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Announcement

GENERAL: MVN: Methven wins ExportNZ award for Aurajet commercialisation

24 Jun 2016 14:31NZX
New Zealand''s award-winning and market-leading premium shower and tapware
brand Methven Limited (MVN) has won a 2016 ExportNZ Award for the
Commercialisation of Innovation for Export with its Aurajet Aio Shower.

ExportNZ''s awards campaign recognises New Zealand exporters in their quest to
boost exports from 30% to 40% of GDP by 2025. Since 2009, the ExportNZ awards
programme has inspired New Zealand exporters to expand their business
horizons and grow internationally by celebrating success stories.

ExportNZ looked at the following in determining the award winner:

oInnovation - strong emphasis on developments new to the market, research and
development or other creative endeavour;
oExemplary and profitable export performance with potential to extend that
success; and
oIdentifiable proprietary rights foundation to export success.

Aurajet(R) shower technology was designed, developed and manufactured in
Auckland and launched globally in March 2015. Its breakthrough spray
technology and halo shape are intrinsically linked in an enduring union of
form and function.

"We are delighted to receive this award which recognises the hard work of all
Methven employees around the world. Leading with Aurajet, we have already
launched in five new international markets and are in conversations with
potential partners in many more to enable us to better leverage our
international patents and help drive future sales growth" said Methven Group
CEO, David Banfield.

This latest award takes the total number of global awards to 12 for the
breakthrough Aurajet Aio showers, making it the most awarded product in the
history of Methven.

Building on this success, the second phase of Aurajet products were released
in May 2016 with the addition of a twin shower system and overhead shower to
the range. Consumer and customer reaction to these new products has been very
positive.

Methven will celebrate its 130th year in 2016 and join a very special group
of global businesses that were founded in 1886. Mr Banfield added "2016 is an
extremely exciting year for Methven, as we aim to show that the spirit of
innovation that was a foundation of the business in 1886 is alive and well
and driving more world-leading innovation in 2016 and beyond" stated Mr
Banfield.
End CA:00284632 For:MVN    Type:GENERAL    Time:2016-06-24 14:31:42
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