Nov 01, 2019

Industry News Week 11/1/19

The PearlAqua Micro was certified by NSF Intl. in compliance with the new NSF/ANSI 55-2019 Standard; Xylem reports third quarter earnings growth and margin expansion.

The PearlAqua Micro was certified by NSF Intl. in compliance with the new NSF/ANSI 55-2019 Standard; Xylem reports third quarter earnings growth and margin expansion.

First UV-C LED Product Certified to NSF/ANSI 55-2019 Standard

AquiSense Technologies has claimed the world’s first NSF Component Certification to the newly updated NSF/ANSI 55-2019 Standard for its PearlAqua Micro range. The PearlAqua Micro was certified by NSF Intl. in compliance with the new NSF/ANSI 55 Standard for Material Safety and Structural Integrity.  

The PearlAqua Micro is the world’s smallest UV-C LED water treatment system, with tens of thousands of units shipped this year. The PearlAqua Micro range includes five discrete model sizes, offering flow rates of up-to 8 lpm and third-party validation disinfection performance of up-to 6-log pathogen reduction. The range is designed to be integrated at the point-of-use and offers 12 or 24 VDC input voltage, automatic on/off control, multiple sensing/alarm options and customizable housing options.

“Obtaining the NSF/ANSI 55-2019 certification is yet another instance where PearlAqua is leading the way for UV-C LED technology,” said AquiSense CEO Oliver Lawal. “Prior to Sept. 2019, there was no specific standard for LED technology in water treatment applications. Our team has worked for years supporting NSF Intl. to ensure the new 55 Standard is robust and future-proof. We look forward to engaging OEM manufacturers globally in incorporating the PearlAqua component for maximum human and environmental protection.”

Xylem Reports Third Quarter Earnings Growth & Margin Expansion

Xylem Inc. reported third quarter 2019 net income of $65 million, or $0.36 per share, according to a press release. Excluding the impact of restructuring and realignment, impairment charges and one-time tax benefits, the company delivered adjusted net income of $149 million, or $0.82 per share in the quarter. Excluding the impact of foreign exchange translation, adjusted earnings per share was up 10%. Third quarter revenue was $1.3 billion, up 3% organically led by growth in the utilities end-market moderated by growth in industrial and commercial markets. Reported operating margin in the quarter was 0.8% and adjusted operating margin was 15.1%, up 50 basis points compared to the prior year. 

“Solid demand and disciplined execution in our largest markets drove margin expansion and delivery on our earnings commitments," said President and CEO of Xylem Patrick Decker. "Steady revenue growth in our utilities business has been partially offset, however, by notable weakening in industrial and commercial end-markets.” 

“The near-term softness in those market environments has caused us to lower our organic revenue and earnings guidance," Decker said. "Nevertheless, we expect to exit the year with sizable backlogs as our core utilities business remains healthy and the digital transformation of the water sector continues to gather pace. This gives us confidence in our ability to continue to outperform the market in 2020, and deliver mid-single-digit growth over the long term." 

Clearwater Systems Announces Promotion of Dave Chew to VP of Service

Clearwater Systems has announced the recent addition of Dave Chew to the Clearwater team as the new vice president of service. In this role, Chew will be leading the service and delivery teams as well as managing the service selling initiative. 

Chew’s contribution to the Clearwater team includes a 32-year history in the water treatment industry as well as experience working with Kinetico, where he held several positions, including process engineer, manager of production engineering, manager of technical service, and director of marketing. Chew previously led Fairmount Minerals’ water treatment sector when they acquired Macrolite from Kinetico. His most recent experience has been with Parkson where he was vice president of chemical and separation products. Chew received his chemical engineering degree from the University of Wisconsin in 1986 and his MBA from UC Berkeley in 1999. 

“Dave’s 30 years of experience in residential, commercial, industrial and municipal water treatment applications provide a resource to our service team few other dealerships can create,” said Jerry Kovach, president and CEO of Clearwater Systems. “We are excited to have Dave join the Clearwater team and lead our service group!”