Waterlogic Plc Signs supply agreement valid until end of 2015 with Indesit Company
October 15, 2012
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.”
Directly released from Waterlogic Plc