Seven Seas Water Announces Execution of Water Agreement in Anguilla
TAMPA, Fla., Oct. 4, 2018 /PRNewswire/ -- 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 entered into an agreement with the Water Corporation of Anguilla, the public water utility of Anguilla, to supply potable water under a 10-year contract. Water production, which will commence immediately, will be at an initial capacity of 500 thousand gallons per day and expand to 750 thousand gallons per day within the first several months of commencement. The agreement provides for an additional expansion for a total design capacity of 1 million gallons per day during the term.
Doug Brown, Chairman and CEO of AquaVenture Holdings, commented: "We are excited to announce the execution of this agreement, which expands our base facilities into Anguilla and increases our customer density in the Caribbean. We look forward to becoming a long-term partner to the Water Corporation of Anguilla for water treatment services."
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 U.S.-based provider of Point-of-Use, or POU, filtered water systems and related services to approximately 45,000 institutional and commercial customers; 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 and wastewater reuse services for governmental, municipal, industrial and hospitality customers. Our solutions utilize reverse osmosis and other purification technologies to produce potable and high purity industrial process water for customers operating in regions with limited access to potable water. Seven Seas Water is a leading provider of water to the Caribbean market and currently operates throughout the Caribbean and South America, while pursing new opportunities in North America, South America and other select markets.
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Investors Hotline: 855-278-WAAS (9227)
SOURCE AquaVenture Holdings Limited
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