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Phoslock Water Solutions (ASX:PHK) Canadian Distribution Agreement

Canadian Distribution Agreement Signed
 
Key Points:
- Distribution Agreement signed with Canadian environmental company, GDG Environnement
- Major agreement provides Phoslock application opportunities across five Canadian provinces
- 2 year agreement includes annual purchase obligation

 
Phoslock Water Solutions (PWS) has signed a Distribution Agreement covering five provinces, with GDG Environnement (GDG), a major Canadian environmental services company.
 
The Distribution Agreement is for an initial 2 year period and includes annual purchase obligations by GDG. The Agreement covers the Canadian provinces of Quebec, New Brunswick, Newfoundland, Labrador and Nova Scotia.
 
PWS General Manager for North America, Mr Eddie Edmunds said GDG was a good fit for Phoslock, providing significant expertise and coverage for blue-green algae impacted water bodies.
 
“Phoslock water treatment to reduce phosphorus levels in waterways is highly complementary to GDG’s suite of services that are aimed protecting public health” said Mr Edmunds.
 
“GDG has recently developed biosensors to detect cyanobacteria toxins, the blue-green algae that threaten the safety of drinking water all over the world. Application of Phoslock is an environmentally safe and effective means of starving the algae of nutrients thereby improving water quality” he explained.
 
For the past three decades, GDG Environment has been pursuing its mission of carrying out strategic environmental health interventions, first through the prevention and management of the microbiological risks posed by vector-borne microorganisms, and more recently, through allergen exposure prevention.
 
The Company has a competent team of around 200 professionals and technicians that enable it to deploy its expertise throughout the country. The Company possesses two highly specialized laboratories, located at its head office in Trois-Rivières, Quebec. The Company is currently establishing, with a major research institute, a third laboratory specializing in nanotechnology and biosensors.
 
The agreement with GDG is the second major distribution alliance entered by PWS this year. Last month the Company announced an agreement with US-based environmental product and services provider SePRO Corporation. The agreements, along with two other distribution agreements signed in mid 2010, give PWS a substantial footprint in North America for the first time and the potential for broad reach into these major markets.
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