Feb. 4, 2004 -- Tenergy Water LLC announced the signing of an exclusive manufacturing, license and technology transfer agreement with Switzerland-based Christ AG.
Technology transfer and manufacturing of Christ AG's equipment line, led by the Osmotron, the company's pre-engineered pharmaceutical and life sciences pure water system series, will begin immediately.
Under this new business partnership, Christ AG has acquired a minority interest in Tenergy Water and the company will be renamed Tenergy Christ Water LLC.
In addition, Tenergy Christ will take over exclusive responsibility for the distribution of all Christ products in the USA. In this respect, Tenergy Christ will broaden distribution efforts beyond Christ's traditional focus on the pharmaceuticals market to become active in the sectors of drinking-water treatment, the food and beverage industry and power generation.
"This significant alliance leverages Christ AG's proprietary water treatment technologies and prestigious global brand with Tenergy Water's U.S. manufacturing, distribution and service capabilities to better serve our combined customers in North America," said Michael Tomasso, President of Tenergy Christ Water LLC. "I'm excited that Christ AG has selected Tenergy Water as its U.S. partner and I look forward to the positive impact this partnership will have on our customers, employees and local job creation."
Karl Michael Millauer, CEO of the Christ Water Technology Group agrees with his American partner: "Christ expects its participation in Tenergy to provide better access to the North-American market. Local production will considerably improve our competitiveness. We are glad to have found the right U.S. partner - Tenergy."
Christ AG's North American customers will realize many benefits due to this exclusive agreement, including shorter delivery time for the Osmotrons and more attractive pricing. Christ AG will also benefit from Tenergy Water's modern, 66,000 square foot manufacturing facility in New Britain and its proximity to key pure water markets. Tenergy Water is located midway between New York and Boston.
Tenergy Water and its customers will benefit from Christ AG's outstanding track record of installing hundreds of Osmotrons worldwide. A further advantage to Tenergy's customers is the complementary fit of this high-end, pre-engineered pure water system with Tenergy's custom design and manufacturing capabilities.
Tenergy Water specializes in the design, manufacture, distribution and service of high purity industrial water systems for the pharmaceutical, beverage, power and electronics industries. Tenergy Water also serves its U.S. customers' needs through its service deionization and residential/light commercial divisions.
Christ AG, a wholly-owned subsidiary of Vienna stock exchange listed BWT - Best Water Technologies Group of Austria, is Europe's recognized market leader in water technology.
More information: www.tenergywater.com or www.bwt-group.com
