AGM Statement

26 Jun 2007 07:02

Amiad Filtration Systems Ltd26 June 2007 26 June 2007 Amiad Filtration Systems Ltd. AGM statement Amiad Filtration Systems Ltd. ("Amiad" or "the Company"), a producer and supplier of water filters and filtration systems for the industrial, municipal and the irrigation markets, will today provide the following trading statement at its annual general meeting: "Global investment in water filtration and treatment systems continues toincrease, driven by tightening environmental and public health standards as wellas rising demand for clean water, a scarce resource. The strong finish to 2006 has continued into the first half of this year leadingto stronger trading in substantially all parts of the business compared with thecorresponding period last year. Order levels at the industrial & municipal segment have been good across allmajor territories. The Company's thread filters are seeing increased interestand it also continues to make steady progress in desalination field andfiltration of seawater for industrial use. In May, the Company supplied itsautomatic filters to one of Scandinavia's largest Oil & Gas companies formounted filtration solution to be used for oil drilling rig in the North Sea. Itwas also asked to supply a desalination system to convert sea water to potablewater for Davis Research station in Antarctica. Additionally, trading conditionsin the agricultural side have improved considerably after experiencing adownturn last year. As a result, revenues are expected to be around 15 per cent.higher for the first half of 2007 compared with the equivalent period last year. Looking ahead, the Company is expecting to enter the second half with an orderbacklog much higher than last year and also better than management expectationsat the time of the full year results announcement on 26 March 2007, which givesthe Company the confidence of achieving double digit growth in the second halfcompared with the equivalent period last year. With global investment in the world's clean water infrastructure set to riseover the long term, Amiad plans to increase its involvement in deliveringcomplete turnkey water treatment systems and the Company's board looks forwardto the future with confidence.". Enquiries: Amiad Filtration Systems Ltd.Avi Heifetz, Chairman +972 4 690 9500Itamar Eder, Chief Financial Officer Corfin CommunicationsHarry Chathli, Neil Thapar + 44 20 7929 8989 This information is provided by RNS The company news service from the London Stock Exchange