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IDE Technologies Signs Contract Worth Over 100 Million Euros to Supply a Desalination Plant to Australia.

IDE CEO: "This Deal Places IDE in a Key Position for Competing for Similar Projects in the Future, Establishes IDE's Presence on the Australian Continent and Strengthens its Worldwide Deployment

TEL AVIV, Israel, August 12 /PRNewswire/ -- IDE Technologies, jointly owned (50:50) by The Israel Corporation Group subsidiary Israel Chemicals and the Delek Group, signed a contract to supply a desalination plant worth over a 100 million Euros to a major industrial client in Australia. The client will use the desalinated water for its production processes.

Slated for completion during 2010, the new plant will be based on reverse osmosis technology - a modern process technology used for desalinating water in a wide range of applications. The plant will provide 140,000 cubic meters/day (50 million cubic meters/year) of high quality desalinated process and drinking water, using innovative technologies implemented by IDE in its projects worldwide, for example in the plants in Ashkelon and Hadera (over 100 million cubic meters/year each), Cyprus (20 million cubic meters /year) and in Eilat (3.6 million cubic meters/year).

This project is one of the most complex in the world and one of the largest of its kind supplied by IDE to a foreign client. The quality of the feed water necessitates more precise and complex treatment than in similar installations elsewhere and will be subject to the rigid and meticulous standards of the local industry.

Avshalom Felber, Chief Executive Officer of IDE, welcomed the signing, calling the deal "one of the most challenging the company has known, which places IDE in a key position for competing for similar projects in the future. It establishes IDE's presence on the Australian continent strengthens its worldwide deployment in line with the company's business strategy of global expansion and strengthens IDE's position as a world leader in the seawater desalination market."

About IDE Technologies

Established in 1965, IDE Technologies is a world leader in water desalination. Jointly owned (50% each) by Israel Chemicals and the Delek Group, it specializes in commercial applications of thermal and membrane technologies for desalinating and converting sea- and brackish water to drinking and process water. Since its establishment the company has supplied more than 385 plants of different types and capacities, which supply high quality desalinated water to industries, mines, refineries, power stations and for urban and agricultural use. Spanning 40 countries on all continents, IDE's plants produce more than 1,600,000 cubic meters /day.
 Contact
 Mr. Henri Inzelberg
 VP Marketing
 IDE Technologies Ltd
 t: +972-9-892-9791
 henrii@ide-tech.com



CONTACT: Contact, Mr. Henri Inzelberg, VP Marketing, IDE Technologies Ltd, t: +972-9-892-9791, henrii@ide-tech.com
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Publication:PR Newswire
Date:Aug 12, 2008
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