Mapal Green Energy Ltd. has announced a deal with Britain's largest water company, Thames Water, to install its sewage treatment systems at Thames Water facilities. The deal is worth an estimated NIS 2 million, but Mapal believes that it will sign follow-on agreements with Thames Water for the installation of more sewage treatment systems.
This is Mapal's second deal in the UK in recent months. In late 2013, it signed a NIS 500,000 agreement to install sewage treatment systems at Anglian Water facilities. The company is in talks on a contract with a third British water treatment company.
In the summer of 2013, Mapal raised £1.5 million from Charles Street Securities Europe LLP. In 2010, it raised £2 million from British investors. The company raised the money to expand its global marketing capability, and to gain a foothold in the British market, where there is strong demand for sewage treatment systems.
Mapal's floating fine bubble aeration system penetrates fine oxygen bubbles into sewage treatment pools, facilitating the treatment process. The technology can save up to 70% in energy consumption and up to 80% in operations and maintenance costs of municipal and industrial wastewater treatment plants.
"Before Britain's leading water companies selected Mapal's technology, it was meticulously tested by Britain's innovation forum, which includes representatives from all of the country's leading water companies and municipalities," Mapal CEO Zeev Fisher told "Globes".
Mapal is headquartered in Nesher, outside Haifa, and operates in the UK through a locally registered subsidiary. The company has participated in the UK Foreign Office's TouchDown program, which helps foreign companies launch operations in the country. The company has also been aided by the UK-Israel Tech Hub program which operates out of the British Embassy in Tel Aviv.
Today, the UK-Israel Tech Hub and Arup Group Ltd. will host in London UK-Israel Water Tech Day, where top British water technology and engineering executives will meet representatives of 12 Israeli companies, including Mapal. The Tech Hub says that the event is part of the vision to create synergy between Israeli cleantech companies and large British engineering companies and integrators that operate worldwide, in order to promote joint ventures far beyond Britain's shores.
Published by Globes [online], Israel business news - www.globes-online.com - on March 10, 2014
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