Basin Water Selected to Reduce Arsenic Levels in Arizona Community
January 18 2007 - 2:57PM
Business Wire
The City of Cottonwood, Arizona, has selected Basin Water
(Nasdaq:BWTR) for a minimum 5-year, $4.3-million contract to treat
the community�s water and meet federal water quality standards for
arsenic. Basin Water will construct a network of systems to treat
the growing community�s 25 wells through 5 coagulation filtration
(CF) and 15 ion-exchange (IX) units featuring a unique mobile
regeneration capability. �After reviewing multiple options, we
chose Basin Water because they were the most responsive bidder and
offered a guaranteed process with single-source responsibility,�
said City Manager Brian Mickelsen. �They are applying multiple
technologies to our community�s wells but are doing so under an
agreement that uniformly guarantees service and operations.� The
city must meet new EPA standards requiring arsenic levels to be 10
parts per billion or less. The unanimous vote by Cottonwood City
Council was based in part on a recommendation from the city�s
engineering consultant Coe and Van Loo. Mr. Ken Knickerbocker,
Senior V.P., said, �We viewed the combination of IX and CF systems
as the most effective treatment choices for reducing arsenic levels
given the chemistry of Cottonwood�s water supply.� �Basin Water
holds a number of patents on the application of its technologies
and, since 2002, we have been selected to provide treatment and
service expertise on 57 systems nationwide,� said Mike Stark, Basin
Water�s President and COO. �Obviously, we�re very proud of this
latest agreement and will bring Cottonwood residents a reliable,
worry-free source of drinking water. We�re engaging in a long-term
partnership with the City of Cottonwood that guarantees a reliable
source and quality of water. In addition, Basin Water is committed
to provide services which ensure the efficient operation of the
treatment units.� Stark said all 20 systems will be phased in
throughout the year to meet the EPA�s standards by year-end 2007.
About Basin Water Basin Water, Inc. designs, builds and implements
systems for the treatment of contaminated groundwater, providing
reliable sources of drinking water for many communities. Basin
Water has developed a proprietary, scalable-ion-exchange wellhead
treatment system that reduces groundwater contamination levels in
an efficient, flexible and cost effective manner. Additional
information may be found on the company�s web site:
www.basinwater.com. Forward-Looking Statements This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements,
including expectations relating to future revenues and income, the
company's ability to gain new business and control costs, involve
risks and uncertainties, as well as assumptions that, if they prove
incorrect or never materialize, could cause the results of the
company to differ materially from those expressed or implied by
such forward-looking statements. Actual results may differ
materially from these expectations due to various risks and
uncertainties, including: the company�s limited operating history,
significant fluctuations in its revenues from period to period, its
ability to effectively manage its growth, the success of the
company�s strategic partners, its long sales cycles, market
acceptance of its technology, the geographic concentration of its
operations and customers, its ability to meet customer demands and
compete technologically, the company�s ability to protect its
intellectual property, regulatory approvals of the company�s
systems, changes in governmental regulation that may affect the
water industry, particularly with respect to environmental laws and
the company�s ability to manage its capital to meet future
liquidity needs. More detailed information about these risks and
uncertainties are contained in the company's filings with the
Securities and Exchange Commission, including the company's Form
S-1 and Quarterly Reports filed on Form 10-Q. The company assumes
no obligation to update these forward-looking statements to reflect
any change in future events.
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