Artesian Resources Corporation announces support for Infrastructure Week
May 16 2017 - 9:35AM
As Drinking Water Week concludes, Artesian Resources Corporation
(NASDAQ:ARTNA) a leading provider of water and wastewater services,
and related services, on the Delmarva Peninsula, announces its
support for Infrastructure Week 2017, a week-long series of events
May 15-19, to raise awareness about the importance of improving the
local, state and national infrastructure —specifically water and
wastewater infrastructure.
Artesian is proud to support Infrastructure Week
2017 and celebrate many of the successes achieved in solving
water-related challenges in 2016-17. “Modernizing, repairing and
replacing water and wastewater infrastructure continues to be an
area where we invest significant resources across the Delmarva
Peninsula; leveraging public-private partnerships, innovative
technologies and strategic investment of capital,” said Dian C.
Taylor, Chair, President and CEO. Working with state and
local municipalities continues to be a forward-looking focus of
Artesian’s business, assuring supply, exceptional performance and
reliability for customers – while achieving mutual reduction in
infrastructure expense for partners and providing cost-effective
solutions to local businesses.
Over the last year, Artesian has entered into an
agreement with Allen Harim Foods, LLC, that will invest $17 million
in infrastructure to reclaim and repurpose 1.5 mgd of treated
effluent for spray irrigation; partnered with Sussex County to
interconnect systems and enhance regional wastewater recycling
capabilities in an area experiencing significant growth; signed an
agreement for the purchase of the water assets at Fort DuPont for a
planned 600 unit community; and, acquired the water assets of the
historic town of Odessa to bring reliable fire protection and
drinking water to residents and businesses. In delivering
solutions to water and wastewater infrastructure challenges,
Artesian looks forward to partnering with other public and private
entities to finance, repair, rebuild, and ensure the sustainability
of communities’ water and wastewater infrastructure.
“Artesian’s expertise in this area will help build and strengthen
not only the local economy but will ensure that future generations
will have the infrastructure needed to sustain growing needs,” said
Taylor.
In 2016 Artesian invested nearly $30 million in
capital improvements to infrastructure, which in turn contributes
to economic growth; and expects over $50 million will be invested
in 2017. Artesian has leveraged investment to enhance sources of
water supply, improve existing treatment facilities, expand
drinking water delivery systems and lay the groundwork for some of
the most innovative and cost-effective wastewater solutions in the
region. “We are pleased to be able to offer a superior service that
also contributes to the region’s economic vitality and public
health, as well as ensures high-quality drinking water and fire
protection to the people we serve across the Delmarva Peninsula,”
said Taylor.
Learn more about our successes in our 2016
Annual Report available at www.artesianwater.com.
About Artesian
ResourcesArtesian Resources Corporation operates as a
holding company of wholly-owned subsidiaries offering water and
wastewater services, and related services, on the Delmarva
Peninsula. Artesian Water Company, the principal subsidiary,
is the oldest and largest regulated water utility on the Delmarva
Peninsula and has been providing water service since 1905.
Artesian supplies 7.6 billion gallons of water per year through
1,260 miles of water main to approximately 301,000 people.
Contact:
Nicki Taylor
Investor Relations
(302) 453-6900
ntaylor@artesianwater.com
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