Water Stocks; Energy Recovery Inc’s (NASDAQ: ERII) Pump Engineering Triumphs with Distinction Award for Water Technology Company of the Year
Industry-Leading Energy Recovery Devices Lauded for Innovative Global Desalination Application; Energy Recovery also Recognized as Integral to the Desalination Plant of the Year
SAN LEANDRO, Calif.--(Investorideas.com water stocks newswire )--Energy Recovery Inc (NASDAQ: ERII), a leader in the design and development of energy recovery devices for desalination, today announced that Pump Engineering (acquired by Energy Recovery in 2009) received the Distinction Award in the Water Technology Company of the Year category as part of the Global Water Intelligence Global Water Awards 2010. Energy Recovery was also recognized as part of the Desalination Plant of the Year Award for the inclusion of the company’s industry-leading PX Pressure Exchanger™ (PX™) energy recovery devices as an integral component at the Barcelona-Llobregat desalination plant in Spain.
“The Global Water Awards recognize industry visionaries and technology innovators, highlighting those companies and projects that set the standard for the global water industry to follow”
.“The 2010 Global Water Awards represent a crowning achievement for Energy Recovery from both a business and a technology perspective,” said G.G. Pique, president and CEO of Energy Recovery Inc. “The recognition of Pump Engineering as the Distinction Award winner in the Water Technology Company of the Year category further validates the significance of that strategic acquisition, and the Barcelona-Llobregat desalination plant being selected as the Desalination Plant of the Year demonstrates just how vital our PX devices are to the success of a seawater reverse osmosis (SWRO) desalination facility. We are grateful to Global Water Intelligence and the entire international water industry for their continued recognition of Energy Recovery as a global industry business and technology leader.”
The Global Water Intelligence Global Water Awards recognize the most significant achievements in the global water industry during the past year, and the Water Technology Company of the Year acknowledges the company that has made the most significant contribution in the field of water technology. Pump Engineering, a leading provider of centrifugal turbine energy-saving technology for seawater and brackish desalination applications, was selected as the Distinction Award winner for its considerable achievements in 2009, including doubling global market share and securing a contract for its energy recovery devices at the Magtaa desalination plant in Algeria. Pump Engineering’s success in 2009 culminated in the December acquisition by Energy Recovery Inc, creating one of the industry’s most comprehensive portfolios of energy recovery devices and fluid processing systems for SWRO desalination as well as for oil and gas processing.
In addition, Energy Recovery was also recognized for the integration of its PX devices into the Barcelona-Llobregat desalination plant, the winner of the Desalination Plant of the Year Award. Producing 200,000 m3/day of potable water for metropolitan Barcelona, the SWRO facility is the largest in Europe. By reducing the energy consumed during the SWRO desalination process by up to 60 percent, Energy Recovery is helping the Barcelona-Llobregat and other global facilities cost-effectively produce fresh, clean water.
“The Global Water Awards recognize industry visionaries and technology innovators, highlighting those companies and projects that set the standard for the global water industry to follow,” said Christopher Gasson, publisher of Global Water Intelligence. “Energy Recovery and Pump Engineering have long been two of the industry’s established leaders, so it is no surprise that the combined entity has been acknowledged for its cutting-edge technology achievements as well as for the practical application of its solutions. We applaud Energy Recovery and look forward to continued success from the company in 2010 and beyond.”
Energy Recovery's PX devices operate at up to 98 percent efficiency and reduce the energy consumption of SWRO systems by up to 60 percent, making desalination a cost-effective solution for clean water supply. PX devices also reduce the carbon footprint of desalination, saving more than 900 MW of energy and reducing CO2 emissions by more than 4.7 million tons per year worldwide. More than 10,000 of Energy Recovery’s devices are currently deployed or under contract to be installed at desalination plants across the globe. For more information about Energy Recovery's PX Pressure Exchanger technology, visit http://www.energyrecovery.com or send an email to info@energyrecovery.com.
About Energy Recovery Inc
Energy Recovery Inc (NASDAQ:ERII) designs and develops energy recovery devices that help make desalination affordable by significantly reducing energy consumption. Energy Recovery technologies include the PX Pressure Exchanger™ (PX™) device for desalination and the Turbocharger hydraulic turbine energy recovery device and pumps for desalination, gas and liquid processing applications. In total, Energy Recovery helps reduce CO2 emissions by more than 4.7 million tons per year and produce 1.6 billion gallons of potable water per day. The company is headquartered in the San Francisco Bay Area with offices in Detroit and in key desalination centers worldwide, including Madrid, Shanghai and the United Arab Emirates. For more information about Energy Recovery Inc, please visit www.energyrecovery.com.
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more water stocks info:
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews. Visit the water stocks directory to research publicly traded water companies: http://www.investorideas.com/Water-Stocks/Stock_List.asp
Wednesday, April 28, 2010
Saturday, April 17, 2010
Water Stocks; Watts Water Technologies, Inc.(NYSE :WTS) Completes Acquisition of Blue Ridge Atlantic Enterprises
Water Stocks; Watts Water Technologies, Inc.(NYSE :WTS) Completes Acquisition of Blue Ridge Atlantic Enterprises
NORTH ANDOVER, Mass.--(http://www.investorideas.com/ water stocks newswire )-Watts Water Technologies, Inc. (NYSE :WTS) announced today that it completed the acquisition of Blue Ridge Atlantic Enterprises (BRAE) in a share purchase transaction.
BRAE is a leading provider of engineered rain water harvesting solutions and addresses the commercial, industrial and residential markets. BRAE’s rain water harvesting systems are an integral part of the Green movement to conserve water and can contribute up to 30% of LEED points available for Green buildings.
The acquisition of BRAE is a positive addition to the Watts Drainage platform as it expands our product offering and provides Watts with a source of expert knowledge for national and local codes. BRAE has annual revenues of approximately $2 Million.
Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.
Contacts
Watts Water Technologies, Inc.
William C. McCartney, 978-688-1811
Fax: 978-688-2976
_______________________________________
More water stocks info :
Investorideas.com and http://www.water-stocks.com/ are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
NORTH ANDOVER, Mass.--(http://www.investorideas.com/ water stocks newswire )-Watts Water Technologies, Inc. (NYSE :WTS) announced today that it completed the acquisition of Blue Ridge Atlantic Enterprises (BRAE) in a share purchase transaction.
BRAE is a leading provider of engineered rain water harvesting solutions and addresses the commercial, industrial and residential markets. BRAE’s rain water harvesting systems are an integral part of the Green movement to conserve water and can contribute up to 30% of LEED points available for Green buildings.
The acquisition of BRAE is a positive addition to the Watts Drainage platform as it expands our product offering and provides Watts with a source of expert knowledge for national and local codes. BRAE has annual revenues of approximately $2 Million.
Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.
Contacts
Watts Water Technologies, Inc.
William C. McCartney, 978-688-1811
Fax: 978-688-2976
_______________________________________
More water stocks info :
Investorideas.com and http://www.water-stocks.com/ are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Monday, April 5, 2010
Water News; Shrinking Aral Sea underscores need for urgent action on environment – Ban
Water News; Shrinking Aral Sea underscores need for urgent action on environment – Ban
Secretary-General Ban Ki-moon on visit to the Aral Sea
http://www.un.org/
Investorideas.com water stocks newswire - 4 April 2010 – Secretary-General Ban Ki-moon on Sunday witnessed one of the world's worst environmental disasters as he flew over the shrinking Aral Sea – a sight which he said underscores the need for collective action to save the planet's resources.
The Aral Sea, once the world's fourth largest lake, has in recent decades shrunk in size by more than 70 per cent after tributary rivers were diverted for irrigation projects. The salinity of the region's soil has soared and the area is also heavily polluted.
“It was shocking,” Mr. Ban told reporters in Nukus after a helicopter tour of the area with Prime Minister Shavkat Mirziyoyev of Uzbekistan, the latest stop on his visit to Central Asia.
“It is clearly one of the worst environmental disasters of the world... It really left with me a profound impression, one of sadness that such a mighty sea has disappeared,” he stated.
The Secretary-General said that, standing on the shores of a vanished sea, he could not see anything except a “cemetery of ships marooned in the sand.” As a result of the disaster, people are getting sick, the land is poisoned, and storms blow dust and salt as far as the North Pole.
“It was a vivid testament to what [...] happens [...] when we waste our common natural resources, when we neglect our environment, when we mismanage our environment.”
Speaking later at an official dinner in the capital, Tashkent, the Secretary-General noted that the aerial tour reminded him of flying over Africa's Lake Chad in 2008. “It, too, has shrunk to a small fraction of its former size, with disastrous effects on millions of people.
“I think this is a collective responsibility, not only for the nations of Central Asia but the whole world,” he said. “I was very encouraged by what I learned? all the measures the Government is taking to deal with the effects of the disaster.”
Mr. Ban voiced appreciation for the international fund for saving the Aral Sea which was initiated by the five leaders of Central Asia, and pledged the UN's assistance for their efforts.
“We should become better stewards in managing the environment,” Mr. Ban stated. “We must deliver this Planet Earth to our succeeding generations, so that they can live in a more hospitable, in a more environmentally sustainable way.
“That is a moral and political imperative,” he stressed.
While in Tashkent, the Secretary-General will meet tomorrow with President Islam Karimov and deliver a lecture at the University of World Economy and Diplomacy.
Mr. Ban's first official visit to Central Asia since becoming UN chief also included stops in Turkmenistan and Kyrgyzstan, and will take him next to Tajikistan and Kazakhstan.
Source http://www.un.org/apps/news/story.asp?NewsID=34276&Cr=Central+Asia&Cr1=
____________________________________________________
Investing in water info:
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Secretary-General Ban Ki-moon on visit to the Aral Sea
http://www.un.org/
Investorideas.com water stocks newswire - 4 April 2010 – Secretary-General Ban Ki-moon on Sunday witnessed one of the world's worst environmental disasters as he flew over the shrinking Aral Sea – a sight which he said underscores the need for collective action to save the planet's resources.
The Aral Sea, once the world's fourth largest lake, has in recent decades shrunk in size by more than 70 per cent after tributary rivers were diverted for irrigation projects. The salinity of the region's soil has soared and the area is also heavily polluted.
“It was shocking,” Mr. Ban told reporters in Nukus after a helicopter tour of the area with Prime Minister Shavkat Mirziyoyev of Uzbekistan, the latest stop on his visit to Central Asia.
“It is clearly one of the worst environmental disasters of the world... It really left with me a profound impression, one of sadness that such a mighty sea has disappeared,” he stated.
The Secretary-General said that, standing on the shores of a vanished sea, he could not see anything except a “cemetery of ships marooned in the sand.” As a result of the disaster, people are getting sick, the land is poisoned, and storms blow dust and salt as far as the North Pole.
“It was a vivid testament to what [...] happens [...] when we waste our common natural resources, when we neglect our environment, when we mismanage our environment.”
Speaking later at an official dinner in the capital, Tashkent, the Secretary-General noted that the aerial tour reminded him of flying over Africa's Lake Chad in 2008. “It, too, has shrunk to a small fraction of its former size, with disastrous effects on millions of people.
“I think this is a collective responsibility, not only for the nations of Central Asia but the whole world,” he said. “I was very encouraged by what I learned? all the measures the Government is taking to deal with the effects of the disaster.”
Mr. Ban voiced appreciation for the international fund for saving the Aral Sea which was initiated by the five leaders of Central Asia, and pledged the UN's assistance for their efforts.
“We should become better stewards in managing the environment,” Mr. Ban stated. “We must deliver this Planet Earth to our succeeding generations, so that they can live in a more hospitable, in a more environmentally sustainable way.
“That is a moral and political imperative,” he stressed.
While in Tashkent, the Secretary-General will meet tomorrow with President Islam Karimov and deliver a lecture at the University of World Economy and Diplomacy.
Mr. Ban's first official visit to Central Asia since becoming UN chief also included stops in Turkmenistan and Kyrgyzstan, and will take him next to Tajikistan and Kazakhstan.
Source http://www.un.org/apps/news/story.asp?NewsID=34276&Cr=Central+Asia&Cr1=
____________________________________________________
Investing in water info:
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Monday, March 22, 2010
Water- Stocks.com Presents Q&A Interview with Middlesex Water Company (NASDAQ:MSEX) for World Water Day
Water- Stocks.com Presents Q&A Interview with Middlesex Water Company (NASDAQ:MSEX) for World Water Day
Point Roberts WA, DELTA, BC –March 22, 2010 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents an interview with Mr. Dennis W. Doll , Vice Chairman, President and Chief Executive Officer of Middlesex Water Company (NASDAQ:MSEX) following the theme of World Water Day, March 22nd.
Water- Stocks.com Interview with Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer of Middlesex Water Company (NASDAQ:MSEX)
Q- Dawn Van Zant at Water-stocks.com
UN-Water has chosen ''Clean Water for a Healthy World" as the theme for World Water Day 2010. For investors that don’t know the history of Middlesex Water Company, can you give us a summary of how your company has played a key role in the water industry in the past, leading up to your current position in the sector?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
The availability of a reliable supply of clean, safe drinking water is a major concern both on the global stage and locally and it’s an issue we take very seriously at Middlesex Water Company. Our company was incorporated in 1897 as a water utility primarily serving customers in eastern Middlesex County, New Jersey. Over time, our business, as well as the areas in which we operate, has grown and evolved. In addition to establishing a solid retail and wholesale revenue base in New Jersey, we entered into a public private partnership agreement with a major New Jersey city in 1998. We acquired other water and wastewater companies in New Jersey, and in 1992 expanded to Delaware where we acquired a 2,400 customer system which has since grown to more than 40,000 customers. We entered the regulated wastewater business in Delaware in 1995 (a key growth driver for the Company) and also added numerous additional water and wastewater contract operations to our portfolio. Presently, we are largely a New Jersey and Delaware company which just recently expanded its footprint to Pennsylvania through the acquisition of assets of a small system in that state. We differentiate ourselves from our peers in the industry in that we are one company offering developers, municipalities and small system owners a complete suite of services which includes water production and treatment, wastewater collection and treatment, full service contract operations and design/build/ownership and operation of assets. We are capable of providing these services as either a regulated utility or as a contract operator. We implement whatever business model best balances all the needs of the prospective customer. We have increasingly demonstrated our ability to grow the business profitably and we have the technical and operational expertise, financing capability and solutions-based philosophy that addresses present and future water and wastewater challenges.
Q- Dawn Van Zant at Water-stocks.com
In previous interviews on our site, water expert Mr. William Brennan noted that, “Water stocks are not recession proof but are recession resistant. “ In line with that, your corporate dividend history for investors is impressive, paying dividends since 1912. Can you explain some of the factors influencing performance of water stocks and expand on your dividend history to investors?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
No one can argue that water is essential to life. In that regard, the growing opportunities in this industry through public private partnerships and outright sale of municipal assets, the need for long term investment to upgrade water infrastructure, the regulated utility business model and our growth profile, suggest that Middlesex Water could be an essential part of an investment portfolio for investors seeking reasonable and steady growth in earnings per share. While weather and the ability to obtain recovery through the regulatory framework of investments in utility infrastructure impact sector performance, we are well positioned to grow the company through organic growth (adding customers to new or existing systems), strategic and profitable acquisitions, regulated and non-regulated operating contracts and complementary products and services. Investors are also compelled by our robust dividend yield and Dividend Reinvestment and Stock Purchase plans. Middlesex Water has paid quarterly dividends for 97 years, and, in 2009, increased its dividend for the 37th consecutive year. We are proud of this strong dividend history, our record as a Mergent Dividend Champion and understand the importance of this dividend to our shareholders.
Q- Dawn Van Zant at Water-stocks.com
Water conservation and usage is a key issue in addressing global water issues. Middlesex Water Company just announced joining with the U.S. Environmental Protection Agency's (EPA's) WaterSense® program in promoting "Fix a Leak Week," March 15 through 21, 2010 to encourage residents to check household plumbing fixtures and irrigation systems for leaks. Can you expand on this initiative and others your company is involved in?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
Water is a renewable resource and we are fortunate to enjoy an adequate supply of water in the areas in which we do business. But to ensure the availability of such resources well into the future we constantly encourage our customers to use water wisely. Our ongoing partnership with the Environmental Protection Agency’s WaterSense Program, of which Fix a Leak Week is one initiative, helps us to educate our customers about how to decrease indoor and outdoor water use through simple water-saving practices, available on our website www.middlesexwater.com, and WaterSense labeled water-efficient products. By the very nature of our business, we are an environmental steward, advocating for the protection of our watershed areas and the preservation of our natural resources. The Company is very involved in outreach to customers, local schools and municipal officials and in 2009 received recognition as a Green Leadership Award winner for its education efforts and commitment to renewable energy. We power 10% of the energy needs of our largest treatment plan in New Jersey with an onsite solar energy system, a demonstrated commitment to sustainable business practices, which gained our Company recognition as an Outstanding Green Business Leader in 2008. Electric power is one of the largest line-item costs for a water utility due to the fact that it requires a great deal of energy to treat water and to transport it over long distances through our distribution system. We are grateful that this successful project not only reduces operating costs but also, makes a contribution toward protecting our environment. Other initiatives include an active leak detection program, an ongoing effort to improve our business processes and use of technology, and our main cleaning and lining program, which is designed to cost-effectively upgrade our water infrastructure including water mains, valves and hydrants. These efforts are designed to improve services to our customers and improve shareholder value.
Q- Dawn Van Zant at Water-stocks.com
As a closing note, we frequently ask industry leaders in the water sector to address the critical need to pay attention to water investment in the cleantech space. Ceres.Org, released a report last year, “Water Scarcity & Climate Change: Growing Risks for Businesses & Investors", noting that water is an area that needs more attention. Can you give us your thoughts on this an executive in the industry?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
As municipalities wrestle with increasing fiscal challenges, aging utility infrastructure, increasingly stringent water quality regulations and a transitioning workforce, the need to ensure the continual delivery of a reliable supply of safe drinking water will grow more complex, challenging and critical. While this presents opportunities for the investor-owned sector and therefore, opportunities for appropriate shareholder returns, it also highlights the need to better educate customers and residents about the true cost of providing reliable water and wastewater service, and the importance of infrastructure upgrades and replacement. Interest in the water space has continued to grow in recent years, both domestically and internationally. Regardless of the size and scope of any individual water system, we view this as a very local business, that directly influences the health and welfare of the residents served as well as the local economy. We believe strongly in the importance of maintaining relationships with our customers, local officials and regulators, ensuring our employees possess the tools and training to deliver quality service and providing solutions to municipalities and developers seeking answers to their water and wastewater challenges. Our strength lies in our expertise, our people and our vision for growth and these will contribute to shareholder value.
About Middlesex Water Company
Incorporated as a water utility in 1897, Middlesex Water Company (NASDAQ:MSEX) provides a full range of regulated and non-regulated water, wastewater utility and related services in parts of New Jersey, Delaware and Pennsylvania. Middlesex Water engages in collecting, treating, distributing and selling water for domestic, commercial, municipal industrial and fire protection purposes.
Visit the Middlesex Water Company (NASDAQ:MSEX) Showcase Profile on Investorideas.com and Water-stocks.com: http://www.investorideas.com/CO/MSEX/
For More info on World Water Day- Visit: www.worldwaterday.org
About Water-stocks.com Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space.
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts, interviews and a directory of public companies within the water sector.
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml.
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Middlesex Water Company (NASDAQ:MSEX) is an advertising showcase company on water-stocks.com and Investorideas.com. Please read compensation disclosure links below.
Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies MSEX, news submissions and online advertising. Compensation Disclosure and disclaimers: www.InvestorIdeas.com/About/Disclaimer.asp, http://www.investorideas.com/About/News/Clientspecifics.asp
For more info on Middlesex Water Company (NASDAQ:MSEX)
Bernadette M. Sohler
Vice President - Corporate Affairs
Bsohler@middlesexwater.com
732-638-7549
For More info on Water-stocks.com
Contact:
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com http://www.water-stocks.com/
Source: Water-Stocks.com, Investorideas.com
__________________________________________________
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Point Roberts WA, DELTA, BC –March 22, 2010 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents an interview with Mr. Dennis W. Doll , Vice Chairman, President and Chief Executive Officer of Middlesex Water Company (NASDAQ:MSEX) following the theme of World Water Day, March 22nd.
Water- Stocks.com Interview with Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer of Middlesex Water Company (NASDAQ:MSEX)
Q- Dawn Van Zant at Water-stocks.com
UN-Water has chosen ''Clean Water for a Healthy World" as the theme for World Water Day 2010. For investors that don’t know the history of Middlesex Water Company, can you give us a summary of how your company has played a key role in the water industry in the past, leading up to your current position in the sector?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
The availability of a reliable supply of clean, safe drinking water is a major concern both on the global stage and locally and it’s an issue we take very seriously at Middlesex Water Company. Our company was incorporated in 1897 as a water utility primarily serving customers in eastern Middlesex County, New Jersey. Over time, our business, as well as the areas in which we operate, has grown and evolved. In addition to establishing a solid retail and wholesale revenue base in New Jersey, we entered into a public private partnership agreement with a major New Jersey city in 1998. We acquired other water and wastewater companies in New Jersey, and in 1992 expanded to Delaware where we acquired a 2,400 customer system which has since grown to more than 40,000 customers. We entered the regulated wastewater business in Delaware in 1995 (a key growth driver for the Company) and also added numerous additional water and wastewater contract operations to our portfolio. Presently, we are largely a New Jersey and Delaware company which just recently expanded its footprint to Pennsylvania through the acquisition of assets of a small system in that state. We differentiate ourselves from our peers in the industry in that we are one company offering developers, municipalities and small system owners a complete suite of services which includes water production and treatment, wastewater collection and treatment, full service contract operations and design/build/ownership and operation of assets. We are capable of providing these services as either a regulated utility or as a contract operator. We implement whatever business model best balances all the needs of the prospective customer. We have increasingly demonstrated our ability to grow the business profitably and we have the technical and operational expertise, financing capability and solutions-based philosophy that addresses present and future water and wastewater challenges.
Q- Dawn Van Zant at Water-stocks.com
In previous interviews on our site, water expert Mr. William Brennan noted that, “Water stocks are not recession proof but are recession resistant. “ In line with that, your corporate dividend history for investors is impressive, paying dividends since 1912. Can you explain some of the factors influencing performance of water stocks and expand on your dividend history to investors?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
No one can argue that water is essential to life. In that regard, the growing opportunities in this industry through public private partnerships and outright sale of municipal assets, the need for long term investment to upgrade water infrastructure, the regulated utility business model and our growth profile, suggest that Middlesex Water could be an essential part of an investment portfolio for investors seeking reasonable and steady growth in earnings per share. While weather and the ability to obtain recovery through the regulatory framework of investments in utility infrastructure impact sector performance, we are well positioned to grow the company through organic growth (adding customers to new or existing systems), strategic and profitable acquisitions, regulated and non-regulated operating contracts and complementary products and services. Investors are also compelled by our robust dividend yield and Dividend Reinvestment and Stock Purchase plans. Middlesex Water has paid quarterly dividends for 97 years, and, in 2009, increased its dividend for the 37th consecutive year. We are proud of this strong dividend history, our record as a Mergent Dividend Champion and understand the importance of this dividend to our shareholders.
Q- Dawn Van Zant at Water-stocks.com
Water conservation and usage is a key issue in addressing global water issues. Middlesex Water Company just announced joining with the U.S. Environmental Protection Agency's (EPA's) WaterSense® program in promoting "Fix a Leak Week," March 15 through 21, 2010 to encourage residents to check household plumbing fixtures and irrigation systems for leaks. Can you expand on this initiative and others your company is involved in?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
Water is a renewable resource and we are fortunate to enjoy an adequate supply of water in the areas in which we do business. But to ensure the availability of such resources well into the future we constantly encourage our customers to use water wisely. Our ongoing partnership with the Environmental Protection Agency’s WaterSense Program, of which Fix a Leak Week is one initiative, helps us to educate our customers about how to decrease indoor and outdoor water use through simple water-saving practices, available on our website www.middlesexwater.com, and WaterSense labeled water-efficient products. By the very nature of our business, we are an environmental steward, advocating for the protection of our watershed areas and the preservation of our natural resources. The Company is very involved in outreach to customers, local schools and municipal officials and in 2009 received recognition as a Green Leadership Award winner for its education efforts and commitment to renewable energy. We power 10% of the energy needs of our largest treatment plan in New Jersey with an onsite solar energy system, a demonstrated commitment to sustainable business practices, which gained our Company recognition as an Outstanding Green Business Leader in 2008. Electric power is one of the largest line-item costs for a water utility due to the fact that it requires a great deal of energy to treat water and to transport it over long distances through our distribution system. We are grateful that this successful project not only reduces operating costs but also, makes a contribution toward protecting our environment. Other initiatives include an active leak detection program, an ongoing effort to improve our business processes and use of technology, and our main cleaning and lining program, which is designed to cost-effectively upgrade our water infrastructure including water mains, valves and hydrants. These efforts are designed to improve services to our customers and improve shareholder value.
Q- Dawn Van Zant at Water-stocks.com
As a closing note, we frequently ask industry leaders in the water sector to address the critical need to pay attention to water investment in the cleantech space. Ceres.Org, released a report last year, “Water Scarcity & Climate Change: Growing Risks for Businesses & Investors", noting that water is an area that needs more attention. Can you give us your thoughts on this an executive in the industry?
A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)
As municipalities wrestle with increasing fiscal challenges, aging utility infrastructure, increasingly stringent water quality regulations and a transitioning workforce, the need to ensure the continual delivery of a reliable supply of safe drinking water will grow more complex, challenging and critical. While this presents opportunities for the investor-owned sector and therefore, opportunities for appropriate shareholder returns, it also highlights the need to better educate customers and residents about the true cost of providing reliable water and wastewater service, and the importance of infrastructure upgrades and replacement. Interest in the water space has continued to grow in recent years, both domestically and internationally. Regardless of the size and scope of any individual water system, we view this as a very local business, that directly influences the health and welfare of the residents served as well as the local economy. We believe strongly in the importance of maintaining relationships with our customers, local officials and regulators, ensuring our employees possess the tools and training to deliver quality service and providing solutions to municipalities and developers seeking answers to their water and wastewater challenges. Our strength lies in our expertise, our people and our vision for growth and these will contribute to shareholder value.
About Middlesex Water Company
Incorporated as a water utility in 1897, Middlesex Water Company (NASDAQ:MSEX) provides a full range of regulated and non-regulated water, wastewater utility and related services in parts of New Jersey, Delaware and Pennsylvania. Middlesex Water engages in collecting, treating, distributing and selling water for domestic, commercial, municipal industrial and fire protection purposes.
Visit the Middlesex Water Company (NASDAQ:MSEX) Showcase Profile on Investorideas.com and Water-stocks.com: http://www.investorideas.com/CO/MSEX/
For More info on World Water Day- Visit: www.worldwaterday.org
About Water-stocks.com Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space.
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts, interviews and a directory of public companies within the water sector.
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml.
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Middlesex Water Company (NASDAQ:MSEX) is an advertising showcase company on water-stocks.com and Investorideas.com. Please read compensation disclosure links below.
Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies MSEX, news submissions and online advertising. Compensation Disclosure and disclaimers: www.InvestorIdeas.com/About/Disclaimer.asp, http://www.investorideas.com/About/News/Clientspecifics.asp
For more info on Middlesex Water Company (NASDAQ:MSEX)
Bernadette M. Sohler
Vice President - Corporate Affairs
Bsohler@middlesexwater.com
732-638-7549
For More info on Water-stocks.com
Contact:
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com http://www.water-stocks.com/
Source: Water-Stocks.com, Investorideas.com
__________________________________________________
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Thursday, March 18, 2010
Valcent Products (OTCBB: VCTZF) VertiCrop high density vertical growth system technology addresses water use
Water-Stocks.com Reports on Water footprint of Agriculture for World Water Day
Valcent Products (OTCBB: VCTZF) VertiCrop high density vertical growth system technology addresses water use
POINT ROBERTS, WA and DELTA, BC –March 18, 2010 Investorideas.com and its water investor portal, www.Water-Stocks.com, report on the virtual water footprint of agriculture as World Water Day, March 22 approaches.
The overall goal of the World Water Day on 22 March 2010 campaign is to raise the profile of water quality at the political level so that water quality considerations are made alongside those of water quantity. As issues of water quality and water scarcity are addressed; agriculture having one of the greatest impacts on the global water footprint is a primary topic of concern.
One company working at providing a partial solution is Valcent Products Inc. (OTCBB: VCTZF), with its VertiCrop high density vertical growth system technology. Chris Bradford, CEO of Valcent Products Inc noted “ World Water Day is becoming increasingly important in creating awareness of severe shortages of potable and useable water in most places in the world. In this regard, Valcent’s two core business plans to market both the Verticrop and Alphacrop is timely in that these high density vertical growing systems save up to 95% of the water used in a field crop to produce the same amount of vegetables. This sustainable water savings is becoming more critical in many drought areas which in turn has an impact on food security as well. “
According to Thomas M. Kostigen, author of "The Green Blue Book: The Simple Water-Savings Guide to Everything in Your Life", being released on World Water Day, March 22; “It takes about 123 gallons of water to grow a pound of oats, for example. So the virtual water count of this pound of oats is 123 gallons. Now, extend this to a slice of beef. Since cattle have to feed on oats or some other grain and obviously need to drink water themselves, their virtual water count is higher than that of what they chew. It also takes water to process their meat. The virtual water footprint of a pound of beef, therefore, is 1,500 gallons. When you understand that there's a virtual water count to producing everything -- a beer (20 gallons), a glass of wine (30 gallons), a cup of coffee (37 gallons), a cup of tea (5 gallons), a car (39,000 gallons), a bicycle (480 gallons) -- you can make water-smart choices.”
Full article: http://www.marketwatch.com/story/a-shortcut-to-save-the-planet-save-water-2010-03-12?link=kiosk
More info on the Green Blue Book: http://www.thegreenbluebook.com/
Mrs. Margaret Catley-Carlson, Chair of the Global Agenda Council on Water Security commenting on WATER PERSPECTIVES FROM DAVOS 2010 reports, “A major new exercise on a Vision for Agriculture attracted most of the world’s elite Food Production people; water was a frequently mentioned, together with (still nascent) ideas on how to support the efforts to use less water yet grow more food.”
Full article: http://www.maximsnews.com/news20100217catleycarlsondavos11002170801.htm
The reason this is such an urgent issue is explained at www.Worldchanging.com, “Global crop production requires more than 6 trillion cubic meters of water each year, with nearly a quarter of supplies flowing to rice paddies. Livestock production requires the most water resources in the food chain. One hamburger, for instance, needs 2,400 liters of water on average.”
For More info on World Water Day- Visit: http://www.worldwaterday.org/
About Valcent: Featured showcase company on www.investorideas.com, www.water-stocks.com
Valcent Products Inc. (OTCBB: VCTZF) is a leader in the development and manufacturing of commercial vertical crop technology for global markets. Valcent is a pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intensive agricultural products. For more information, visit: www.valcent.net and http://www.valcent.eu/.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF)
http://www.investorideas.com/Resources/Newsletter.asp
About Water Stocks
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space.
www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector- close- ups, research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of publicly traded global water stocks (http://www.investorideas.com/Water-Stocks/Stock_List.asp).
The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Investorideas.com and water –stocks.com work with private companies in the water space seeking funding and joint ventures through the global marketplace.
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated water stocks feed at http://www.investorideas.com/News-Upload/
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies including Valcent Products Inc. (OTCBB: VCTZF) $3000 for March 2010, news submissions and online advertising. Read our Compensation Disclosure and disclaimers.
http://www.investorideas.com/About/Disclaimer.asp
For More Information Contact:Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
Valcent Products (OTCBB: VCTZF) VertiCrop high density vertical growth system technology addresses water use
POINT ROBERTS, WA and DELTA, BC –March 18, 2010 Investorideas.com and its water investor portal, www.Water-Stocks.com, report on the virtual water footprint of agriculture as World Water Day, March 22 approaches.
The overall goal of the World Water Day on 22 March 2010 campaign is to raise the profile of water quality at the political level so that water quality considerations are made alongside those of water quantity. As issues of water quality and water scarcity are addressed; agriculture having one of the greatest impacts on the global water footprint is a primary topic of concern.
One company working at providing a partial solution is Valcent Products Inc. (OTCBB: VCTZF), with its VertiCrop high density vertical growth system technology. Chris Bradford, CEO of Valcent Products Inc noted “ World Water Day is becoming increasingly important in creating awareness of severe shortages of potable and useable water in most places in the world. In this regard, Valcent’s two core business plans to market both the Verticrop and Alphacrop is timely in that these high density vertical growing systems save up to 95% of the water used in a field crop to produce the same amount of vegetables. This sustainable water savings is becoming more critical in many drought areas which in turn has an impact on food security as well. “
According to Thomas M. Kostigen, author of "The Green Blue Book: The Simple Water-Savings Guide to Everything in Your Life", being released on World Water Day, March 22; “It takes about 123 gallons of water to grow a pound of oats, for example. So the virtual water count of this pound of oats is 123 gallons. Now, extend this to a slice of beef. Since cattle have to feed on oats or some other grain and obviously need to drink water themselves, their virtual water count is higher than that of what they chew. It also takes water to process their meat. The virtual water footprint of a pound of beef, therefore, is 1,500 gallons. When you understand that there's a virtual water count to producing everything -- a beer (20 gallons), a glass of wine (30 gallons), a cup of coffee (37 gallons), a cup of tea (5 gallons), a car (39,000 gallons), a bicycle (480 gallons) -- you can make water-smart choices.”
Full article: http://www.marketwatch.com/story/a-shortcut-to-save-the-planet-save-water-2010-03-12?link=kiosk
More info on the Green Blue Book: http://www.thegreenbluebook.com/
Mrs. Margaret Catley-Carlson, Chair of the Global Agenda Council on Water Security commenting on WATER PERSPECTIVES FROM DAVOS 2010 reports, “A major new exercise on a Vision for Agriculture attracted most of the world’s elite Food Production people; water was a frequently mentioned, together with (still nascent) ideas on how to support the efforts to use less water yet grow more food.”
Full article: http://www.maximsnews.com/news20100217catleycarlsondavos11002170801.htm
The reason this is such an urgent issue is explained at www.Worldchanging.com, “Global crop production requires more than 6 trillion cubic meters of water each year, with nearly a quarter of supplies flowing to rice paddies. Livestock production requires the most water resources in the food chain. One hamburger, for instance, needs 2,400 liters of water on average.”
For More info on World Water Day- Visit: http://www.worldwaterday.org/
About Valcent: Featured showcase company on www.investorideas.com, www.water-stocks.com
Valcent Products Inc. (OTCBB: VCTZF) is a leader in the development and manufacturing of commercial vertical crop technology for global markets. Valcent is a pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intensive agricultural products. For more information, visit: www.valcent.net and http://www.valcent.eu/.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF)
http://www.investorideas.com/Resources/Newsletter.asp
About Water Stocks
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space.
www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector- close- ups, research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of publicly traded global water stocks (http://www.investorideas.com/Water-Stocks/Stock_List.asp).
The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Investorideas.com and water –stocks.com work with private companies in the water space seeking funding and joint ventures through the global marketplace.
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated water stocks feed at http://www.investorideas.com/News-Upload/
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies including Valcent Products Inc. (OTCBB: VCTZF) $3000 for March 2010, news submissions and online advertising. Read our Compensation Disclosure and disclaimers.
http://www.investorideas.com/About/Disclaimer.asp
For More Information Contact:Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
Wednesday, March 17, 2010
www.Water-Stocks.com Reports on China Listed Water Stocks as Drought Moves in
www.Water-Stocks.com Reports on China Listed Water Stocks as Drought Moves in
POINT ROBERTS, WA and DELTA, BC –March 17 , 2010 www.Water-Stocks.com, reports on China listed water stocks for investors following the water sector. World Water Day, held March 22, 2010 addresses global water issues including pollution and scarcity, with China facing both issues at a rapidly growing pace.
According to a recent article in China Peoples Daily, entitled “Drought continues to wreak havoc in southwestern China “ ( http://english.people.com.cn/90001/90783/91300/6922884.html) the number of people effected is serious. It said the worst-hit areas include Yunnan, Guizhou and Sichuan provinces, Guangxi Zhuang Autonomous Region and Chongqing Municipality. More than 20 million people in total were suffering water shortages.
Chinese water stocks are getting investor attention as a result.
China Listed Water Stocks :
Zhejiang Leo Co (Shanghai:002131.SZ) is the largest manufacturer and exporter of small pumps and garden machinesin China, located in Wenling, Zhejiang. Not only a manufacturer, Leo also aims to be a global solution provider for water pumps and garden machines. It continuously diversifies its products range according to customer needs, now with more than 550 items.
Xiangtan Electric Manufacturing Co. (Shanghai:600416.SH) is a company engaged in the manufacture and sale of mechanical and electrical products. The Companys pump industry division includes hot water pumps, submersible pumps and marine pumps among others.
Qianjiang Water Resources Development Co., Ltd. (SHA:600283) China-is principally engaged in the generation and supply of tap water, as well as the development and operation of real estate. The Company also provides electric power, pipe installation services and digital products.
Anhui Water Resources Development Co., (Shanghai:600502.SH) is principally engaged in the undertaking of engineering projects, the development of real estate, the utilization of water resources, the generation of hydroelectric power, build-transfer (BT) investment and new building materials business. During the year ended December 31, 2008, the Company won 71 bids of engineering projects, conducted Bailianya hydropower station project and Longzi Lake water resource developing project and continued to develop BESTWAY residential building system. The Company operates its business in domestic markets and to overseas markets.
Research water stocks - Visit the water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. Investors can track trends in water with new columns, Hydrocommerce Corner - Where Water & Money Meet with Bill Brennan and BlueTech Tracker with Paul O’Callaghan.
Investorideas.com and water-stocks.com have created a directory of global publicly traded water stocks that investors can purchase in PDF format. The directories are also now sold and published through global research firms including Research and Markets, Reportlinker.com and Reportbuyer.com as well as several cleantech websites. A growing list of partners is available at http://www.investorideas.com/resources/,
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated water stocks feed at http://www.investorideas.com/News-Upload/
www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector- close- ups, research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Investorideas.com and water –stocks.com work with private companies in the water space seeking funding and joint ventures through the global marketplace.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
About us
Visit the Investorideas.com Marketplace for water opportunities for business and investors
InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies including Wescorp Energy (WSCE), news submissions and online advertising. Read our Compensation Disclosure and disclaimers.
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
POINT ROBERTS, WA and DELTA, BC –March 17 , 2010 www.Water-Stocks.com, reports on China listed water stocks for investors following the water sector. World Water Day, held March 22, 2010 addresses global water issues including pollution and scarcity, with China facing both issues at a rapidly growing pace.
According to a recent article in China Peoples Daily, entitled “Drought continues to wreak havoc in southwestern China “ ( http://english.people.com.cn/90001/90783/91300/6922884.html) the number of people effected is serious. It said the worst-hit areas include Yunnan, Guizhou and Sichuan provinces, Guangxi Zhuang Autonomous Region and Chongqing Municipality. More than 20 million people in total were suffering water shortages.
Chinese water stocks are getting investor attention as a result.
China Listed Water Stocks :
Zhejiang Leo Co (Shanghai:002131.SZ) is the largest manufacturer and exporter of small pumps and garden machinesin China, located in Wenling, Zhejiang. Not only a manufacturer, Leo also aims to be a global solution provider for water pumps and garden machines. It continuously diversifies its products range according to customer needs, now with more than 550 items.
Xiangtan Electric Manufacturing Co. (Shanghai:600416.SH) is a company engaged in the manufacture and sale of mechanical and electrical products. The Companys pump industry division includes hot water pumps, submersible pumps and marine pumps among others.
Qianjiang Water Resources Development Co., Ltd. (SHA:600283) China-is principally engaged in the generation and supply of tap water, as well as the development and operation of real estate. The Company also provides electric power, pipe installation services and digital products.
Anhui Water Resources Development Co., (Shanghai:600502.SH) is principally engaged in the undertaking of engineering projects, the development of real estate, the utilization of water resources, the generation of hydroelectric power, build-transfer (BT) investment and new building materials business. During the year ended December 31, 2008, the Company won 71 bids of engineering projects, conducted Bailianya hydropower station project and Longzi Lake water resource developing project and continued to develop BESTWAY residential building system. The Company operates its business in domestic markets and to overseas markets.
Research water stocks - Visit the water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. Investors can track trends in water with new columns, Hydrocommerce Corner - Where Water & Money Meet with Bill Brennan and BlueTech Tracker with Paul O’Callaghan.
Investorideas.com and water-stocks.com have created a directory of global publicly traded water stocks that investors can purchase in PDF format. The directories are also now sold and published through global research firms including Research and Markets, Reportlinker.com and Reportbuyer.com as well as several cleantech websites. A growing list of partners is available at http://www.investorideas.com/resources/,
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated water stocks feed at http://www.investorideas.com/News-Upload/
www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector- close- ups, research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Investorideas.com and water –stocks.com work with private companies in the water space seeking funding and joint ventures through the global marketplace.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
About us
Visit the Investorideas.com Marketplace for water opportunities for business and investors
InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies including Wescorp Energy (WSCE), news submissions and online advertising. Read our Compensation Disclosure and disclaimers.
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Wednesday, March 3, 2010
Water Stocks; SouthWest Water Company (NASDAQ:SWWC) Signs Agreement to be Acquired by Long-Term Infrastructure Investor Group
Water Stocks; SouthWest Water Company (NASDAQ:SWWC) Signs Agreement to be Acquired by Long-Term Infrastructure Investor Group
Transaction Highlights:
•All-cash offer of $11 per share, plus near-term cash injection of $16 million to assist with capital investments
•Provides long-term access to capital to invest in SouthWest Water Company’s service territories to the benefit of customers
•Seamless transition and continuity in SouthWest Water Company’s business approach, management and employee base
•Ongoing commitment to customer service, service reliability and local community involvement
•Investors experienced in owning and operating water and other regulated utilities
LOS ANGELES, Calif.--(Investorideas.com water stocks newswire) --SouthWest Water Company (NASDAQ:SWWC) today announced it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11.00 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management L.L.C. (the partnership).
“Our partnership is committed to funding necessary maintenance and upgrades over the long-term.”
.The all-cash offer represents a 56% premium over SouthWest Water’s closing share price on March 2, 2010 and a premium of 71% over the average 30-day closing price ended March 2, 2010. After taking into account SouthWest Water’s outstanding debt the transaction represents a total enterprise value of approximately $427 million.
The Board of Directors of SouthWest Water and the members of the partnership unanimously approved the agreement, which is subject to customary closing conditions, including approval of SouthWest Water's shareholders and various regulatory agencies.
“I am excited about the opportunity that this transaction presents for our customers, employees and the communities we serve, as well as the value it provides to our shareholders," said Mark Swatek, president and chief executive officer of SouthWest Water. "The partnership is extremely committed to our industry and its infrastructure needs, as well as the stability of the company’s operations, quality customer service and community involvement. We are confident that this transaction will facilitate SouthWest Water’s access to long-term capital and enhances our ability to invest in systems to the benefit of the customers and communities we serve.”
Andrew Walters, vice president of J.P. Morgan Asset Management’s Infrastructure Investments Group, said, "We believe that SouthWest Water is an excellent, long-term investment for the partnership. We look forward to working with SouthWest Water’s experienced management and talented workforce to deliver cost effective customer service to a growing customer base over time. A seamless transition and continuity are high priorities for us and we look forward to continuing to work with management and employees in the company’s service territories to ensure continued responsiveness to needs of local customers and communities.”
"SouthWest Water has made a significant commitment to improve the water service infrastructure in the regions it serves, and, in turn, enhance service and reliability to its customers," said Disque Deane Jr. of Water Asset Management. "Our partnership is committed to funding necessary maintenance and upgrades over the long-term.”
Prior to the closing of the acquisition, members of the partnership will invest approximately $16 million in 2.7 million newly issued SouthWest Water shares under a private placement, priced at $6.00 per share. SouthWest Water intends to use the proceeds to assist the financing of ongoing utility infrastructure investments. As the offer and sale of the shares of common stock will not be registered under the Securities Act of 1933 or applicable state securities laws, the shares of common stock may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This document is being issued pursuant to and in accordance with Rule 135c under the Securities Act and does not constitute an offer to sell or a solicitation of an offer to buy the shares of common stock.
Upon completion of the transaction, SouthWest Water's common stock will cease to be publicly traded. Wells Fargo Securities, LLC acted as financial advisor to the Special Committee of the Board of Directors of SouthWest Water which was formed to evaluate SouthWest Water’s strategic alternatives. Macquarie Capital (USA) Inc. acted as financial advisor to the partnership.
Conference Call
The company will hold a conference call to discuss the transaction at 12:30 p.m. Eastern (9:30 a.m. Pacific). The call will be web cast live so that interested parties may listen over the Internet at the company’s website at www.swwc.com under the investor relations button at the top of the page. For those unable to participate in the live web cast, a replay will be available shortly after the call on the company’s website. A telephonic replay will also be available beginning at 3:30 p.m. Eastern (12:30 p.m. Pacific) until midnight March 10, 2010 at 888.286.8010 (international callers 617.801.6888), passcode 37139231.
About SouthWest Water Company
SouthWest Water Company provides a broad range of operations, maintenance and management services, including water production, treatment and distribution; wastewater collection and treatment; customer service; and utility infrastructure construction management. The company owns regulated public utilities and also serves cities, utility districts and private companies under contract. More than a million people in 9 states depend on SouthWest Water for high-quality, reliable service. Additional information may be found on the company’s website: www.swwc.com.
About J.P. Morgan Asset Management - Global Real Assets
J.P. Morgan Asset Management - Global Real Assets has approximately $43 billion in real estate and infrastructure assets, as of December 31, 2009. With a 40-year history of successful investing and a staff of 359 professionals, J.P. Morgan Asset Management - Global Real Assets identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients. J.P. Morgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of $1.5 trillion, is a global leader in investment and wealth management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Asset Management provides trust and estate, banking and brokerage services to high-net-worth clients and retirement services for corporations and individuals. JPMorgan Chase & Co. (NYSE:JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Water Asset Management, L.L.C.
Water Asset Management, L.L.C. is a water industry focused investment firm, that invests exclusively in water related companies and assets worldwide. As the third largest shareholder of SouthWest Water Company, WAM has been a committed and engaged shareholder for many years. Additional information is available at www.waterinv.com.
Forward-Looking Statements
This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including, but not limited to, statements relating to the proposed transaction and its potential effects on the company and its operations, 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 changes in regulatory, political, weather, economic, business, competitive, market, environmental and other factors. More detailed information about these factors is contained in the company’s filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in the company’s 2008 Annual Report on Form 10-K. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.
Additional Information
In connection with the proposed transaction, SouthWest Water will file a proxy statement with the Securities and Exchange Commission (SEC). Before making any voting or investment decision, investors and security holders are urged to carefully read the entire proxy statement and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information about the proposed transaction. A definitive proxy statement will be sent to shareholders in connection with the proposed transaction. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed at the SEC's website at http://www.sec.gov. The proxy statement and such other documents may also be obtained at no cost from SouthWest Water by directing the request to SouthWest Water Company, 624 S. Grand Avenue, Suite 2900, Los Angeles, CA, 90017, Attention: Shareholder Services.
The company and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from the security holders of the company in connection with the proposed transaction. Information concerning the special interests of these directors, executive officers and other members of the company’s management and employees in the proposed transaction will be included in the company’s proxy statement referenced above. Information regarding the company’s directors and executive officers is also available in its Annual Report on Form 10-K for the year ended December 31, 2008 and in its proxy statement for its 2009 Annual Meeting of Stockholders, which documents are filed with the SEC. These documents are available free of charge at the SEC’s website at www.sec.gov and from the company at the address provided above.
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Transaction Highlights:
•All-cash offer of $11 per share, plus near-term cash injection of $16 million to assist with capital investments
•Provides long-term access to capital to invest in SouthWest Water Company’s service territories to the benefit of customers
•Seamless transition and continuity in SouthWest Water Company’s business approach, management and employee base
•Ongoing commitment to customer service, service reliability and local community involvement
•Investors experienced in owning and operating water and other regulated utilities
LOS ANGELES, Calif.--(Investorideas.com water stocks newswire) --SouthWest Water Company (NASDAQ:SWWC) today announced it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11.00 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management L.L.C. (the partnership).
“Our partnership is committed to funding necessary maintenance and upgrades over the long-term.”
.The all-cash offer represents a 56% premium over SouthWest Water’s closing share price on March 2, 2010 and a premium of 71% over the average 30-day closing price ended March 2, 2010. After taking into account SouthWest Water’s outstanding debt the transaction represents a total enterprise value of approximately $427 million.
The Board of Directors of SouthWest Water and the members of the partnership unanimously approved the agreement, which is subject to customary closing conditions, including approval of SouthWest Water's shareholders and various regulatory agencies.
“I am excited about the opportunity that this transaction presents for our customers, employees and the communities we serve, as well as the value it provides to our shareholders," said Mark Swatek, president and chief executive officer of SouthWest Water. "The partnership is extremely committed to our industry and its infrastructure needs, as well as the stability of the company’s operations, quality customer service and community involvement. We are confident that this transaction will facilitate SouthWest Water’s access to long-term capital and enhances our ability to invest in systems to the benefit of the customers and communities we serve.”
Andrew Walters, vice president of J.P. Morgan Asset Management’s Infrastructure Investments Group, said, "We believe that SouthWest Water is an excellent, long-term investment for the partnership. We look forward to working with SouthWest Water’s experienced management and talented workforce to deliver cost effective customer service to a growing customer base over time. A seamless transition and continuity are high priorities for us and we look forward to continuing to work with management and employees in the company’s service territories to ensure continued responsiveness to needs of local customers and communities.”
"SouthWest Water has made a significant commitment to improve the water service infrastructure in the regions it serves, and, in turn, enhance service and reliability to its customers," said Disque Deane Jr. of Water Asset Management. "Our partnership is committed to funding necessary maintenance and upgrades over the long-term.”
Prior to the closing of the acquisition, members of the partnership will invest approximately $16 million in 2.7 million newly issued SouthWest Water shares under a private placement, priced at $6.00 per share. SouthWest Water intends to use the proceeds to assist the financing of ongoing utility infrastructure investments. As the offer and sale of the shares of common stock will not be registered under the Securities Act of 1933 or applicable state securities laws, the shares of common stock may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This document is being issued pursuant to and in accordance with Rule 135c under the Securities Act and does not constitute an offer to sell or a solicitation of an offer to buy the shares of common stock.
Upon completion of the transaction, SouthWest Water's common stock will cease to be publicly traded. Wells Fargo Securities, LLC acted as financial advisor to the Special Committee of the Board of Directors of SouthWest Water which was formed to evaluate SouthWest Water’s strategic alternatives. Macquarie Capital (USA) Inc. acted as financial advisor to the partnership.
Conference Call
The company will hold a conference call to discuss the transaction at 12:30 p.m. Eastern (9:30 a.m. Pacific). The call will be web cast live so that interested parties may listen over the Internet at the company’s website at www.swwc.com under the investor relations button at the top of the page. For those unable to participate in the live web cast, a replay will be available shortly after the call on the company’s website. A telephonic replay will also be available beginning at 3:30 p.m. Eastern (12:30 p.m. Pacific) until midnight March 10, 2010 at 888.286.8010 (international callers 617.801.6888), passcode 37139231.
About SouthWest Water Company
SouthWest Water Company provides a broad range of operations, maintenance and management services, including water production, treatment and distribution; wastewater collection and treatment; customer service; and utility infrastructure construction management. The company owns regulated public utilities and also serves cities, utility districts and private companies under contract. More than a million people in 9 states depend on SouthWest Water for high-quality, reliable service. Additional information may be found on the company’s website: www.swwc.com.
About J.P. Morgan Asset Management - Global Real Assets
J.P. Morgan Asset Management - Global Real Assets has approximately $43 billion in real estate and infrastructure assets, as of December 31, 2009. With a 40-year history of successful investing and a staff of 359 professionals, J.P. Morgan Asset Management - Global Real Assets identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients. J.P. Morgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of $1.5 trillion, is a global leader in investment and wealth management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Asset Management provides trust and estate, banking and brokerage services to high-net-worth clients and retirement services for corporations and individuals. JPMorgan Chase & Co. (NYSE:JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Water Asset Management, L.L.C.
Water Asset Management, L.L.C. is a water industry focused investment firm, that invests exclusively in water related companies and assets worldwide. As the third largest shareholder of SouthWest Water Company, WAM has been a committed and engaged shareholder for many years. Additional information is available at www.waterinv.com.
Forward-Looking Statements
This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including, but not limited to, statements relating to the proposed transaction and its potential effects on the company and its operations, 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 changes in regulatory, political, weather, economic, business, competitive, market, environmental and other factors. More detailed information about these factors is contained in the company’s filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in the company’s 2008 Annual Report on Form 10-K. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.
Additional Information
In connection with the proposed transaction, SouthWest Water will file a proxy statement with the Securities and Exchange Commission (SEC). Before making any voting or investment decision, investors and security holders are urged to carefully read the entire proxy statement and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information about the proposed transaction. A definitive proxy statement will be sent to shareholders in connection with the proposed transaction. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed at the SEC's website at http://www.sec.gov. The proxy statement and such other documents may also be obtained at no cost from SouthWest Water by directing the request to SouthWest Water Company, 624 S. Grand Avenue, Suite 2900, Los Angeles, CA, 90017, Attention: Shareholder Services.
The company and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from the security holders of the company in connection with the proposed transaction. Information concerning the special interests of these directors, executive officers and other members of the company’s management and employees in the proposed transaction will be included in the company’s proxy statement referenced above. Information regarding the company’s directors and executive officers is also available in its Annual Report on Form 10-K for the year ended December 31, 2008 and in its proxy statement for its 2009 Annual Meeting of Stockholders, which documents are filed with the SEC. These documents are available free of charge at the SEC’s website at www.sec.gov and from the company at the address provided above.
_____________________________
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Visit the water stocks directory to research publicly traded water companies:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
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