WTL Waterlogic

TIDMWTL

RNS Number : 6498N

Waterlogic PLC

06 September 2011

6 September 2011

Waterlogic Plc

("Waterlogic" or the "Company")

Signs seven year OEM supply agreement with leading consumer products company

Waterlogic Plc (AIM: WTL.L), a leading manufacturer and global distributor of point-of-use ("POU") drinking water purification and dispensing systems, is pleased to announce today that it has signed a seven year OEM supply agreement with a leading consumer products company. The exclusive agreement is for the supply and distribution of POU water dispenser systems incorporating Waterlogic's innovative Firewall ultra-violet ("UV") technology for sale in its local markets.

This is Waterlogic's first major supply and distribution agreement for products incorporating its Firewall UV technology into the residential market. This is being undertaken with a key player that imports, markets, sells and distributes local and well-recognised internationalbrands.

The agreement includes a minimum volume target for the first three years of 45,000 POU drinking water purification and dispensing systems. All relevant units will display the Firewall branding and the first products are expected to be delivered in Q2 2012.

Jeremy Ben-David, Waterlogic, Group CEO, commented:

"We are very excited to have signed this OEM supply contract which is Waterlogic's first major agreement for the mass consumer market and will accelerate the commercialisation of our innovative Firewall UV technology. Supplying point-of-use water dispensers incorporating the most effective water purification technology currently on the market will ensure our partner has a unique advantage.

Waterlogic looks forward to working closely with such a major and trusted player in the home appliances market and to exploiting the significant opportunities that Firewall is opening up."

Enquiries:

 
 Waterlogic Plc                      Tel: +44 (0)20 7074 1800 
 Jeremy Ben-David, Group Chief       Email: waterlogic@kreabgavinanderson.com 
  Executive Officer 
 Steve Harrison, Group Chief 
  Financial Officer 
 
 Liberum Capital (Nominated          Tel: +44 (0)20 3100 2000 
  Adviser and Broker) 
 Steve Pearce 
  Richard Bootle 
 
 Kreab Gavin Anderson (PR Adviser)   Tel: +44 (0)20 7074 1800 
 James Benjamin                      Email: waterlogic@kreabgavinanderson.com 
  Natalie Biasin 
  Madeleine Palmstierna 
 

Website: www.waterlogic.com

Notes to editors:

Further information on Waterlogic Plc:

Waterlogic Plc (AIM: WTL.L) is a leading manufacturer and global 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 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 48 countries across five continents.

Waterlogic products are currently being sold in North and South America, Europe, Asia, Australia and South Africa. Waterlogic's leading markets are Western Europe in particular, Norway, Denmark, Germany, France, UK and the US. Of the 1.5 million new installations in the business-to-business market between 2005-2010, approximately 73% incorporated POU technology of which Waterlogic had a 26% market share.

The Directors believe that the movement away from bottled water coolers to POU water dispensers is set to continue its current trend as a result of cost, convenience, health benefits and environmental considerations.

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 is the only technology certified 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.

For the financial year ended 31 December 2010, the Group generated revenues and adjusted EBITDA of US$68.3 million and US$11.4 million, respectively, and had approximately 500,000 machines installed as at 31 December 2010.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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