Xylem Inc. (NYSE:XYL), a leading global water technology company focused on addressing the world's most challenging water issues, announced today that it has won an equipment and service contract worth S$8.2 million (U.S.$6.5 million) with the Singapore Land Transport Authority.
Xylem will supply a wide range of water handling equipment, including Flygt® submersible drainage pumps, Lowara eSV® booster pump sets, WEDECO Spektron® UV disinfection units, and associated level regulators and control panels for the entire pumping systems for stages 2 and 3 of the Downtown Line Mass Rapid Transit project. The train line, which is scheduled for completion in 2017, will be 42 kilometers long with 34 stations, and will be the longest underground driverless transit line in Singapore.
“Singapore has one of the best integrated transportation systems in the world. We are very proud to be part of this latest infrastructure expansion where our products are being utilized in both the construction and operational phase,” said Allan Hendry, Vice President and Regional Director for Xylem Greater Asia.
Xylem’s long-standing partnership with the Singapore Land Transport Authority started in 1984. To date, more than 1,000 Flygt submersible pumps, Lowara pump sets, and WEDECO UV systems are working for the country’s transportation infrastructure, including transit lines, train stations, tunnels, and expressways.About Xylem Xylem (NYSE: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. Xylem is headquartered in White Plains, N.Y., with 2012 annual revenues of $3.8 billion and approximately 12,900 employees worldwide. Xylem has been named to the Dow Jones Sustainability World Index for the last two years for advancing sustainable business practices and solutions worldwide.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV