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Phoslock Water Solutions Limited (ASX:PHK) US Distribution Agreement signed

Major US Distribution Agreement Signed with Leading Algae Management Company
Key Points:
- Distribution Agreement signed with SePRO – US industry leader for algae management
- Distribution Agreement provides access to over 160 Accredited Applicator companies throughout US
- 5 year Distribution Agreement with large annual purchase obligations
- Contract requires significant initial order
Phoslock Water Solutions (PWS) has signed a major Distribution Agreement covering all states of the United States with SePRO Corporation (SePRO), the industry leader in North America in the arena of weed and algae management in lakes, rivers, streams, reservoirs and storm water containment ponds. SePRO currently provides and supports a full line of aquatic plant and algae management products (25). Phoslock will be added to this product line as an environmentally friendly phosphorus absorber, and as a sediment capping agent to significantly reduce the re-release of phosphorus.
The Distribution Agreement is for an initial 5 year period and includes large annual purchase obligations by SePRO. The Contract with SePRO requires a significant initial order. It is intended that Phoslock will be sold both as a standalone product used in conjunction with SePRO products and also potentially formulated in other SePRO products. A second Distribution Agreement covering Aquaculture and Retail Products with SePRO for the United States market is currently being finalised.
PWS General Manager for North America, Mr Eddie Edmunds said SePRO was a great fit for Phoslock. The SePRO Aquatics Team is made up of 13 Aquatics Specialists who have all been trained in the science of aquatic plant and algae management. The SePRO sales team supports a network of over 160 accredited applicator companies spread throughout the United States. The accredited applicators maintain strong local relationships with the lake management companies, lake associations, state and federal water body organisations and aquatic management companies.
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