Xylem Inc. helps pump water from Thai caves, helps to save captive soccer team
The world watched with baited breath earlier this month, as 12 boys and their soccer coach were trapped in a flooded cave in Thailand. But while most of us could offer no more than moral support, Patrick Decker, CEO of global water technology company Xylem Inc., was in a position to help.
Xylem’s share price has risen by 2% over the last week
SOURCE: Yahoo Finance
Speaking in an interview with reporters in Singapore, Decker described his reaction to the news: "When we heard the boys were found and began to see the visual imagery on TV of the water conditions and what it looked like in the cave, and I saw these hoses with water pouring out of them, I thought, 'We need to get somebody there to be sure they're getting maximum water out of these pumps.'”
Decker said he sent four engineers, fully equipped with Xylem’s tech, to aid in the rescue attempt, and they boosted pumping power by as much as 40%. Thankfully for all involved, the mission was a success, and alongside a rescue team composed of international diving experts and Thai Navy SEALs, all 12 boys and their coach were saved.
It’s not the first time Xylem has aided in rescue missions, having previously aided teams dealing with the fallout from mine collapses in Pennsylvania and Chile. However, this mission may have been the most complicated yet, as Decker says it involved “tight spaces, low oxygen levels and limited availability of electricity.”
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
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