RE RNS26 Jun 2018 13:58
Commenting, Dr Patrick DeSouza, Executive Chairman of Water Intelligence, stated:
"The Joint Development Agreement provides the Water Intelligence brand with a leading-edge product to sell and a manufacturing capability for more technology products to supplement our service offerings. We are excited by the opportunities to fuel further growth with Reece Innovation Centre. This transaction delivers against one of the three operating priorities for 2018-2019 identified in our recently released Annual Report. As noted in the Chairman's Statement from that Report, 'since our business solutions DNA always has been focused on the use of technology, especially acoustic and infrared, we will continue to enhance our technology profile through new product partnerships and investments in cutting-edge solutions for our customers.'"
Commenting, Alistair Kitching, Operations Manager of Reece Innovation, stated:
"Reece Innovation is delighted to be partnering with Water Intelligence, a forward thinking and rapidly growing international company which shares our ambition to develop novel, leading edge technologies to tackle real-world problems. Reece Innovation work in partnership with industry leading stakeholders to develop engineering solutions across a wide range of highly diverse sectors, and Water Intelligence's specialist water sector knowledge, combined with Reece Innovation's world class research and development, production and manufacturing facilities, make this a particularly valuable alliance for both parties. We very much look forward to working closely with Water Intelligence in order that both parties achieve their objectives and meet their ambitious growth targets."
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