6 Mar 2013 07:51
6 March 2013
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Amiad wins $7.7 million contract in Colombia
Reverse osmosis pre-filtration membrane protection for desalination project in oil & gas industry
Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, is pleased to announce that it has been awarded a $7.7m contract by Nirosoft Industries Ltd. ("Nirosoft") for the supply and maintenance of a pre-filtration solution providing protection for their reverse osmosis ("RO") membranes. The Company's screen and microfiber filtration technology will be installed at a desalination plant that is part of the oil & gas operations of Pacific Rubiales Energy Corp., one of the largest independent oil & gas exploration and production companies in Colombia. The contract consists of $5.0m for the supply and commissioning of Amiad's solution, which will occur in 2013, and $2.7m for maintenance for a period of 10 years.
Amiad's pre-filtration solution will protect the RO membranes of Nirosoft's purification system which treats the water produced during petroleum extraction. Amiad's technology was selected to extend the life of the RO membranes as well as reduce operating costs. The Company's solution, as part of the Nirosoft system, will enable the desalinated water to meet environmental discharge requirements and make it fit for agricultural use.
Commenting on the award, Avi Bonibay, CEO of Nirosoft, said: "Nirosoft is pleased to be working with Amiad on this significant project. When choosing a supplier, we have to ensure that the equipment selected would meet stringent international standards and deliver the required performance. Our long-term experience with Amiad assures us that their filtration equipment will offer consistent performance and reliability throughout the life of the project."
Arik Dayan, CEO of Amiad, added: "We're delighted to have won this project, which corresponds with our strategy of increasing our presence in Latin America as well as in the oil & gas industry, both of which we have identified as key growth markets. In addition, it highlights the importance of Amiad's solutions within the filtration process - forming part of our goal to be at the core of any water system throughout the world. We're proud that Nirosoft have chosen to award this contract to Amiad, which demonstrates the strength of our offering, and we look forward to working with them and continuing to build our relationship."
Enquiries
Amiad Water Systems Ltd. | |
Arik Dayan, Chief Executive Officer Amir Harel, Chief Financial Officer | +972 4 690 9500 |
Nomura Code Securities Ltd. | |
Clare Terlouw, Giles Balleny | +44 20 7776 1200 |
Luther Pendragon | |
Harry Chathli, Claire Norbury | +44 20 7618 9100 |
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
About Nirosoft
Nirosoft creates cost-effective, custom solutions for challenging water and wastewater treatment projects anywhere in the world. With its focus on meeting the unique requirements and site-specific conditions of industrial, municipal, non-government and military customers, Nirosoft uses advanced technologies to solve water-related problems quickly. Nirosoft provides a range of solutions, including desalination, demineralization, effluent reclamation, mobile water purification and industrial wastewater treatment systems to all types of environments - from densely populated areas to remote communities as well as complex industrial applications. Founded in Israel, Nirosoft has operations throughout Africa, Asia, Australia, Europe and South America, and is part of the RWL Water Group portfolio.