BWTR Basin Water (MM)

Basin Water, Inc. (NASDAQ:BWTR) announced the execution of an agreement with Water & Earth Science Associates Ltd. (WESA) (Toronto) to provide process design and equipment for mining water treatment at a site in northeastern Ontario, Canada. This agreement represents Basin Water�s first large order in the industrial market following the acquisition and integration of Mobile Process Technologies, Co. last year. According to Michael M. Stark, President and Chief Executive Officer of Basin Water, the WESA agreement signals progress in Basin Water�s strategy to bring a new dimension of water treatment technology, expertise and service to the industrial sector. �Our acquisition of Mobile Process Technologies, Co. (MPT) in September 2007 gave us a substantial platform from which to offer advanced technology+services solutions to the industrial market,� Stark said. �Our agreement with WESA represents Basin Water�s first major project in the mining water treatment market � an industry that we believe our technology and expertise will allow us to serve particularly well. Basin Water now has the resources in place to deliver water treatment solutions to the mining industry and other industrial sectors. As in our municipal business, we will be offering our industrial customers superior technology and a proven pay-for-performance business model that provides them with guaranteed results at low lifecycle costs,� he added. A new ion exchange treatment system has been designed and validated via testing by Basin Water personnel to meet the needs of the project. It will be built by Basin Water and installed by WESA. The system will be delivered to the site in Q3. According to Robert Gorgol, Vice President Industrial Operations, the project demonstrates the capability of Basin Water to undertake projects for the mining industry. �In recent years, a robust commodities market, combined with supply shortfalls and record prices for certain metals have led to stepped-up production for many mining operations. Increased production has also intensified the need for water treatment technology and systems,� Gorgol stated. �With our strong process technology base and distinctive approach to system design and deployment, we have the ability to offer the mining industry solutions to their water treatment requirements that fit well within their existing operations and deliver low lifecycle costs,� he added. Teamwork is critical to timing and results According to Harry Marshall, President of WESA, the relationship between Basin Water�s technology+services partnership approach and his own company�s quality policy made for an excellent fit. �At WESA, we believe that the responsibility for quality is shared by all the participants in a project. This means that in order to deliver the best product we can to our clients, we all need to work together closely and maintain quality every step of the way. Basin Water has been an ideal partner in the development, design and testing of this system. This gives us confidence that the installation process will go smoothly and that our client�s needs will be reliably met by this system,� Marshall said. 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 and subsequent Quarterly Reports on Form 10-Q. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.