Indian team wins Xylem Water Prize
Global water technology company Xylem Inc. is always looking for the next innovation that can help it live up to its motto of “lets solve water”. And now, it thinks it’s found it, courtesy of the Xylem Water Prize, an online video contest, which was won by a team of Indian students. The team’s submission (which, incidentally, serves as a great introduction to the thinking behind Dominion’s Water Global Trend, and why it’s part of the Managed Fund) suggested the use of a solar powered desalination plant that floats on the sea. You can view the video below:
Xylem is a sponsor of the International Junior Science Olympiad, and this year’s event marks the first award of a Xylem Water Prize. The theme was “how do you solve water?” and submissions were evaluated for “impact, clarity, creativity, and innovation” by an international panel of judges.
Xylem’s share price has appreciated 37% year to date
SOURCE: Yahoo Finance
Patrick Decker, president and CEO of Xylem, said: “The threats to our water resources have never been greater, but, increasingly, there are sustainable solutions to these challenges driven by advanced technologies. This is the next generation of the world’s problem-solvers and innovators and they won’t let their thinking or curiosity be constrained by the traditional models of the past. I couldn’t be more proud to support the International Junior Science Olympiad, and hope the students’ experiences here will inspire them to continue their water-related studies.”
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
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