Chromagen enters strategic agreement with A.O. Smith

<b>Chromagen’s solar water heating products in North America will be exclusively used by A.O. Smith.</b><br><br><i>Photo: Chromagen</i>
Chromagen’s solar water heating products in North America will be exclusively used by A.O. Smith.

Photo: Chromagen

Under the terms of the agreement, Chromagen offers A.O. Smith the exclusive use of its solar collectors for utilisation in residential and commercial solar water heating systems in the United States and Canada. The two companies also agreed to work cooperatively to design, develop and market energy-efficient solar products. “We are excited with the opportunity to further penetrate the US and Canadian markets hand-in-hand with A.O. Smith” said Adar Azancot, CEO of Chromagen.

A.O. Smith is one of the biggest manufacturers of residential and commercial water heating equipment. In 2009 the company’s sales were US$ 2 billion. Its main markets are North America and China.

Chromagen offers a large solar water product line for private and commercial applications. The company is currently expanding its international business. With two production sites in Israel and distribution to 35 countries Chromagen’s sales in 2009 were US$ 50 million.

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