(JNi.media) On the same week Hamas claimed that their naval commandos have captured a a dolphin working in the service of the Mossad, equipped with a spying camera, Maytronics, a manufacturer of the Dolphin robotic pool cleaners, picked up close to $47 million in revenue, a 26% rise, in Q2 2015.
Coincidence?
Globes, which reported the jump also noted that this was the company’s last quarter under CEO Yuval Beeri, who steps down next month after seven years at the helm. Maytronics, based in Kibbutz Yizre’el, near Afula, Israel, will hold a shareholders’ meeting next month to approve Beeri’s retirement package.
Beeri said “it is possible we will see a prolonged season due to the warm weather in Europe and the US.”
The same shareholders’ meeting will also be asked to approve the employment package for incoming CEO Eyal Tryber, who was vice president of sales marketing for the last seven years.
The pool cleaning robot, known as the Dolphin, crawls on the bottom of your swimming pool, removing debris and dust from the water and scrubbing the pool’s floor and walls—reducing the need for chemicals to clean the water. The Dolphin works its way in a straight line across the bottom of the pool, climbs up one side, and when it reaches the waterline turns down the next row.
According to the company, building on decades of expertise in automatic pool cleaners, every Dolphin combines advanced technologies with proven reliability so you can enjoy a constantly clean pool with little effort. Also: as pool owners’ needs change, new technologies and models that address new segments are added to the Dolphin line.
Three years ago, according to Ha’aretz, kibbutz Yizre’el turned down an offer to sell Maytronics for about $90 million, which was at least 27% more than its market value. Since then, the company’s value has risen to $220 million.