Amiad wins $7.7 million contract in Colombia

Posted: Thursday 28th March 2013

Reverse osmosis pre-filtration membrane protection for desalination project in oil & gas industry.

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, is pleased to announce that it has been awarded a $7.7m contract by Nirosoft Industries Ltd. (“Nirosoft”) for the supply and maintenance of a pre-filtration solution providing protection for their reverse osmosis (“RO”) membranes. The Company’s screen and microfiber filtration technology will be installed at a desalination plant that is part of the oil & gas operations of Pacific Rubiales Energy Corp., one of the largest independent oil & gas exploration and production companies in Colombia. The contract consists of $5.0m for the supply and commissioning of Amiad’s solution, which will occur in 2013, and $2.7m for maintenance for a period of 10 years.

Amiad’s pre-filtration solution will protect the RO membranes of Nirosoft’s purification system which treats the water produced during petroleum extraction. Amiad’s technology was selected to extend the life of the RO membranes as well as reduce operating costs. The Company’s solution, as part of the Nirosoft system, will enable the desalinated water to meet environmental discharge requirements and make it fit for agricultural use.

Commenting on the award, Avi Bonibay, CEO of Nirosoft, said: “Nirosoft is pleased to be working with Amiad on this significant project. When choosing a supplier, we have to ensure that the equipment selected would meet stringent international standards and deliver the required performance. Our long-term experience with Amiad assures us that their filtration equipment will offer consistent performance and reliability throughout the life of the project.”

Arik Dayan, CEO of Amiad, added: “We’re delighted to have won this project, which corresponds with our strategy of increasing our presence in Latin America as well as in the oil & gas industry, both of which we have identified as key growth markets. In addition, it highlights the importance of Amiad’s solutions within the filtration process – forming part of our goal to be at the core of any water system throughout the world. We’re proud that Nirosoft have chosen to award this contract to Amiad, which demonstrates the strength of our offering, and we look forward to working with them and continuing to build our relationship.”

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