Xylem signs Memorandum of Understanding with the Government of Ethiopia to explore helping country solve water challenges

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.

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