their offering to their
customers for improved irrigation system performance."
Gaby Miodownik, Netafim's Chief Executive Officer, added: "We
have always strived to provide farmers with the best technology and
solutions to irrigate their crops efficiently. The renewal of the
agreement with Amiad is a vote of confidence in their disc
filtration technology and the value it can bring to our
customers."
Enquiries
Amiad Water Systems Ltd.
Dori Ivzori, Chief Executive
Officer
Avishay Afriat, Chief Financial
Officer +972 4 690 9500
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Stifel Nicolaus Europe Ltd.
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Stewart Wallace, Ben Maddison +44 20 7710 7600
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Luther Pendragon
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Harry Chathli, Claire Norbury +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
irrigation and industrial purposes. In these markets, its unique
and high-quality 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 ten subsidiaries and a
comprehensive network of distributors to customers in more than 80
countries.
FIMI Opportunity Funds, the leading private equity investor in
Israel, is a controlling shareholder of Amiad, with an interest in
39.6% of the Company's outstanding issued share capital.
For additional information or product details, please visit
www.amiad.com .
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END
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