ID :
9674
Tue, 06/10/2008 - 11:31
Auther :

Island Sky, Salton Inc to export water machines to India

Melbourne, June 9 (PTI) Island Sky Australia Ltd has inked an exclusive licensing and distribution agreement with American corporation Salton Inc that will enter Indian market for its unique 'air to water' making machines. Salton Inc paid Island Sky Australia Ltd over five million dollars for the right to export the Skywater machine, which captures and purifies moisture from the atmosphere. According to Sydney Morning Herald, as well as the upfront fee, Salton would pay Island Sky 5 percent of all gross sales. Last week Island Sky announced the deal to the stock exchange. Island Sky Executive Director Michael Paragon said manufacture of the machines would begin in China in August, with hopes that a bigger model -- suitable for supplying a whole household -- would be produced by the end of the year. The smaller, 19-litre model was designed to supply office or household drinking water, he said, and would be available in Australia in September. The bigger, next-generation model would have a capacity of 1,100 litres. PTI

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