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TheStreet Open House

Xylem And Mekorot's WaTech Finalize Cooperation Agreement

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 signed a cooperation agreement with WaTech ®, the technological development center of Mekorot, Israel’s national water company, to evaluate new water technologies and accelerate commercialization of innovative products and services. Under the agreement, the organizations will jointly assess emerging technologies related to water quality and security, optimization of water supply and sustainable water and wastewater treatment and reuse.

“We are proud to be partners with Mekorot WaTech on this meaningful initiative,” said Steve Loranger, CEO and president of Xylem. “Innovative and pioneering product development is at the very heart of what Xylem does. As global leaders in water, our mission is to play a leading role in solving the multifaceted issues we all face in securing a safe and sustainable water supply.”

“We are delighted by this partnership agreement with Xylem,” said Simon Ben-Hamo, CEO of Mekorot. "We are dedicated to seeking and developing new technologies as a central part of Mekorot. Our partnership with Xylem marks a new era in our mutual advancement in developing global state-of-the-art water sector products.”

In addition to facilitating the joint evaluation of new technologies by the two companies, the cooperation agreement will enable Xylem to test new products at Mekorot facilities as a way to demonstrate product viability, providing the opportunity to accelerate development.

About Mekorot

Mekorot is one of the world’s most technologically advanced water companies. More than seventy-five years of innovation in the face of Israel’s significant environmental and security challenges have made Mekorot a world leader in desalination, water reclamation, water project engineering, water safety and water quality. Through continual research, experimentation and field innovation, Mekorot provides a steady flow of clean water to a rapidly growing population despite the region’s limited freshwater resources, arid climate and geopolitical challenges. WaTech is the Entrepreneurship & Partnership Center for Water Technologies within Mekorot and works to support new innovative water technology solutions. For more information, please visit www.Mekorot.co.il.

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.

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