Consolidated Water Announces Agreement to Construct Wastewater Treatment Plant in Arizona
May 17 2022 - 4:30PM
Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a
leading developer and operator of advanced water supply and
treatment plants, announced today that its subsidiary PERC Water
Corporation (“PERC”) has entered into an agreement to construct and
commission a four million gallon per day wastewater treatment
facility for Liberty Utilities (Litchfield Park Water & Sewer)
Corp. (“Liberty”), which will be located in Goodyear, Arizona.
The construction and commissioning fee for the Plant is
approximately $82 million, and the Plant is scheduled to be
completed in approximately 26 months.
“We are very appreciative and honored that Liberty has selected
us for this project,” commented PERC’s president, Nate Owen. “This
new facility will help to address the increasing demand in
Liberty’s service territory throughout Goodyear, Litchfield Park,
Palm Valley, and the 303 corridor as these areas have experienced
significant residential and commercial growth over the past decade.
The new facility will assist Liberty in providing additional
reclaimed water for important uses, such as irrigation, which will
offset and conserve millions of gallons of potable water for human
consumption and domestic purposes.”
About Consolidated Water Co. Ltd.Consolidated
Water Co. Ltd. develops and operates advanced water supply and
treatment plants and water distribution systems. The company
operates water production facilities in the Cayman Islands, The
Bahamas and the British Virgin Islands and operates water treatment
facilities in the United States. The company also manufactures and
services a wide range of products and provides design, engineering,
management, operating and other services applicable to commercial
and municipal water production, supply and treatment, and
industrial water and wastewater treatment. For more information,
visit www.cwco.com.
Cautionary Note Regarding Forward-Looking
StatementsThis press release includes statements that may
constitute "forward-looking" statements, usually containing the
words "believe", "estimate", "project", "intend", "expect",
"should", "will" or similar expressions. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Factors that would cause or contribute to such differences include,
but are not limited to (i) continued acceptance of the company's
products and services in the marketplace; (ii) changes in its
relationships with the governments of the jurisdictions in which it
operates; (iii) the outcome of its negotiations with the Cayman
government regarding a new retail license agreement; (iv) the
collection of its delinquent accounts receivable in the Bahamas;
(v) the possible adverse impact of the COVID-19 virus on the
company’s business; and (vi) various other risks, as detailed in
the company's periodic report filings with the Securities and
Exchange Commission (“SEC”). For more information about risks and
uncertainties associated with the company’s business, please refer
to the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and “Risk Factors” sections of the
company’s SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q, copies of
which may be obtained by contacting the company’s Secretary at the
company’s executive offices or at the “Investors – SEC Filings”
page of the company’s website at http://ir.cwco.com/docs. Except as
otherwise required by law, the company undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
Company Contact:David W. SasnettExecutive Vice
President and CFOTel (954) 509-8200dsasnett@cwco.com
Investor Relations ContactRon Both or Justin
LumleyCMATel (949) 432-7566Email Contact
Media Contact:Tim RandallCMATel (949)
432-7572Email Contact
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