Carlsbad Desalination Project Wins 2013 Global Water Awards ‘Desalination Deal of the Year’

Largest desalination plant in the western hemisphere is honored for marking significant step forward for the water industry

Kadima, Israel, April 29, 2013 – IDE Technologies Ltd. today announced that the financing package for the Carlsbad desalination plant in California has been named winner of the 2013 Global Water Awards ‘Desalination Deal of the Year’ category. The deal was honored for representing a significant step forward for the water industry in terms of financial innovation and in meeting the demands of challenging circumstances.

Each year, the Global Water Awards acknowledge the most important achievements in the international water industry across several categories, among them ‘Desalination Deal of the Year’ and ‘Desalination Company of the Year,’ which IDE won in 2011.

The Carlsbad project will be the largest seawater desalination plant in the western hemisphere upon completion.

IDE will be involved in the design and supply of equipment for the plant, as well as the operation and maintenance for 30 years. The plant is expected to produce up to 54 million gallons (204,412 m3) of high quality water per day by 2016.

Global Water Intelligence (GWI) magazine cited that “the Carlsbad financing package proves beyond all doubt that with the right determination, large-scale desalination infrastructure in the U.S. can be financed.” In addition, GWI cited that “the pioneering collaborative approach taken at Carlsbad will serve as a blueprint for the financing of other large-scale desalination projects across the southern U.S.”

This award follows the ‘North American Water Deal of the Year’ prize by the Project Finance magazine, reinforcing the project’s significance as a game changer in the US and worldwide.

In another category, IDE’s Seawater Reverse Osmosis desalination plant in Western Australia, Cape Preston, was shortlisted for GWI’s ‘Industrial Water Project of the Year’. GWI cited “This is the first time a pre-engineered modular plant has been built on this scale…Cape Preston demonstrates that IDE continues to deliver innovation in every aspect of the desalination process, nearly 50 years after the company was founded.”

About IDE Technologies:
IDE is a global leader in water technologies, specializing in the development, engineering, construction and operation of enhanced desalination facilities and industrial water treatment solutions. With its advanced thermal and membrane technologies, IDE has designed, built, and currently operates some of the world’s largest seawater desalination and water treatment plants. Today, IDE provides a cumulative capacity of over 2.3 million m3/day of high quality water for a wide range of industries including oil and gas, mining, refineries and power stations. IDE holds a proven track record that spans 400 plants, 40 countries and 4 decades. For more information, visit www.ide-tech.com.

Press Contact:
Fran Bosecker
Vantage PR for IDE Technologies
+1 845-536-1416
fbosecker@vantagepr.com

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