Emefcy and RWL Water Merge to Create Fluence, a Full-Service Distributed Water Solutions Corporation

Fluence offers decentralized, cost-effective, quick-to-deploy water
and wastewater treatment solutions to clients worldwide, bringing
leading-edge treatment technology to companies and communities.

Group Limited
(ASX: EMC) (“Emefcy”) and RWL
Water LLC
have completed their definitive merger agreement effective
July 14, 2017 to form Fluence
Corporation Limited
(“Fluence”) (ASX: FLC), bringing together
breakthrough technologies and proven delivery platforms to optimize
treatment solutions for the water cycle for the 21st century. Fluence’s
products will address all segments of the water value chain, from
desalination to wastewater treatment and waste-to-energy, making it one
of the world’s most comprehensive distributed water services firms.

Fluence provides local and sustainable treatment and reuse solutions,
empowering businesses and communities worldwide to make the most of
their water resources. Fluence offers compelling economic advantages
with fully functional turnkey solutions that bring together proprietary
technology with acceleration of deployment and commissioning of new
plants, an important benefit for the establishment of rural wastewater
treatment facilities in China and other parts of the developing world.

“The combination of complementary decentralized and packaged water and
wastewater treatment options is paving the way for Fluence to emerge as
the leading global provider of innovative water and wastewater solutions
serving municipal, industrial and commercial markets,” said Henry
Charrabé, Chief Executive Officer of Fluence. “In pairing RWL Water’s
proven execution capabilities and standardized solutions with Emefcy’s
breakthrough technologies, Fluence operates at the forefront of the
movement that is solving the world’s most pressing water and wastewater

RWL Water is recognized as one of the fastest growing water solutions
companies in the world, with more than 7,000 references and customers in
more than 70 countries. Fluence will continue to serve and support all
existing RWL Water and Emefcy customers while bringing Emefcy’s
breakthrough wastewater treatment technology to new clients across the
globe and working with channel partners and integrators.

“The distributed treatment model grants rural and remote communities in
developing regions the access to clean water and sanitation they
deserve, at a price they can afford, while also offering a compelling
model to the developed world,” stated Richard Irving, Executive Chairman
of Fluence. “The merger will substantially accelerate Emefcy’s
deployment in China and other key markets while making significant
operational and distribution gains. Integrating Emefcy and RWL Water
products and systems will contribute to continued revenue growth,
improving gross margins and expanding recurring revenue streams.”

Fluence employs over 300 experienced and dedicated water professionals.
Fluence is headquartered in New York, with operating and regional
entities located around the globe, including the United States, China,
Australia, Mexico, Argentina, Brazil, Italy, France, Israel and Dubai.

Management and Governance

Henry Charrabé, President and Chief Executive Officer of RWL Water, and
Philippe Laval, Chief Operating Officer of RWL Water, are appointed CEO
and COO of Fluence, respectively. Eytan Levy, co-Founder and CEO of
Emefcy, and Ronen Schechter, co-Founder of Emefcy, are appointed as
President – Products & Innovation and Chief Technology Officer of
Fluence, respectively. Bob Wowk, currently CFO of RWL Water, is
appointed Chief Financial Officer of Fluence. Ross Kennedy is continuing
as Company Secretary.

The Fluence board consists of seven directors. The current five members
of Emefcy Group Limited – Richard Irving, Eytan Levy, Ross Haghighat,
Peter Marks and Robert Wale – remain on the combined company Board. Mr.
Charrabé joins the Board as Managing Director, as does Dr. Rengarajan
Ramesh, former CTO of GE Water and a current RWL Water Board member.

Forward-looking Statements

Any forward-looking statements in this announcement are not guarantees
of future performance and involve known and unknown risks,
uncertainties, assumptions and other important factors, many of which
are beyond the control of the Company, its directors and management.

About Fluence Corporation

Formed in 2017 following the consolidation of independent water
treatment solution providers Emefcy and RWL Water, Fluence Corporation
was established with the vision of becoming the leading global provider
of fast-to-deploy decentralized and packaged water and wastewater
treatment solutions. With over 300 highly-trained water professionals
with experience operating in 70 countries, Fluence provides local and
sustainable treatment and reuse solutions while empowering businesses
and communities worldwide to make the most of their water resources.
Fluence offers an integrated range of services across the complete water
cycle, from early stage evaluation, through design and delivery, to
ongoing support and optimization of water related assets. With core
operations in North America, South America, the Middle East and Europe,
one of Fluence’s main current focuses is expanding into the vast Chinese
market for rural wastewater treatment. For more information, please
visit: http://www.fluencecorp.com.


Antenna Group for Fluence
Josh Garrett, +1 646-957-5371