Aqwise continues its rapid growth in the global water and wastewater market

Herzliya, Israel, August 2010 – Aqwise, provider of advanced water and wastewater treatment solutions,  reports winning several projects globally in the amount of several millions of dollars.  This continues Aqwise’s rapid growth trend in recent years, as was demonstrated last year, when the company was ranked 1st in the cleantech sector and 28th among the 500 competitors of the 2009 “Deloitte Technology Fast 500” competition for the EMEA region (Europe, Middle East and Africa).

Aqwise recent projects serve both municipal and industrial clients. The municipal projects include design of new wastewater treatment plants, as well as upgrade of existing ones – in order to comply with strict regulations and growing population needs. The Industrial projects, serving first tier clients, are versatile and include applications in the Pulp & Paper, Food & Beverage, Pharmaceuticals and Petrochemical industries.

The projects are located in East and West Europe, including Spain and Portugal, as well as Mexico and the US market.

Moreover, Aqwise continues to invest considerable resources in Research & Development of new technologies and just recently received, for the second year, a considerable grant in the framework of the EUREKA R&D funding and support program, for the development of an Anaerobic-Aerobic solution for industrial wastewater treatment, in cooperation with a European company.

Elad Frenkel, Aqwise CEO: “The wastewater treatment market continues its global growth, and the regulations in the field motivate Municipal authorities and Industrial plants to sustain strict international standards, even in times of financial uncertainty. Aqwise’s solutions are selected as they are cost effective for a variety of markets and customer needs. Aqwise continues to strengthen its position as a leading player in the field of advanced biological wastewater treatment, especially in the field of MBBR and IFAS solutions”.

About Aqwise

Aqwise is a world leader in the development and implementation of advanced water and wastewater treatment solutions for the Industrial and Municipal markets. Aqwise’s proprietary AGAR® (Attached Growth Airlift Reactor) family of solutions significantly increases the capacity and efficiency of existing wastewater treatment plants, while offering compact and scalable deployments of new plants.

The company offers a wide range of services, from process design through full turn-key project management.

Aqwise’s solutions have been successfully installed in dozens of municipal and industrial plants around the world, serving a variety of industries including Food & Beverage, Pulp & Paper, Oil & Gas, pharmaceutical and more.

Aqwise is headquartered in Israel and has regional offices in Latin America, as well as commercial representation in North America, Europe, the Middle East and Asia Pacific.

Aqwise’s shareholders are AHMSA Steel Israel Ltd., Elron Electronic Industries Ltd. (Nasdaq: ELRN) and Israel Cleantech Ventures.

Further information about Aqwise is available at: www.aqwise.com

About AHMSA Steel Israel

AHMSA Steel Israel Ltd., a subsidiary of Altos Hornos de Mexico, the largest integrated steel producer in Mexico, was founded in February 2004 as an investment and holding company, for diverse industrial sectors, from mining through wastewater solutions.

For further information please visit: www.ahmsasteel.com

About Elron Electronic Industries

Elron Electronic Industries Ltd. (TASE: ELRN), a member of the IDB Holding group, is a technology holding company listed on the Tel-Aviv Stock Exchange. Elron’s group companies currently comprise public and privately held companies engaged in a diverse range of technological activities. These companies, at various levels of maturity and progress, are primarily in the fields of medical devices, information & communications technology and clean technology, and have the potential to be technology leaders, each in their respective fields. Elron focuses on identifying and developing unique technology companies. Current group companies include Given Imaging, BrainsGate, NuLens, Pocared, Aqwise and Starling, and in the past included Elbit Systems, NetVision, Partner Communications and Medingo. For further information, please visit www.elron.com.

About Israel Cleantech Ventures

Israel Cleantech Ventures (ICV) was established in 2006 to provide value added growth capital to exceptional entrepreneurs building Israel’s energy, water and environmental technology leaders.

ICV’s investment professionals combine industry expertise gained through decades in senior management positions at Israel’s outstanding cleantech companies, with proven abilities in identifying, investing in and supporting VC-backed companies.

For further information please visit: www.israelcleantech.com

For additional information or media images please contact:

Noa Gershon

MarCom Manager, Aqwise

(T) +972-9-9591901

(E) noa@aqwise.com