Seven Seas Water Announces Extension of Water Supply Agreement in The Bahamas
August 26 2019 - 8:00AM
Business Wire
Seven Seas Water, an operating segment of AquaVenture Holdings
Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in
Water-as-a-Service® (“WAAS®”) solutions, today announced that it
has extended its agreement with its customer in The Bahamas by 9
years. Under this agreement, the Company will continue delivering
potable water and wastewater treatment services to the Emerald Bay
development in Great Exuma, The Bahamas. In addition, the Company
will be performing certain equipment upgrade services for the
customer.
Olaf N. Krohg, CEO of Seven Seas Water, commented: “We are
pleased to announce the execution of this agreement, which extends
our relationship with a valued customer we have served since 2009.
This is our second contract extension and exemplifies the long-term
relationships we seek to develop with our customers. We look
forward to continuing to provide high levels of service under this
contract for the next decade.”
About AquaVenture
AquaVenture is a multinational provider of WAAS® solutions that
provide customers a reliable and cost-effective source of clean
drinking and process water primarily under long-term contracts that
minimize capital investment by the customer. AquaVenture is
composed of two operating platforms: Quench, a leading provider of
filtered water systems and related services with approximately
150,000 units installed at institutional and commercial customer
locations across the U.S. and Canada; and Seven Seas Water, a
multinational provider of desalination and wastewater treatment
solutions, providing more than 8.5 billion gallons of potable, high
purity industrial grade and ultra-pure water per year to
governmental, municipal, industrial and hospitality customers.
About Seven Seas Water
Seven Seas Water offers WAAS® solutions by providing outsourced
desalination, wastewater treatment and water reuse solutions for
governmental, municipal (including utility districts), industrial,
property developer and hospitality customers. Our desalination
solutions utilize seawater reverse osmosis and other purification
technologies to produce potable and high purity industrial process
water in high volumes for customers operating in regions with
limited access to potable water. Our wastewater treatment and water
reuse solutions include scalable modular treatment plants,
field-erected treatment plants and temporary bypass plants that are
used by our customers to treat and convert wastewater into effluent
or reclaimed water prior to being released back into the
environment.
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