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Press Release: Primo Water Announces Completion of Phase I Rollout of Credit Card Readers; Receiving Tariff Exemption on Water Dispensers; Entering into an Agreement for Refill in Mexico; and Board Appointment of Susan Cates as the Lead Independent Direct


WINSTON-SALEM, N.C., Jan. 14, 2019 (GLOBE NEWSWIRE) -- Primo Water Corporation (“Primo” or the “Company”) (Nasdaq: PRMW) today announces the following:
Exceeded December 31, 2018 Credit Card Reader Goal and Begins Rollout to Remaining LocationsEarlier this year Primo accelerated the rollout of cashless payment technology to its outdoor reverse-osmosis refill machines, committing to installing 6,000 units by December 31, 2018. Primo exceeded this target by several hundred units and is now entering phase II of the rollout to the remaining locations, which is anticipated to be completed by June 30, 2019.  This technology not only brings more payment options to consumers but also brings real-time telemetry alerting. The devices enable consumers to choose from a variety of EMV-certified or chip-card payment methods, including credit cards and mobile payment apps, such as Apple Pay, Visa and MasterCard. The system capabilities will also provide Primo the ability to remotely monitor its outdoor refill machines and ensure the machines are in continuous operation. The system will deliver tailored notifications based on Primo’s defined thresholds when a refill machine experiences a power outage or when there is a machine error based on their specifications. This will allow field managers to send service technicians to the refill machine, thus reducing downtime. Primo anticipates that this capability will reduce lost revenue from prolonged machine interruption and will increase end-consumer satisfaction.Water Dispensers Granted a Retroactive Exemption of the Section 301 TariffThe Office of the U.S. Trade Representative recently granted product exemption from the Section 301 import tariffs on certain products manufactured in China, including Primo’s full-size water dispensers. The exemption is retroactive back to the implementation date in July 2018 and will remain in effect through December 2019. The exemption will allow Primo to work with its retailers to reduce the future on-shelf pricing.  Primo believes the lower sales price can drive consumer demand of its water dispensers and generate future water households.Primo Enters into an Agreement for Refill in MexicoPrimo entered into an agreement with a Mexican partner creating the framework for establishing a business in Mexico to sell reverse-osmosis water through indoor and outdoor self-service refill drinking water machines.  Primo has been working over the past 18 months to solidify the framework and best approach to bring refill to ...


Posted: 2019-01-14 14:05:00

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Press Release: Primo Water Announces Completion of Phase I Rollout of Credit Card Readers; Receiving Tariff Exemption on Water Dispensers; Entering into an Agreement for Refill in Mexico; and Board Appointment of Susan Cates as the Lead Independent Direct | Globe NewsWire News Distribution Service | RobinsPost News Network - Newscast

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Mon, 04 Mar 2019 05:09:00 GMT

WINSTON-SALEM, N.C., March 04, 2019 (GLOBE NEWSWIRE) -- Primo Water Corporation (Nasdaq: PRMW) today announces the appointment of Emma S. Battle as a new independent director to its Board of Directors ...

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Primo Water gains exemption from Chinese steel tarrifs; names new lead independent director

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Primo Water Corp ... option to buy the Mexico refill business “upon the attainment of either certain financial milestones or after six years.” The company named Susan Cates as lead independent ...

Primo Water Announces Completion of Phase I Rollout of Credit Card Readers

Mon, 14 Jan 2019 01:04:00 GMT

RECEIVING TARIFF EXEMPTION ON WATER DISPENSERS; ENTERING INTO AN AGREEMENT FOR REFILL IN MEXICO; AND BOARD APPOINTMENT OF SUSAN CATES AS THE LEAD INDEPENDENT DIRECTOR.PRIMO WATER CORP - WATER ...

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