Xylem signs Memorandum of Understanding with the Government of Ethiopia to explore helping country solve water challenges
November 19, 2018
RYE BROOK, N.Y.--(BUSINESS WIRE)--
Xylem Inc. (NYSE: XYL), a leading global water technology provider, has
signed a Memorandum of Understanding (MoU) with Ethiopia’s Ministry of
Water, Irrigation and Energy (MoWIE) for future cooperation to help
advance water security in Ethiopia.
The MoU was signed at an event in Ethiopia attended by Ethiopia’s
Minister of Water, Irrigation and Energy His Excellency Dr. Eng. Seleshi
Bekele; State Minister Water Supply and Sanitation Dr. Negash Wagesho;
Xylem President and CEO Patrick Decker; and a representative of the U.S.
Embassy in Ethiopia.
H.E. Dr. Eng Seleshi Bekele noted that the present MoU signed between
Xylem and MoWIE creates an enabling platform to improve water supply and
sanitation service delivery and ensure scheme sustainability. He also
stressed that the Ethiopian water supply and sanitation sector benefit
from the broad technical and technological solutions Xylem has been
providing.
Xylem President and CEO Patrick Decker spoke about how honored the
company is to have the opportunity to begin exploring solutions for the
region, notably non-revenue water, knowledge sharing, and creating more
water and energy efficiencies to maximize resources and lessen impact on
the environment.
“This exploratory partnership is a chance to strengthen our working
relationship with the Ministry and build on positive conversations
around water systems optimization, energy, water and sewage coverage,
and to create a foundation that can help advance Ethiopia’s water sector
in the future,” said Mr. Decker.
“As a global leader in water technology, Xylem is committed to helping
communities around the world harness the power of technology to protect
and optimize water and wastewater systems. We are grateful for the
opportunity to partner with the Ministry to identify potential ways to
leverage our broad portfolio of leading-edge technologies to help build
water security in Ethiopia – and address one of the greatest challenges
of our time: solving water.”
About Xylem
Xylem (XYL) is a leading global water technology company committed to
developing innovative technology solutions to the world’s water
challenges. The Company’s products and services move, treat, analyze,
monitor and return water to the environment in public utility,
industrial, residential and commercial building services settings. Xylem
also provides a leading portfolio of smart metering, network
technologies and advanced infrastructure analytics solutions for water,
electric and gas utilities. The Company’s more than 16,500 employees
bring broad applications expertise with a strong focus on identifying
comprehensive, sustainable solutions. Headquartered in Rye Brook, New
York, with 2017 revenue of $4.7 billion, Xylem does business in more
than 150 countries through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all – that which occurs in nature. For more
information, please visit us at www.xylem.com.