Fluence offers decentralized, cost-effective, quick-to-deploy water and wastewater treatment solutions to clients worldwide, bringing leading-edge treatment technology to companies and communities.
and RWL Water Merge to Create Fluence, a Full-Service Distributed Water Solutions Corporation
Fluence provides local and sustainable treatment and reuse solutions, empowering businesses and communities worldwide to make the most of their water resources. Fluence offers compelling economic advantages with fully functional turnkey solutions that bring together proprietary technology with acceleration of deployment and commissioning of new plants, an important benefit for the establishment of rural wastewater treatment facilities in China and other parts of the developing world.
"The combination of complementary decentralized and packaged water and wastewater treatment solutions is paving the way for Fluence to emerge as the leading global provider of innovative water and wastewater solutions serving municipal, industrial and commercial markets," said Henry Charrabe, Chief Executive Officer of Fluence. "In pairing RWL Water's proven execution capabilities and standardized solutions with Emefcy's breakthrough technologies, Fluence operates at the forefront of the movement that is solving the world's most pressing water challenges."
RWL Water is recognized as one of the fastest growing water solutions companies in the world, with more than 7,000 references and customers in more than 70 countries around the world. Fluence will continue to serve and support all existing RWL Water and Emefcy customers while bringing Emefcy's breakthrough wastewater treatment technology to new clients across the globe and working with channel partners and integrators.
"The distributed treatment model grants rural and remote communities in developing regions the access to clean water and sanitation they deserve, at a price they can afford, while also offering a compelling model to the developed world," stated Richard Irving, Executive Chairman of Fluence. "The merger will substantially accelerate Emefcy's deployment in China and other key markets while making significant operational and distribution gains. Integrating Emefcy and RWL Water products and systems will contribute to continued revenue growth, improving gross margins and expanding recurring revenue streams."
Fluence employs over 300 experienced and dedicated water professionals. Headquartered in New York, operating and regional entities are located around the globe, including the United States, China, Australia, Mexico, Argentina, Brazil, Italy, France, Israel and Dubai.
Management and Governance
Henry Charrabe, President and Chief Executive Officer of RWL Water, and Philippe Laval, Chief Operating Officer of RWL Water, are appointed CEO and COO of Fluence, respectively. Eytan Levy, co-Founder and CEO of Emefcy, and Ronen Schechter, co-Founder of Emefcy, are appointed as President - Products & Innovation and Chief Technology Officer of Fluence, respectively. Bob Wowk, currently CFO of RWL Water, is appointed Chief Financial Officer of Fluence. Ross Kennedy is continuing as Company Secretary.
The Fluence board consists of seven directors. The current five members of Emefcy Group Limited - Richard Irving, Eytan Levy, Ross Haghighat, Peter Marks and Robert Wale - remain on the combined company Board. Mr. Charrabe joins the Board as Managing Director, as does Dr. Rengarajan Ramesh, former CTO of GE Water and a current RWL Water Board member.
Any forward-looking statements in this announcement are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management.
About Fluence Corporation
Formed in 2017 following the consolidation of independent water treatment solution providers Emefcy and RWL Water, Fluence Corporation was established with the vision of becoming the leading global provider of fast-to-deploy decentralized and packaged water and wastewater treatment solutions. With over 300 highly-trained water professionals with experience operating in 70 countries, Fluence provides local and sustainable treatment and reuse solutions while empowering businesses and communities worldwide to make the most of their water resources. Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery, to ongoing support and optimization of water related assets. With core operations in North America, South America, the Middle East and Europe, one of Fluence's main current focuses is expanding into the vast Chinese market for rural wastewater treatment. For more information, please visit: http://www.fluencecorp.com
About Fluence Corporation Ltd
Global consultancy Frost and Sullivan recently awarded Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) "2018 Global Decentralized Water and Wastewater Treatment Company of the Year", noting in their award dissertation:
"Water is a fundamental part of life on earth; not only does it sustain people, but it also plays an essential role in sanitation, agriculture, and industrial processes. Without a sufficient water supply, communities suffer severe hardships including malnutrition, sickness, and even death. The swelling of the world's population is making water even scarcer and challenges communities to come up with quick and viable solutions to overcome the water scarcity problem.
While typical decentralized water treatment systems are relatively expensive, complicated, and inefficient, Fluence Corporation leverages innovative and smart technology solutions backed by decades of industrial know-how to excel in water and wastewater treatment solutions. Fluence's excellence becomes apparent through its success, as the company continues to expand its existing offerings as well as partnerships with other prominent companies in the industry. With its easy to use, sustainable, smart and cost-effective solutions as well as a remarkable year of growth, innovation, and leadership, Fluence Corporation earns Frost & Sullivan's 2018 Global Company of the Year Award in the decentralized water and wastewater treatment industry."
Fluence has experience operating in over 70 countries worldwide and employs more than 300 highly trained water professionals around the globe. The Company provides local, sustainable treatment and reuse solutions, while empowering businesses and communities worldwide to make the most of their water resources.
Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery to ongoing support and optimization of water related assets. With established operations in North America, South America, the Middle East and Europe, Fluence is also expanding into China's rural wastewater treatment market.
Further information can be found at http://www.fluencecorp.com/
Fluence Corporation Ltd