Xylem Partners with LORENTZ to Globalize Solar-Powered Pumping Solutions for Sustainable Water Management
Portfolio Pulse from Benzinga Newsdesk
Xylem Inc. (NYSE:XYL) and LORENTZ, a German solar water pump manufacturer, have announced a distribution agreement to expand the availability of solar-powered pumping systems globally. These systems are used in agriculture, irrigation, and drinking water applications, helping water managers to meet decarbonization goals and reduce operating costs.
September 20, 2023 | 11:04 am
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The partnership between Xylem Inc. and LORENTZ to distribute solar-powered pumping systems globally could potentially increase Xylem's market reach and revenue.
The distribution agreement between Xylem and LORENTZ will expand the availability of solar-powered pumping systems, which are used in various applications including agriculture, irrigation, and drinking water. This could potentially increase Xylem's market reach and revenue, hence the positive score.
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IMPORTANCE 75
RELEVANCE 100