California Water Service Company, Salinas District Contracts Basin Water for Nitrate Removal Program
March 26 2008 - 8:30AM
Business Wire
Basin Water Inc. (NASDAQ:BWTR), announced the finalization of a
ten-year technology+services agreement with California Water
Service Company (Cal Water) in its Salinas District for the removal
of nitrates from groundwater at the District�s 65-01 well site. The
Basin Water proprietary high-efficiency ion exchange treatment
system currently in preparation for the site will be the seventh
system installed for Cal Water in this heavily agricultural
district. Like Salinas� other Basin Water systems, this
installation will be managed under an agreement that guarantees
system performance on the basis of treated water volume and
effluent compliance. In addition to guaranteed performance, the new
system will generate low waste rates, maximize water recovery and
accommodate the district�s need to fit the new treatment capacity
into a minimal footprint at the well-head. According to Orlando
Carre�o, Vice President, West Region for Basin Water, the new
contract underlines not only the continuing success of Basin
Water�s relationship with Cal Water in Salinas but also the value
that is delivered via the technology+services business model.
�California Water Service Company was one of the first water
providers in the United States to recognize the value that Basin
Water technology+services provide and we are very proud that our
relationship has grown with each passing year,� Carre�o said. �Cal
Water is at the leading-edge of a phenomenon that we expect to see
grow throughout the West and across the United States as
communities face new and increasingly stringent water quality
regulations in an environment where economic and personnel
resources are limited. At Basin Water, we believe we are up to the
challenge of helping them meet their goals,� he continued.
Companies continue 6-year �partnership� relationship Cal Water is
one of six subsidiaries of California Water Service Group, one of
the largest investor-owned, U.S.-based water utilities in the
nation. Cal Water serves nearly 2 million people through
approximately 461,000 connections and utilizing nearly 900 wells.
The Salinas District is 100% dependent on groundwater sources, and
faces a constant threat from both nitrate contamination and
saltwater intrusion. The 65-01 site, like all of Basin Water�s
other installations with Cal Water Salinas, will be a turnkey
installation in which Basin Water assists the district with
California Department of Public Health permitting and provides all
treatment equipment and associated connections, piping, wiring,
startup and commissioning services, followed by full operation and
maintenance of the unit for a ten-year period. The ten-year
agreement features guaranteed cost of equipment and operation and
represents a lowest life-cycle solution for the District. Basin
Water employs a full-time dedicated technician in the Salinas
District to provide these services at all seven installations.
Start-up of the new system is expected to take place in spring
2008. �At Cal Water, water quality is our highest priority, and we
look forward to working with the Basin Water team on this important
project,� said Assistant District Manager Mike Jones. �Basin Water
has been an important partner to the Salinas District for six
years, and we�re happy to continue the relationship,� he added.
About Basin Water Basin Water, Inc. is a provider of reliable,
long-term process solutions for a range of clients, which includes
designing, building and implementing systems for the treatment of
contaminated groundwater, the treatment of wastewater, waste
reduction and resource recovery. Basin Water employs treatment
technologies including its own proprietary, scalable ion-exchange
wellhead treatment system, along with a host of other treatment
technologies designed to meet customer needs 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
operating losses associated with certain of the company's
contracts, the company's ability to identify and consummate other
acquisition opportunities that improve the company's revenues and
profitability, 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, the company's ability to attract and retain
qualified personnel and management members, the company's ability
to manage its capital to meet future liquidity needs, changes in
the board of directors and the timing of the company's stock
repurchases, if any. 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 Annual
Report on Form 10-K for the year ended December 31, 2007. The
company assumes no obligation to update these forward-looking
statements to reflect any change in future events.
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