TIDMAFS

RNS Number : 2037Y

Amiad Water Systems Ltd

07 September 2015

7 September 2015

Amiad Water Systems Ltd.

("Amiad" or "the Company")

Amiad establishes subsidiary in UK

New Amiad office to support increasing demand for clean water solutions in UK and Europe

Amiad Water Systems Ltd. (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that it has established a wholly-owned subsidiary in the UK that will operate from Swansea, Wales, with the office due to open later this month. This will be the Company's first permanent base in the UK. Previously, Amiad's products and solutions were sold through its distributor based in Swansea. The new subsidiary, Amiad Water Systems UK Ltd, will report to Amiad Europe, a wholly-owned subsidiary of the Company, and provide marketing and technical support functions. The Company expects to create five to 10 new jobs within the first year.

Swansea, as the home of Welsh Water, offers Amiad a perfect platform to build its municipal business as well as provide the water engineering talent needed for its development. With renowned water technology companies and large industry based in the region, Amiad believes that the new office in Swansea will enable the Company to increase its efforts in the UK as well as provide technical support for customers.

The new subsidiary will expand Amiad's presence to 11 sites globally, along with a comprehensive network of over 170 distributors, to serve customers in more than 80 countries.

Over the past two decades, Amiad has supplied innovative solutions throughout the UK, such as to the Eden Project in Cornwall, the energy-saving zero-carbon Kingston Heights Project in South London and to provide effective Cryptosporidium protection in multiple water treatment plants.

Arik Dayan, Chief Executive Officer of Amiad, said: "We are pleased to be establishing a UK subsidiary based in Wales, and particularly Swansea, which is the home of Welsh Water, with its reputation for providing high quality drinking water and delivering best quality service at the least possible cost. With a permanent presence in the UK, we will be in a better position to leverage the increasing demand for clean water solutions in the region. We have been supplying products and solutions to this market for many years, and have been listed on the London Stock Exchange since 2005, and so this feels like a natural fit for Amiad."

Enquiries:

 
 Amiad Water Systems Ltd. 
--------------------------------  ----------------- 
 Arik Dayan, Chief Executive 
  Officer 
  Irit Ben-Dov, Chief Financial 
  Officer                          +972 4 690 9500 
--------------------------------  ----------------- 
 
 Stifel Nicolaus Europe 
  Ltd. 
--------------------------------  ----------------- 
 Giles Balleny                     +44 20 7710 7600 
--------------------------------  ----------------- 
 
 Luther Pendragon Ltd. 
--------------------------------  ----------------- 
 Harry Chathli, Claire 
  Norbury, Oliver Hibberd          +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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSMFAMFISEIU

(END) Dow Jones Newswires

September 07, 2015 02:00 ET (06:00 GMT)

Amiad Water Systems (LSE:AFS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Amiad Water Systems Charts.
Amiad Water Systems (LSE:AFS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Amiad Water Systems Charts.