ZENON Environmental Inc. (TSE:
ZEN, ZEN.A) announced today that is has entered into a commercial agreement
with OTV (a subsidiary of Vivendi Water).
The agreement consists of up-front net proceeds of approximately Cdn
$10 million and a supply agreement for the purchase of approximately Cdn
$4 million of ZENON’s proprietary immersed membranes.
“We are glad that we have managed to conclude this agreement to the
satisfaction of all parties,” stated Dr. Andrew Benedek, Chairman and CEO
of ZENON Environmental.
ZENON is a world leader in providing advanced membrane products and
services for water purification, wastewater treatment and water reuse.
Chosen as one of Canada’s Top 100 Employers, the ZENON group of companies
operates from seven locations in North America, six in Europe, and one
in each of Asia, Latin America, and the Middle East.
ZENON's products and services are marketed for a variety of municipal
and industrial applications through ZENON's offices and representatives
located throughout the world.
