TIDMWTL
RNS Number : 3100F
Waterlogic PLC
22 May 2013
Date: 22 May 2013
On behalf Waterlogic Plc ("Waterlogic", the "Group" or
of: the "Company")
For immediate release
Waterlogic Plc
Signing of Japanese distribution agreement
-- Five-year agreement with well-respected trading company for
distribution of B2C products in Japan
-- B2C Update: Indesit commences distribution of Waterlogic B2C
range in Russia and Turkey; Italian pre-launch underway
Waterlogic Plc (AIM: WTL.L), a leading designer, manufacturer
and global distributor of point-of-use ("POU") drinking water
purification and dispensing systems, is pleased to announce that it
has signed an agreement with a well-respected trading company for
the distribution of the Company's B2C products in Japan.
The five-year agreement grants Waterlogic exclusivity for the
supply of drinking water purification devices to the Japanese
partner, which will in turn become the sole distributor of
Waterlogic B2C products to the Japanese market. The agreement has
volume commitments in place for the first year and includes certain
performance clauses. The volume commitments for the following years
of the agreement will be negotiated in line with the Company's
expectations.
The B2C range of products is expected to be launched in Japan in
late 2013. The products will carry the "Waterlogic" and
"Firewall(TM)" branding for direct distribution, and "OEM brand"
and "Firewall(TM)" for OEM. The Japanese partner will be
distributing to the market through kitchen manufacturers and
wholesalers, mail order catalogues and through healthcare
organisations to the medical industry.
In addition and further to the Company's announcement in October
2012, Waterlogic is pleased to announce that Indesit has launched
Waterlogic's B2C range in Russia and Turkey and is pre-launching in
Italy.
Jeremy Ben-David, Waterlogic Group CEO, commented:
"We are very pleased to be able to announce this deal, which
will enable us to extend the reach of our B2C products further into
East Asia and add to the strong presence we already have in Europe,
parts of Asia, India and the Middle East. The Japanese residential
water treatment market is the largest in the world, valued at more
than $2 billion, and has the potential to greatly enhance the
Company's offering. This agreement is another milestone for the
Group's B2C division and we look forward to updating the market
with further news on its development in due course."
Enquiries:
Waterlogic Plc Via Redleaf Polhill
Jeremy Ben-David, Group Chief Executive
Officer
Liberum Capital (Nominated Adviser Tel: +44 (0)20 3100
and Broker) 2000
Steve Pearce
Richard Bootle
Redleaf Polhill Tel: +44 (0)207 382
Rebecca Sanders Hewett / Emma Kane 4730
/ David Ison waterlogic@redleafpr.com
Website: www.waterlogic.com
Notes to editors:
Waterlogic Plc
Waterlogic Plc (AIM: WTL.L) is a leading designer, manufacturer,
distributor and operator 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(TM) 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(TM) 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(TM) 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 2012, the Group
generated revenues and adjusted EBITDA (adjusted for share based
incentives expense, capital reorganisation related costs and
acquisition related costs) of USD 101.0 million and USD 14.7
million, respectively, and had approximately 640,000 machines
installed as at 31 December 2012.
As part of Waterlogic's on-going commitment to providing safe
water, the Group has pledged to donate USD 225,000 over the three
years from 2012 to 2014 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.com
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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