Waterlogic PLC (WTL) - Signed supply agreement with Indesit Company RNS Number : 1080O Waterlogic PLC 08 October 2012 8 October 2012 Waterlogic Plc ("Waterlogic" or the "Company") Signs supply agreement valid until end of 2015 with Indesit Company, one of Europe's leading manufacturers and distributors of major domestic appliances Waterlogic Plc (AIM: WTL.L), a leading designer, manufacturer and global distributor of point-of-use ("POU") drinking water purification and dispensing systems, is today pleased to announce that it has signed a supply agreement valid until the end of 2015, with Indesit Company S.p.A. ("Indesit Company"), one of Europe's leading manufacturers and distributors of major domestic appliances. The exclusive agreement is for the supply and distribution of advanced water purification devices designed for the kitchen incorporating Waterlogic's innovative Firewall™ ultra-violet ("UV") technology. Furthermore, the two companies will continue to investigate other opportunities in the B2C market. The agreement covers 50 countries including all of Europe and parts of Asia. The first commercial orders have already been received. This represents for Waterlogic another major supply and distribution agreement for products incorporating the Firewall™ UV technology for the residential market. It is being undertaken with a key European player that manufactures and distributes its own internationally well-recognised brands (its main brands are Hotpoint, Indesit and Scholtès) through major retail outlets. All relevant units will display the Firewall™ branding as well as Indesit Company's product branding. The first products are expected to be launched in Q1 2013. Jeremy Ben-David, Waterlogic, Group CEO, commented: "We are very excited to have signed this major supply contract with Indesit Company who is a leading player in the European domestic appliance market. This will help to accelerate significantly the commercialisation of our innovative Firewall UV technology and further emphasises the quality of Waterlogic's products and business as we strengthen our position in the consumer market. Supplying water dispensers incorporating the most effective water purification technology currently on the market will ensure Indesit Company has a unique advantage. This is a fantastic opportunity for Waterlogic to exploit further the significant opportunities that Firewall is opening up in Europe and beyond in the B2C market." Enquiries: Waterlogic Plc Tel: +44 (0)20 7074 1800 Jeremy Ben-David, Group Chief Email: email@example.com Executive Officer Liberum Capital (Nominated Adviser Tel: +44 (0)20 3100 2000 and Broker) Steve Pearce Richard Bootle Kreab Gavin Anderson (PR Adviser) Tel: +44 (0)20 7074 1800 James Benjamin Email: firstname.lastname@example.org Madeleine Palmstierna Websites: www.waterlogic.com www.indesitcompany.com/inst/en/vision/vision.jsp Notes to editors Indesit Company S.p.A.is one of Europe's leading manufacturers and distributors of major domestic appliances (washing machines, dryers, dishwashers, fridges, freezers, cookers, hoods, ovens and hobs). It is the undisputed leader in major markets such as Italy, the UK, Ukraine and Russia. Founded in 1975 and listed on the Milan stock exchange since 1987, the Group posted sales of €2.8 billion in 2011. Indesit Company has 14 production facilities (in Italy, Poland, the UK, Russia and Turkey) and 16,000 employees. The Group's main brands are Indesit, Hotpoint and Scholtès. Waterlogic Plc (AIM: WTL.L) is a leading designer, manufacturer and distributor of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Waterlogic is a Jersey registered company. Waterlogic's products and services are built on the simple vision of a three stage approach to purity: 1 Filtration to remove unwanted contaminants, chlorine and other water-borne tastes and odours. 2 Waterlogic's Firewall™ ultra-violet (UV) technology is one of the most effective water purification technologies for POU water dispenser applications currently on the market and its dispensers are certified by the Water Quality Association as being able to guarantee 99.9999% pure water 100% of the time, a fact which has been confirmed by over 5,000 physical tests in independent laboratories. The innovative Firewall™ technology incorporates a highly-specialised, compact UV system in the faucet/tap, which ensures that water passes through the UV system immediately before it is dispensed into a cup. This point of differentiation for Firewall™ is unique in the POU market. 3 BioCote silver antimicrobial protection. Plastic surfaces surrounding dispensing areas of Waterlogic units are infused with a silver additive called BioCote, a natural anti-microbial that inhibits the growth of microorganisms, giving yet another layer of hygienic defence. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to Europe and has been a leader in the POU market in terms of product design and quality, the application of new technologies and in sales and service. Waterlogic has an extensive and expanding independent global distribution network in place, reaching 52 countries around the world. Waterlogic products are currently being sold in North and South America, Europe, Asia, Australia and South Africa. Waterlogic's leading markets are the USA and Western Europe, in particular Germany, France, Scandinavia and the UK. Of the 1.9 million new POU and bottled water installations in the business-to-business market in the USA and Europe between 2005 and 2011, approximately 73% incorporated POU technology. The Directors believe that the movement away from bottled water coolers (BWC) to POU water dispensers is set to continue its current trend as a result of cost, convenience, health benefits and environmental considerations. For the financial year ended 31 December 2011, the Group generated revenues and adjusted EBITDA (adjusted for share based incentives expense, capital reorganisation related costs and acquisition related costs) of USD 84.9 million and USD 13.4 million, respectively, and had approximately 595,000 machines installed as at 30 June 2012. As part of Waterlogic's on-going commitment to providing safe water, the Group has pledged to donate USD 225,000 over the next three years to WaterAid. WaterAid is a renowned international non-profit organisation that transforms lives by improving access to safe water, hygiene and sanitation in the world's poorest countries. Since 1981 WaterAid has reached 15.9 million people globally with safe water. Website: www.wateraidamerica.org/ This information is provided by RNS The company news service from the London Stock Exchange END AGRUGGCGUUPPGBM -0- Oct/08/2012 06:00 GMT
Waterlogic PLC WTL Signed supply agreement with Indesit Company
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