Netafim, the Israeli pioneer in drip irrigation technology, was awarded the Stockholm Industry Water Award for 2013 on Tuesday. Founded by the Stockholm International Water Institute in 1991, the institute’s water prizes aim to identify companies that have made a significant contribution toward conserving and protecting the world’s depleting water resources.

This year’s award recognizes Netafim for its “remarkable achievements,” such as “helping farmers across the world to ‘grow more with less’” and thereby helping create “a more water and food secure world,” the award committee said.

Founded in 1965, Netafim operates in more than 110 countries all over the world, through 27 subsidiaries and with 16 production plants and more than 3,000 employees, according to the company.

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