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Xylem Inc. Wins Contract For Advanced Oxidation Process (AOP) Technology To Treat Drinking Water In South Korea

Stocks in this article: XYL

Xylem Inc. (NYSE: XYL), a leading global water technology company focused on addressing the world’s most challenging water issues, today announced that it has won a significant contract to treat municipal drinking water for a new high-tech industrial zone in South Korea. The contract will involve using ultraviolet (UV) advanced oxidation process (AOP) technology for the first time in a municipal drinking water system in the country.

The water treatment facility will treat more than 26 million gallons per day, and will be the first step in the development of the new $3 billion Sihwa Multi-Tech Valley project, a government-backed regional industrial development initiative being implemented by the K-Water municipality. The new hub for the enterprise is due to be completed by 2016, and aims to attract high-tech industries across the IT, chemicals and R&D sectors.

“This award demonstrates Xylem’s dedication to innovation, advanced technology and our focus on helping our customers solve global water challenges by investing in the right solutions,” said Gretchen McClain, president and CEO of Xylem.

“This is a very prestigious contract to win and a very exciting initiative. We look forward to working with K-Water and bringing the benefits of our extensive experience and advanced water treatment solutions to this project in Korea,” said Kwang-Yeul Chung, managing director of Xylem in Korea.

Xylem’s WEDECO® UV K-reactors and WEDECO Advanced Oxidation Process technology will be used in the existing plant, Siheung wastewater treatment plant, which will become the first UV AOP application for a municipal drinking water system in South Korea. Xylem’s solution incorporates oxidation and UV disinfection to remove micro-pollutants, resulting in high-quality drinking water.

About WEDECO

With the experience of more than 250,000 systems installed worldwide and technical expertise in the field of ultraviolet and ozone technology since 1975, WEDECO is one of the most progressive brands in the area of water purification. Interdisciplinary research groups made up of engineers, biologists, doctors and physicists work to continuously develop and optimize the WEDECO systems. As a result, around the world, WEDECO water treatment systems are playing a critical role in ensuring the availability of water that is safe for humans and the environment. For more information about WEDECO products, visit www.wedeco.com.

About Xylem

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Launched in 2011 from the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in White Plains, N.Y., with 2011 revenues of $3.8 billion and 12,500 employees worldwide. In 2012, Xylem was named to the Dow Jones Sustainability World Index for advancing sustainable business practices and solutions worldwide.

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