This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Xylem Wins $2.7 Million Contract To Develop Storm Water Drainage System For New Jersey Coastline

Xylem Inc. (NYSE:XYL), a leading global water technology company focused on addressing the world’s most challenging water issues, has been awarded a $2.7 million contract to supply the equipment and technology for a storm water drainage system to protect against future storm damage along Route 35 on the New Jersey coastline. The new drainage solution is a key part of a $265 million reconstruction program being implemented in the area following the damage caused by Superstorm Sandy in October 2012.

The new, state-of-the-art drainage system will consist of 47 Flygt Slimline pumps and 27 smaller Flygt submersible N-pumps in nine pump stations located at various intervals along the 12-mile stretch of road that was severely damaged by the storm. Flygt MultiSmart pump controllers will ensure the efficient operation of the system. Each of the nine pump stations will have a capacity of moving between 25,000 and 35,000 gallons of water per minute.

“The small footprint of our Flygt Slimline pumps is a core element of the smart design of the drainage system due to limited space available for pump stations under the road in this compact beachfront area,” explained Mark Umile, branch manager for Xylem. “Each of our Flygt Slimline pumps can move 9,000 gallons of water per minute. If a storm overwhelms the regular drainage sewers, our pumps will kick in and pump the excess water back into the bay.”

Chuck Narod, sales representative for Xylem commented, “Xylem’s Flygt R&D, engineering and sales teams have designed a customized and efficient system that harnesses smart technology to solve this challenging storm water issue.”

Installation of the new system will begin before the end of 2013 with part of the new system due to be in operation before summer 2014. For more information on Xylem’s offerings in flooding and urban resilience, see the recently released white paper entitled Solutions for Urban Flood Management: Xylem’s Contribution to Urban Resilience.

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. Xylem is headquartered in White Plains, N.Y., with 2012 revenues of $3.8 billion and approximately 12,900 employees worldwide. Xylem was named to the Dow Jones Sustainability World Index for the last two years for advancing sustainable business practices and solutions worldwide.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,045.97 -4.78 -0.03%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,819.6120 +8.8240 0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs