GEORGE TOWN, Grand Cayman,
Cayman Islands, Oct. 7, 2016 /PRNewswire/ -- Consolidated
Water Co. Ltd. (NASDAQ Global Select Market: "CWCO"), which
develops and operates seawater desalination plants and water
distribution systems in areas of the world where naturally
occurring supplies of potable water are scarce or nonexistent,
today provided an update on the impact of Hurricane Matthew on the
operations of its subsidiaries Consolidated Water (Bahamas) Ltd. and Aerex Industries,
Inc.
President and CEO Rick McTaggart
stated "We have assessed the condition of our water production
facilities in Nassau, The
Bahamas and our other businesses
in Florida after the passing of
Hurricane Matthew. Our largest plant at Blue Hill Road
sustained only minor damage to the building and continued to run
throughout most of the storm. The plant was shut down for
safety reasons late yesterday morning but is now operating again
using our standby electrical generator. Our second plant at
Windsor Field, which is significantly older than our Blue Hill Road
plant, sustained damage to its building and we are currently
working to restore that plant to operating condition.
Although we are still receiving reports from our staff and customer
in Nassau, our current
understanding is that homes and businesses in Nassau sustained significant damage from wind
and flooding. Obviously one of our biggest priorities is to
attend to the basic needs of our Bahamas staff and their families so that they
can begin putting things back to normal and return to
work."
"Fortunately our subsidiary Aerex Industries in Ft. Pierce,
Florida and our administrative
office in Coral Springs, Florida
did not sustain any damage from the hurricane and our personnel at
these locations returned to work today. We will continue to closely
monitor the situation and report any material developments to our
investors," concluded McTaggart.
CWCO-G
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates seawater
desalination plants and water distribution systems in areas of the
world where naturally occurring supplies of potable water are
scarce or nonexistent. The Company operates water production and
distribution facilities and provides water-related products and
services to customers in the Cayman
Islands, Belize, the
British Virgin Islands,
The Commonwealth of The Bahamas,
Indonesia and the United States.
Consolidated Water Co. Ltd. is headquartered in George Town, Grand Cayman, in the Cayman
Islands. The Company's ordinary (common) stock is traded on
the NASDAQ Global Select Market under the symbol "CWCO".
Additional information on the Company is available on its website
at http://www.cwco.com.
For further information, please contact:
Frederick W.
McTaggart, President and CEO, at (345) 945-4277 or
David W. Sasnett, Executive Vice
President and CFO, at (954) 509-8200 or via e-mail at
info@cwco.com
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SOURCE Consolidated Water Co. Ltd.