Signs Strategic OEM Coating Agreement with C.I. Group in Thailand
Sydney, Oct 21, 2015 AEST (ABN Newswire) - Aeris Environmental Ltd (
ASX:AEI) is pleased to announce that it has executed an agreement with C. I. Group Public Company Limited (BKK:CIG) for the supply of its proprietary AerisGuard OEM HVAC coatings. CIG will use AerisGuard on the majority of coils that it coats for both corrosion and anti-microbial protection purposes at its three facilities in Thailand. CIG will actively seek to expand its value-added positioning, offering Aeris certified coils into its key customer applications, including healthcare.
- CIG is to exclusively use the next generation AerisCoat OEM coatings at its three facilities in Thailand.
- CIG is publicly traded on the Stock Exchange of Thailand, employs more than 1,000 staff, and is a major supplier of coils to leading global air-conditioning and refrigeration companies.
- CIG specialises in the custom manufacture of high performance, large-capacity coils.
- CIG will actively promote AerisGuard branded OEM coatings to its multiple global customers.
- It is anticipated that the initial year's purchases will be in excess of US$250,000.
Founded in Thailand in 1983, CIG is publicly traded on the Stock Exchange of Thailand, employs more than 1,000 staff, and is a major supplier of coils to leading air-conditioning and refrigeration companies in the aeronautics, beverage, communications, dairy, electronics, food processing, gas compression, healthcare, hospitality, petrochemical and power generation industrial markets. CIG exports its products directly to customers in Asia and Europe, and sells through sales agents in the United States, Canada, Australia and New Zealand.
Aeris will work with CIG to provide its many customers around the world with continued innovation and new product introduction, including SMART coils, which offer both improved indoor air quality and extended efficiency, allowing CIG to build and grow the world's most advanced range of HVAC coils, coatings and associated technologies. In addition, CIG will be promoting the AerisGuard range to its multiple global customers, with a view to not only increasing the share of coils that are currently coated, but also the overall market itself.
Peter Bush, the Chief Executive Officer of Aeris said, "We are proud to be working with a leading group that shares our focus on clean, green, environmentally-sustainable products that are both technically and commercially superior. CIG is an impressive company, known for the quality of its products, and is strategically positioned in a fast growing air-conditioning coil manufacturing hub in Thailand. This agreement is a significant milestone, as the partnership with CIG represents the first commercial launch of our latest SMART coatings platform, and validates the significant value derived from our ongoing Research and Development programmes".
Aree Poomsanoh, the Vice Chairman of CIG, said, "We are excited to enter into this strategic partnership with Aeris who have mutual values based on innovative technology, world leading know-how and a shared commitment to new product development. This new generation of HVAC coil coatings will be a world first in certification for high-end critical applications, such as healthcare, and will place CIG at the forefront of performance and delivery, further cementing Thailand's position as Asia's centre of HVAC manufacturing excellence."
Aeris has positioned itself strongly for significant growth in the OEM HVAC coatings market. As a result of its ongoing engagement with leading manufacturers, Aeris now has an extensive range of innovative products to address the needs of the global HVAC manufacturing sector. Each of the products within the AerisGuard portfolio delivers significant value-added properties to its customers that allow the 'clean, green, protect' positioning into each of the consumer, commercial and industrial HVAC equipment sectors. Aeris has scaled up its manufacturing capability and distribution, with a view to supporting our customers' supply chain and product offerings globally.
To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/81241-ASX-AEI-886208.pdf
About C.I. Group Public Company Limited
C.I. Group Public Company Limited (CIG) manufactures air-conditioning products and parts, primarily in Thailand. CIG manufactures products under contract for air-conditioning and refrigeration companies. It serves air-conditioning and refrigeration, aeronautics, beverage, communications, dairy, electronics, food processing, gas compression, healthcare, hospitality, petrochemical and power generation industrial markets.
CIG provides chilled and hot water, condenser, evaporator, air handler units, refrigeration, truck and bus air-conditioning, marine and industrial coils. It also offers heat exchangers, such as plate, plate fin, fluid, phase-change and spiral heat exchangers and tube bundles. In addition, CIG provides consultancy services, as well as product designs and operates a hotel business on Koh Samui under the Samayabura name.
With accreditations from ISO 9001:2008, Underwriters Laboratories and Air-Conditioning Heating and Refrigeration Institute CIG exports its products directly to customers in Asia and Europe, and sells through sales agents in the United States, Canada, Australia and New Zealand.
CIG was founded in 1983 and is headquartered in Pathumthani, Thailand.
About Aeris Environmental Ltd
Aeris Environmental (ASX:AEI) is focussed on the global megatrends of energy efficiency, healthier air, food safety, water quality and long-term materials protection, with core guiding principles of 'clean, green, protect'.
SmartENERGY is a proprietary system that provides dramatic and proven energy savings in the range of 19% to 33%, alongside documented improvement in system efficiency 54% to 289% improvement in airflow and up to 40% in coil efficiency) and independently-validated indoor air quality across all air-conditioning and refrigeration systems, with proven immediate cash flow savings.
Smart Coatings provide long-term prevention of mould, bacteria growth, corrosion and improved hygiene with OEM, consumer and technical applications.
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