Consolidated Water’s PERC Water Wins 10-Year, $49.2 Million Contract from Water Replenishment District of Southern California
October 24 2022 - 12:10PM
Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a
leading developer and operator of advanced water supply and
treatment plants, has been awarded an expanded contract to operate
and maintain two advanced water treatment facilities in Southern
California.
The contract was secured by the company’s California-based
subsidiary, PERC Water Corporation, which develops, designs,
builds, operates and manages water infrastructure facilities in the
Southwestern U.S. The new contract includes the Albert Robles
Center for Water Recycling & Environmental Learning (ARC) in
Pico Rivera, California, and the Leo J. Vander Lans Advanced Water
Treatment Facility (LVL) in Long Beach, California.
PERC currently operates the two facilities under an agreement
that expires at the end of the year. The new contract increases the
scope of work to include asset management, increased compliance
monitoring and plant optimization. The new contract begins at the
start of 2023 and continues for 10 years with two optional 5-year
extensions. The first 10 years of the contract is valued at $49.2
million.
“This major win resulted from the tremendous work and dedication
of our entire operating team over the last several years,” stated
PERC Water’s president, Nathan Owen. “We will continue to provide
our client and the communities serviced by these facilities the
highest level of water quality.”
PERC was a member of the design-build team for ARC in 2018, and
then continued to operate and maintain the plant which purifies
nearly 15 million gallons per day. ARC is owned by the Water
Replenishment District of Southern California. The facility
features a fully advanced treatment process of ultrafiltration,
reverse osmosis and ultraviolet advanced oxidation process (UVAOP)
that purifies water for regional groundwater replenishment.
PERC began operating the LVL facility in April 2020. It is
designed to produce over 8 million gallons per day of treated water
through a fully advanced treated process consisting of
microfiltration, reverse osmosis and UV advanced oxidation
According to Consolidated Water CEO, Rick McTaggart: “This
milestone win is PERC’s longest-term contract and represents a
significant affirmation of the world-class operation services and
asset management that PERC provides. As such, we anticipate this
win will support our plans to continue growing this area of our
business in the Western U.S., which is currently experiencing
unprecedented drought conditions.”
About Albert Robles Center for Water Recycling &
Environmental LearningThe Albert Robles Center for Water
Recycling & Environmental Learning purifies 10,000 acre-feet of
water per year which is used for regional groundwater
replenishment. The treatment facility, which became operational in
2019, uses an advanced treatment three-step process of
ultrafiltration, reverse osmosis, and ultraviolet light with
advanced oxidation to purify up to 14.8 million gallons per day of
tertiary treated water sourced from the Los Angeles County
Sanitation Districts’ San Jose Creek Water Reclamation Plant.
Reclaimed water, which would have otherwise been discharged to
the ocean, is further purified at ARC and is utilized for
groundwater replenishment along with other reclaimed sources at the
L.A. County owned and operated Montebello Forebay Spreading
Grounds. This solution reduces the regional strain on imported
water supplies and prevents excessive loss of freshwater to the
ocean. To learn more about ARC, visit wrd.org/ARC.
About Leo J. Vander Lans Advanced Water Treatment
FacilityLocated in the City of Long Beach, the Leo J.
Vander Lans Advanced Water Treatment Facility was built in 2003 and
expanded in 2014. This facility is designed to produces 8 million
gallons per day of advanced-treated water through a three-stage
treatment process consisting of microfiltration, reverse osmosis
and disinfection with advanced oxidation. It provides advanced
treated water for the Alamitos Barrier in Long Beach and plays a
vital role in the Central Groundwater Basin. To learn more, go to
wrd.org.
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.
Except for statements of historical fact, the information contained
herein constitutes forward-looking statements and includes, but is
not limited to, (i) the expected performance of the Company under,
and successful completion of, the contract, (ii) the projected
revenues to be received by the Company in connection with the
contract. 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.comInvestor Relations
ContactRon Both or Grant StudeCMATel (949) 432-7566Email
ContactMedia Contact:Tim RandallCMATel (949)
432-7572Email Contact
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