Siemens Water Technologies, part of Siemens AG (SI), has signed an agreement with Instrument Control Systems (ICS) Healy-Ruff to allow it to be the exclusive national distributor of Siemens Intra-Link Control Systems products.
Siemens will manufacture and continue to have the sole ownership of the products, whereas ICS Healy-Ruff will be involved in all the marketing and sales-related jobs. The products included in the bilateral agreement are LC3000 and LC2000 controllers, LC150 pump controller and other related accessories. ICS Healy-Ruff will also provide system-level design, programming, fabrication and commissioning of systems sold that contain these products.
ICS Healy-Ruff provides municipalities and industries with professional services in process control. This agreement expands municipal market opportunities for engineered solution projects.
As for Siemens Water Technologies, the agreement showcases its continued commitment to help clients improve their water and wastewater services. These pump controllers and other such related products are most suited for municipal water and wastewater customers.
Siemens continues to deliver innovative technological solutions for its customers, which acts as a key revenue generator for the German industrial conglomerate. It aims to provide solutions that give the maximum operational benefit to its clients
Siemens particularly emphasizes on key areas such as information services, automation and controls, medical equipment, power generation, transportation systems, automotive electronics, lighting, and other similar areas. Given its product breadth and geographic diversity, the company is a major beneficiary of increased spending as developing nations build up their infrastructure.
Siemens currently has a Zacks Rank #5 (SI). Other stocks that look promising and are worth a look are American Science & Engineering Inc. (ASEI), Daktronics Inc. (DAKT), and Jinpan International Limited. (JST), each carrying a Zacks Rank #2 (Buy).
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