Water Stocks; Flowserve (NYSE: FLS) Receives Order for Approximately $10 Million for Desalination Energy Recovery Systems
DALLAS--(Investorideas.com water stocks newswire )--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced an order for CALDER Dual Work Exchanger Energy Recovery (DWEER) units with an approximate value of $10 million USD for the Sorek seawater desalination plant. The majority of the booking for this order is to be reflected in the second quarter of 2010.
“This order further solidifies our position as a leader in the growing desalination industry”
.With a capacity of 150 million cubic meters (39.6 trillion U.S. gallons) per year, Sorek is the largest seawater desalination plant in the world featuring isobaric chamber recovery system technology. Sorek Desalination Ltd., a joint venture between IDE Technologies and Hutchison Water, owns the facility.
“This order further solidifies our position as a leader in the growing desalination industry,” said Tom Ferguson, president, Flow Solutions Group. “A key factor in selecting Flowserve was the lowest total cost of ownership; a 24-year life-cycle cost analysis found Flowserve was the most efficient and economical choice for Sorek when considering capital, operating cost, energy efficiency and maintenance. As the worldwide demand for fresh water continues to outpace supply, Flowserve is proud to offer technology that can help reduce the cost of the desalination process and provides more potable water for those who need it.”
Flowserve CALDER products and technologies specialize in the design, engineering and supply of energy recovery equipment and related proprietary technologies for the reverse-osmosis process used in desalination plants around the world. CALDER energy recovery technology is designed to capture and reuse waste energy in the desalination process, lowering net energy consumption and improving overall process efficiency.
About IDE Technologies
IDE Technologies Ltd. is a pioneer and world leader in water technologies. The company specializes in the development, engineering, production and operation of advanced desalination as well as innovative industrial solutions. For more information, please visit www.ide-tech.com.
About Hutchison Water
Hutchison Water was established in 2008 as an operation of Hutchison Whampoa Ltd. The company provides a wide range of integrated solutions and services that include development, design, detailed design, systems integration, engineering, procurement and construction. For more information, please visit www.hutchisonwater.com.
About Flowserve Corp.
Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves, as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
SAFE HARBOR STATEMENT:
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in the global financial markets and the availability of capital and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the petroleum, chemical, power and water industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global petroleum producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; our exposure to fluctuations in foreign currency exchange rates, particularly in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities; potential adverse consequences resulting from litigation to which we are a party, such as shareholder litigation and litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; our foreign subsidiaries autonomously conducting limited business operations and sales in certain countries identified by the U.S. State Department as state sponsors of terrorism; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangibles; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
________________________________________
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Tuesday, May 11, 2010
Friday, May 7, 2010
Investorideas.com - Water Stocks; Middlesex Water Company (NASDAQ:MSEX) Announces First Quarter Results
Investorideas.com - Water Stocks; Middlesex Water Company (NASDAQ:MSEX) Announces First Quarter Results
Water Stocks; Middlesex Water Company (NASDAQ:MSEX) Announces First Quarter Results
ISELIN, NJ - May 7, 2010 (Investorideas.com Water Stocks Newswire) - Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced operating revenues for the quarter ended March 31, 2010 of $21.6 million, up $1.1 million from the same period in 2009.
First Quarter Operating Results
Revenues in the Company's Middlesex system in New Jersey increased $0.4 million primarily due to $0.2 million of higher revenues from contract sales to municipalities and increased revenues of $0.2 million from the effects of the purchase water adjustment clause implemented on July 1, 2009. Water use by residential, commercial and industrial customers remained consistent with the first quarter of 2009 but below historical average usage. Revenues in our Tidewater system in Delaware increased $0.7 million, primarily due to a combination of increased rates that went into effect in late March 2009, customer growth and increased water consumption.
"While water consumption patterns typically remained constant in the first quarter relative to the same period in the prior year, as we enter our peak season for water demand we are encouraged by customer and related consumption growth in our Delaware operations. We are also anticipating the benefit from rate relief awarded in New Jersey in mid-March 2010," said Middlesex Water President and CEO Dennis W. Doll.
Operation and maintenance expenses for the three months ended March 31, 2010 increased $0.6 million compared to the same period in 2009, with materials, supplies and outside contractor costs rising $0.3 million due to a higher incidence of weather-related water main breaks in New Jersey. Labor costs in our New Jersey and Delaware operations increased $0.2 million, largely due to snow removal related to several significant snow storms both in New Jersey and Delaware. Water production costs were $0.2 million higher due to increased chemical and residual disposal expenses required due to heightened rainfall in March 2010, increased purchased water costs and increased facilities maintenance expenses. Net income increased $0.2 million to $1.5 million. Basic and diluted earnings per share increased to $0.11 for the three months ended March 31, 2010, compared to $0.10 for the same period in 2009.
Board Declares Quarterly Dividend
The Company's Board of Directors declared a quarterly cash dividend of $0.1800 per share, payable June 1, 2010 to common shareholders as of May 14, 2010. The Company has paid cash dividends in varying amounts continually since 1912. The Company has a Dividend Reinvestment Plan under which dividends and optional cash payments can be used to purchase additional shares of Common stock. Middlesex Water is currently offering a 5% discount on shares of its Common Stock to participants in its Dividend Reinvestment Plan, through June 1, 2010.
Annual Shareholders Meeting
The Company will host its annual meeting of shareholders on Tuesday, May 25, 2010, beginning at 11:00 EDT at its corporate headquarters in Iselin, NJ.
About Middlesex Water Company
Middlesex Water Company, organized in 1897, is a water utility serving customers in central and southern New Jersey and in the State of Delaware. Headquartered in Iselin, NJ, Middlesex Water is subject to various Federal and State regulatory agencies concerning water quality standards.
For additional information regarding Middlesex Water Company, visit the Company's web site at www.middlesexwater.com or call (732) 634-1500.
This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.
Contact:
Bernadette Sohler,
Middlesex Water Company
Vice President – Corporate Affairs
(732) 638-7549
Source: Middlesex Water Company
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Water Stocks; Middlesex Water Company (NASDAQ:MSEX) Announces First Quarter Results
ISELIN, NJ - May 7, 2010 (Investorideas.com Water Stocks Newswire) - Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced operating revenues for the quarter ended March 31, 2010 of $21.6 million, up $1.1 million from the same period in 2009.
First Quarter Operating Results
Revenues in the Company's Middlesex system in New Jersey increased $0.4 million primarily due to $0.2 million of higher revenues from contract sales to municipalities and increased revenues of $0.2 million from the effects of the purchase water adjustment clause implemented on July 1, 2009. Water use by residential, commercial and industrial customers remained consistent with the first quarter of 2009 but below historical average usage. Revenues in our Tidewater system in Delaware increased $0.7 million, primarily due to a combination of increased rates that went into effect in late March 2009, customer growth and increased water consumption.
"While water consumption patterns typically remained constant in the first quarter relative to the same period in the prior year, as we enter our peak season for water demand we are encouraged by customer and related consumption growth in our Delaware operations. We are also anticipating the benefit from rate relief awarded in New Jersey in mid-March 2010," said Middlesex Water President and CEO Dennis W. Doll.
Operation and maintenance expenses for the three months ended March 31, 2010 increased $0.6 million compared to the same period in 2009, with materials, supplies and outside contractor costs rising $0.3 million due to a higher incidence of weather-related water main breaks in New Jersey. Labor costs in our New Jersey and Delaware operations increased $0.2 million, largely due to snow removal related to several significant snow storms both in New Jersey and Delaware. Water production costs were $0.2 million higher due to increased chemical and residual disposal expenses required due to heightened rainfall in March 2010, increased purchased water costs and increased facilities maintenance expenses. Net income increased $0.2 million to $1.5 million. Basic and diluted earnings per share increased to $0.11 for the three months ended March 31, 2010, compared to $0.10 for the same period in 2009.
Board Declares Quarterly Dividend
The Company's Board of Directors declared a quarterly cash dividend of $0.1800 per share, payable June 1, 2010 to common shareholders as of May 14, 2010. The Company has paid cash dividends in varying amounts continually since 1912. The Company has a Dividend Reinvestment Plan under which dividends and optional cash payments can be used to purchase additional shares of Common stock. Middlesex Water is currently offering a 5% discount on shares of its Common Stock to participants in its Dividend Reinvestment Plan, through June 1, 2010.
Annual Shareholders Meeting
The Company will host its annual meeting of shareholders on Tuesday, May 25, 2010, beginning at 11:00 EDT at its corporate headquarters in Iselin, NJ.
About Middlesex Water Company
Middlesex Water Company, organized in 1897, is a water utility serving customers in central and southern New Jersey and in the State of Delaware. Headquartered in Iselin, NJ, Middlesex Water is subject to various Federal and State regulatory agencies concerning water quality standards.
For additional information regarding Middlesex Water Company, visit the Company's web site at www.middlesexwater.com or call (732) 634-1500.
This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.
Contact:
Bernadette Sohler,
Middlesex Water Company
Vice President – Corporate Affairs
(732) 638-7549
Source: Middlesex Water Company
Disclosure: MSEX is a paid advertising client on Investorideas.com and our water portals.
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Wednesday, May 5, 2010
Water Stocks; Mueller Water Products(NYSE: MWA) Reports Fiscal Second Quarter 2010 Results
Water Stocks; Mueller Water Products(NYSE: MWA) Reports Fiscal Second Quarter 2010 Results
Net Sales Excluding Divested Operations Increased Year-over-Year
Mueller Co. Core Products Bookings up 40 Percent Year-over-Year
Second Quarter EPS Loss of $0.15 and Adjusted EPS Loss of $0.11
ATLANTA--(Investorideas.com water stocks newswire)--Mueller Water Products, Inc. (NYSE: MWA) reported net sales of $301.8 million and a net loss of $23.7 million for the quarter ended March 31, 2010. Summarized consolidated 2010 second quarter results compared to 2009 second quarter results are as follows:
“Our second-quarter results came in essentially as we had expected. Net sales excluding divested operations in the second quarter increased from the prior year period, the first quarter in six quarters in which net sales increased year-over-year”
.•Net sales for the 2010 second quarter were $301.8 million, down 6.3 percent compared to $322.2 million for the 2009 second quarter. Excluding the net sales of two divested Anvil businesses, net sales for the 2010 second quarter increased 2.3 percent year-over-year.
•Loss from operations for the 2010 second quarter was $22.9 million compared to a loss from operations of $618.2 million for the 2009 second quarter. Adjusted loss from operations for the 2010 second quarter was $12.4 million compared to adjusted loss from operations of $5.1 million for the 2009 second quarter.
•Adjusted EBITDA was $9.0 million for the 2010 second quarter compared to $18.8 million for the 2009 second quarter.
•Net loss per share was $0.15 for the 2010 second quarter compared to a net loss per share of $4.90 for the 2009 second quarter. Adjusted net loss per share was $0.11 for the 2010 second quarter compared to adjusted net loss per share of $0.13 for the 2009 second quarter.
•Net debt, which is total debt less cash and cash equivalents, at March 31, 2010, decreased $88.4 million to $590.3 million since September 30, 2009.
“Our second-quarter results came in essentially as we had expected. Net sales excluding divested operations in the second quarter increased from the prior year period, the first quarter in six quarters in which net sales increased year-over-year,” said Gregory E. Hyland, chairman, president and chief executive officer of Mueller Water Products. “Capacity utilization increased in all three business segments: Mueller Co., U.S. Pipe and Anvil, which is expected to benefit our financial performance in the second half of the year. Unit bookings of our core products at Mueller Co. – valves, hydrants and brass service - increased 40 percent year-over-year, and bookings on a tonnage basis at U.S. Pipe increased over 50 percent. However, pricing continued to negatively impact sales at U.S. Pipe during the quarter, and we believe pricing could remain challenging for the balance of the fiscal year. Anvil’s results reflect the downturn in non-residential construction.
“We are seeing clear signs the water infrastructure market is gradually recovering and positive trends in some of our businesses. The improved order trends we saw in our water infrastructure markets in the first quarter strengthened further in the second quarter. The uptick in orders, especially as we enter the construction season, reinforces our belief that we will continue to increase capacity utilization, which should lead to higher margins.”
Second Quarter Consolidated Results
Net sales for the 2010 second quarter of $301.8 million declined $20.4 million from $322.2 million for the 2009 second quarter. Net sales declined due to the divestiture of two Anvil businesses, which had sales of $27.3 million in the 2009 second quarter, and lower pricing of $19.4 million, mainly at U.S. Pipe. These items were partially offset by $25.1 million of higher shipment volumes and favorable Canadian currency exchange rates of $2.6 million.
Adjusted loss from operations for the 2010 second quarter of $12.4 million increased $7.3 million from $5.1 million for the 2009 second quarter. Results were negatively impacted by the lower sales pricing and $9.4 million of higher per-unit overhead costs primarily due to lower production. The quarter’s results were positively impacted by $12.9 million of manufacturing and other cost savings, $7.4 million of higher shipment volumes and $3.6 million of lower raw material costs.
Second Quarter Segment Results
Mueller Co.
Net sales for Mueller Co. increased $26.4 million to $141.2 million for the 2010 second quarter from $114.8 million for the 2009 second quarter due mainly to $26.8 million of higher shipment volumes. Shipment volumes of iron gate valves, hydrants and brass service products for the quarter all increased above the prior year period.
Income from operations of $9.7 million for the 2010 second quarter increased $7.1 million from adjusted income from operations of $2.6 million for the 2009 second quarter. Adjusted EBITDA increased to $22.2 million for the 2010 second quarter from $15.8 million for the 2009 second quarter. Income from operations increased due to $9.9 million of higher shipment volumes and $5.3 million of manufacturing and other cost savings. These items were partially offset by $2.8 million of higher selling, general and administrative expenses primarily associated with investments in Mueller Systems, $2.0 million of higher per-unit overhead costs, and $1.2 million of lower sales pricing.
U.S. Pipe
Net sales for U.S. Pipe of $83.0 million for the 2010 second quarter declined $10.2 million from $93.2 million for the 2009 second quarter. This decrease was due to $17.6 million of lower pricing partially offset by $7.4 million of higher shipment volumes.
Adjusted loss from operations of $19.6 million and an adjusted EBITDA loss of $14.6 million for the 2010 second quarter compare to adjusted loss from operations of $10.9 million and an adjusted EBITDA loss of $4.7 million for the 2009 second quarter. The 2010 second quarter results were negatively impacted by lower sales pricing partially offset by a number of positive factors, including $4.8 million of manufacturing and other cost savings, $1.9 million of higher shipment volumes, $1.4 million of lower selling, general and administrative expenses and $1.1 million of lower raw material costs. During the quarter we recorded $10.4 million in restructuring charges primarily associated with the closure of the North Birmingham facility.
Anvil
Net sales for Anvil of $77.6 million for the 2010 second quarter declined $36.6 million from $114.2 million for the 2009 second quarter. Net sales declined $27.3 million due to the divestiture of two businesses and $9.1 million due to lower shipment volumes.
Adjusted income from operations of $6.0 million and adjusted EBITDA of $9.7 million for the 2010 second quarter compare to adjusted income from operations of $12.1 million and adjusted EBITDA of $16.5 million in the 2009 second quarter. Adjusted income from operations decreased $8.1 million from higher per-unit overhead costs primarily due to lower production and $4.4 million of lower shipment volumes. These decreases were partially offset by $3.1 million from the gain on the sale of one of the divestitures, $2.8 million of manufacturing and other cost savings and $2.1 million of lower raw material costs.
Interest Expense
Net interest expense of $14.8 million for the 2010 second quarter decreased from $16.6 million for the 2009 second quarter. The 2010 second quarter included a $1.2 million net benefit from the settlement of interest rate swap contracts associated with debt repayments. When adjusted, 2010 second quarter net interest expense decreased $0.6 million from the 2009 second quarter primarily due to lower debt levels during the 2010 second quarter partially offset by higher interest rates.
Use of Non-GAAP Measures
The Company presents adjusted income (loss) from operations, adjusted EBITDA, adjusted net loss, adjusted net loss per share, net debt and free cash flow as non-GAAP measures. Adjusted income (loss) from operations represents income (loss) from operations excluding impairment, restructuring and debt extinguishment-related items. Adjusted EBITDA represents income (loss) before depreciation, amortization, debt-related transactions, interest income, income taxes, impairment and restructuring charges. The Company presents adjusted EBITDA because it is an important supplemental measure of performance, and management believes it is frequently used by securities analysts, investors and interested parties in the evaluation of financial performance. Adjusted EBITDA has limitations as an analytical tool, and investors should not consider it in isolation or as a substitute for analysis of the Company's results as reported under accounting principles generally accepted in the United States ("GAAP"). Adjusted net loss and adjusted net loss per share exclude impairment and restructuring charges, gains and losses from the early settlement of interest rate swap contracts and the early extinguishment of debt. These items are excluded because they are considered unusual and not indicative of recurring operations. Net debt, which is total debt less cash and cash equivalents, is used because management reviews net debt as part of its management of the Company’s overall liquidity, financial flexibility, capital structure and leverage. Furthermore, certain debt rating agencies, creditors and credit analysts monitor the Company’s net debt as part of their assessment of the Company’s business. Free cash flow, which represents cash flows from operating activities less capital expenditures, is presented as a measurement of cash flow because it is commonly used by the investment community.
A reconciliation of non-GAAP to GAAP results is included as an attachment to this press release and has been posted online at www.muellerwaterproducts.com.
Conference Call Webcast
Mueller Water Products’ quarterly earnings conference call will take place Wednesday, May 5, 2010 at 9:00 a.m. EDT. Mueller Water Products’ chairman, president and chief executive officer, Gregory E. Hyland, and members of the Company’s leadership team will discuss the Company’s recent financial performance and respond to questions from financial analysts. Mueller Water Products invites interested investors to listen to the call and view the accompanying slide presentation, which will be carried live on its Web site at www.muellerwaterproducts.com.
Investors interested in listening to the call should log on to the Web site several minutes before the start of the call. After selecting the presentation icon, investors should follow the instructions to ensure their systems are set up to hear the event and view the accompanying presentation slides.
Safe Harbor Statement
This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address activities, events or developments that we intend, expect, plan, project, believe or anticipate will or may occur in the future are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding our ability to increase capacity utilization. Forward-looking statements are based on certain assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors, including regional, national or global political, economic, business, competitive, market and regulatory conditions and the following:
•the demand level of manufacturing and construction activity;
•our ability to service our debt obligations; and
•the other factors that are described in the section entitled “RISK FACTORS” in Item 1A of our most recently filed Annual Report on Form 10-K.
Undue reliance should not be placed on any forward-looking statements. We do not have any intention or obligation to update forward-looking statements after we file this press release, except as required by law.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading North American manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities. The Company's broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries for heating, ventilation and air conditioning, fire protection, industrial, energy and oil & gas industries. With latest 12 months net sales through March 31, 2010 of $1.4 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 5,100 people. The Company's common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products, Inc., please visit the Company's Web site at http://www.muellerwaterproducts.com/. See full financial tables at news at http://www.muellerwaterproducts.com/
_____________________________________
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Net Sales Excluding Divested Operations Increased Year-over-Year
Mueller Co. Core Products Bookings up 40 Percent Year-over-Year
Second Quarter EPS Loss of $0.15 and Adjusted EPS Loss of $0.11
ATLANTA--(Investorideas.com water stocks newswire)--Mueller Water Products, Inc. (NYSE: MWA) reported net sales of $301.8 million and a net loss of $23.7 million for the quarter ended March 31, 2010. Summarized consolidated 2010 second quarter results compared to 2009 second quarter results are as follows:
“Our second-quarter results came in essentially as we had expected. Net sales excluding divested operations in the second quarter increased from the prior year period, the first quarter in six quarters in which net sales increased year-over-year”
.•Net sales for the 2010 second quarter were $301.8 million, down 6.3 percent compared to $322.2 million for the 2009 second quarter. Excluding the net sales of two divested Anvil businesses, net sales for the 2010 second quarter increased 2.3 percent year-over-year.
•Loss from operations for the 2010 second quarter was $22.9 million compared to a loss from operations of $618.2 million for the 2009 second quarter. Adjusted loss from operations for the 2010 second quarter was $12.4 million compared to adjusted loss from operations of $5.1 million for the 2009 second quarter.
•Adjusted EBITDA was $9.0 million for the 2010 second quarter compared to $18.8 million for the 2009 second quarter.
•Net loss per share was $0.15 for the 2010 second quarter compared to a net loss per share of $4.90 for the 2009 second quarter. Adjusted net loss per share was $0.11 for the 2010 second quarter compared to adjusted net loss per share of $0.13 for the 2009 second quarter.
•Net debt, which is total debt less cash and cash equivalents, at March 31, 2010, decreased $88.4 million to $590.3 million since September 30, 2009.
“Our second-quarter results came in essentially as we had expected. Net sales excluding divested operations in the second quarter increased from the prior year period, the first quarter in six quarters in which net sales increased year-over-year,” said Gregory E. Hyland, chairman, president and chief executive officer of Mueller Water Products. “Capacity utilization increased in all three business segments: Mueller Co., U.S. Pipe and Anvil, which is expected to benefit our financial performance in the second half of the year. Unit bookings of our core products at Mueller Co. – valves, hydrants and brass service - increased 40 percent year-over-year, and bookings on a tonnage basis at U.S. Pipe increased over 50 percent. However, pricing continued to negatively impact sales at U.S. Pipe during the quarter, and we believe pricing could remain challenging for the balance of the fiscal year. Anvil’s results reflect the downturn in non-residential construction.
“We are seeing clear signs the water infrastructure market is gradually recovering and positive trends in some of our businesses. The improved order trends we saw in our water infrastructure markets in the first quarter strengthened further in the second quarter. The uptick in orders, especially as we enter the construction season, reinforces our belief that we will continue to increase capacity utilization, which should lead to higher margins.”
Second Quarter Consolidated Results
Net sales for the 2010 second quarter of $301.8 million declined $20.4 million from $322.2 million for the 2009 second quarter. Net sales declined due to the divestiture of two Anvil businesses, which had sales of $27.3 million in the 2009 second quarter, and lower pricing of $19.4 million, mainly at U.S. Pipe. These items were partially offset by $25.1 million of higher shipment volumes and favorable Canadian currency exchange rates of $2.6 million.
Adjusted loss from operations for the 2010 second quarter of $12.4 million increased $7.3 million from $5.1 million for the 2009 second quarter. Results were negatively impacted by the lower sales pricing and $9.4 million of higher per-unit overhead costs primarily due to lower production. The quarter’s results were positively impacted by $12.9 million of manufacturing and other cost savings, $7.4 million of higher shipment volumes and $3.6 million of lower raw material costs.
Second Quarter Segment Results
Mueller Co.
Net sales for Mueller Co. increased $26.4 million to $141.2 million for the 2010 second quarter from $114.8 million for the 2009 second quarter due mainly to $26.8 million of higher shipment volumes. Shipment volumes of iron gate valves, hydrants and brass service products for the quarter all increased above the prior year period.
Income from operations of $9.7 million for the 2010 second quarter increased $7.1 million from adjusted income from operations of $2.6 million for the 2009 second quarter. Adjusted EBITDA increased to $22.2 million for the 2010 second quarter from $15.8 million for the 2009 second quarter. Income from operations increased due to $9.9 million of higher shipment volumes and $5.3 million of manufacturing and other cost savings. These items were partially offset by $2.8 million of higher selling, general and administrative expenses primarily associated with investments in Mueller Systems, $2.0 million of higher per-unit overhead costs, and $1.2 million of lower sales pricing.
U.S. Pipe
Net sales for U.S. Pipe of $83.0 million for the 2010 second quarter declined $10.2 million from $93.2 million for the 2009 second quarter. This decrease was due to $17.6 million of lower pricing partially offset by $7.4 million of higher shipment volumes.
Adjusted loss from operations of $19.6 million and an adjusted EBITDA loss of $14.6 million for the 2010 second quarter compare to adjusted loss from operations of $10.9 million and an adjusted EBITDA loss of $4.7 million for the 2009 second quarter. The 2010 second quarter results were negatively impacted by lower sales pricing partially offset by a number of positive factors, including $4.8 million of manufacturing and other cost savings, $1.9 million of higher shipment volumes, $1.4 million of lower selling, general and administrative expenses and $1.1 million of lower raw material costs. During the quarter we recorded $10.4 million in restructuring charges primarily associated with the closure of the North Birmingham facility.
Anvil
Net sales for Anvil of $77.6 million for the 2010 second quarter declined $36.6 million from $114.2 million for the 2009 second quarter. Net sales declined $27.3 million due to the divestiture of two businesses and $9.1 million due to lower shipment volumes.
Adjusted income from operations of $6.0 million and adjusted EBITDA of $9.7 million for the 2010 second quarter compare to adjusted income from operations of $12.1 million and adjusted EBITDA of $16.5 million in the 2009 second quarter. Adjusted income from operations decreased $8.1 million from higher per-unit overhead costs primarily due to lower production and $4.4 million of lower shipment volumes. These decreases were partially offset by $3.1 million from the gain on the sale of one of the divestitures, $2.8 million of manufacturing and other cost savings and $2.1 million of lower raw material costs.
Interest Expense
Net interest expense of $14.8 million for the 2010 second quarter decreased from $16.6 million for the 2009 second quarter. The 2010 second quarter included a $1.2 million net benefit from the settlement of interest rate swap contracts associated with debt repayments. When adjusted, 2010 second quarter net interest expense decreased $0.6 million from the 2009 second quarter primarily due to lower debt levels during the 2010 second quarter partially offset by higher interest rates.
Use of Non-GAAP Measures
The Company presents adjusted income (loss) from operations, adjusted EBITDA, adjusted net loss, adjusted net loss per share, net debt and free cash flow as non-GAAP measures. Adjusted income (loss) from operations represents income (loss) from operations excluding impairment, restructuring and debt extinguishment-related items. Adjusted EBITDA represents income (loss) before depreciation, amortization, debt-related transactions, interest income, income taxes, impairment and restructuring charges. The Company presents adjusted EBITDA because it is an important supplemental measure of performance, and management believes it is frequently used by securities analysts, investors and interested parties in the evaluation of financial performance. Adjusted EBITDA has limitations as an analytical tool, and investors should not consider it in isolation or as a substitute for analysis of the Company's results as reported under accounting principles generally accepted in the United States ("GAAP"). Adjusted net loss and adjusted net loss per share exclude impairment and restructuring charges, gains and losses from the early settlement of interest rate swap contracts and the early extinguishment of debt. These items are excluded because they are considered unusual and not indicative of recurring operations. Net debt, which is total debt less cash and cash equivalents, is used because management reviews net debt as part of its management of the Company’s overall liquidity, financial flexibility, capital structure and leverage. Furthermore, certain debt rating agencies, creditors and credit analysts monitor the Company’s net debt as part of their assessment of the Company’s business. Free cash flow, which represents cash flows from operating activities less capital expenditures, is presented as a measurement of cash flow because it is commonly used by the investment community.
A reconciliation of non-GAAP to GAAP results is included as an attachment to this press release and has been posted online at www.muellerwaterproducts.com.
Conference Call Webcast
Mueller Water Products’ quarterly earnings conference call will take place Wednesday, May 5, 2010 at 9:00 a.m. EDT. Mueller Water Products’ chairman, president and chief executive officer, Gregory E. Hyland, and members of the Company’s leadership team will discuss the Company’s recent financial performance and respond to questions from financial analysts. Mueller Water Products invites interested investors to listen to the call and view the accompanying slide presentation, which will be carried live on its Web site at www.muellerwaterproducts.com.
Investors interested in listening to the call should log on to the Web site several minutes before the start of the call. After selecting the presentation icon, investors should follow the instructions to ensure their systems are set up to hear the event and view the accompanying presentation slides.
Safe Harbor Statement
This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address activities, events or developments that we intend, expect, plan, project, believe or anticipate will or may occur in the future are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding our ability to increase capacity utilization. Forward-looking statements are based on certain assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors, including regional, national or global political, economic, business, competitive, market and regulatory conditions and the following:
•the demand level of manufacturing and construction activity;
•our ability to service our debt obligations; and
•the other factors that are described in the section entitled “RISK FACTORS” in Item 1A of our most recently filed Annual Report on Form 10-K.
Undue reliance should not be placed on any forward-looking statements. We do not have any intention or obligation to update forward-looking statements after we file this press release, except as required by law.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading North American manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities. The Company's broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries for heating, ventilation and air conditioning, fire protection, industrial, energy and oil & gas industries. With latest 12 months net sales through March 31, 2010 of $1.4 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 5,100 people. The Company's common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products, Inc., please visit the Company's Web site at http://www.muellerwaterproducts.com/. See full financial tables at news at http://www.muellerwaterproducts.com/
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Water Stocks; ITT’s (NYSE: ITT) WEDECO Ozone Generators Chosen for City of Wichita Aquifer Storage Project
Water Stocks; ITT’s (NYSE: ITT) WEDECO Ozone Generators Chosen for City of Wichita Aquifer Storage Project
Combined treatment system removes Endocrine Disrupting Compounds, kills pathogens
CHARLOTTE, N.C.--(Investorideas.com water stocks newswire)--ITT Corporation (NYSE: ITT), a global leader in the transport and treatment of water and wastewater, announced that its WEDECO ozone generators have been chosen by Air Products and Chemicals, Inc. for placement in a new treatment plant in Wichita, Kansas. Together with Air Products’ Halia™ advanced oxidation system, ITT’s WEDECO ozone generators form a complete Advanced Oxidation Process (AOP) solution that removes Endocrine Disrupting Compounds (EDCs), which result from the use of pharmaceuticals and personal care products. The AOP solution is also capable of killing pathogens and mitigating bromate formation as a carcinogenic by-product. The system will treat 30 million gallons of water per day at the Wichita surface water treatment plant.
The plant is built in conjunction with the Equus Beds Aquifer Storage and Recovery Project. To counter water shortages due to population growth, the City of Wichita has developed this multi-phase project that will draw excess water from the Little Arkansas River. That water will be treated and then pumped into the Equus Beds Aquifer for future residential, agricultural and commercial use.
Shaun Porter, water industry specialist at Air Products said, “We are extremely pleased with our arrangement with ITT to provide a cost-effective contaminant removal solution. The Halia advanced oxidation system can help meet disinfection requirements while also destroying trace contaminants and minimizing the formation of by-products, such as bromate, making it ideal for drinking water applications, as well as water reuse and process water clean-up.”
WEDECO PDO Series ozone generators were selected for this project, with each unit producing 2,100 pounds per day of ozone. This system comes completely mounted and instrumented and utilizes the industry-leading WEDECO EFFIZON® HP electrodes and variable frequency power supply technology.
About ITT’s Water & Wastewater Business
ITT's Water & Wastewater business is a global provider of water handling and treatment solutions for municipal and industrial customers in more than 140 countries. ITT designs and delivers energy-efficient solutions and related services for water and wastewater transport, biological treatment, filtration and disinfection. The Water and Wastewater business employs a global sales network, has manufacturing sites in Europe, Asia and the Americas, and is based in Stockholm, Sweden. www.ittwww.com
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com
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Combined treatment system removes Endocrine Disrupting Compounds, kills pathogens
CHARLOTTE, N.C.--(Investorideas.com water stocks newswire)--ITT Corporation (NYSE: ITT), a global leader in the transport and treatment of water and wastewater, announced that its WEDECO ozone generators have been chosen by Air Products and Chemicals, Inc. for placement in a new treatment plant in Wichita, Kansas. Together with Air Products’ Halia™ advanced oxidation system, ITT’s WEDECO ozone generators form a complete Advanced Oxidation Process (AOP) solution that removes Endocrine Disrupting Compounds (EDCs), which result from the use of pharmaceuticals and personal care products. The AOP solution is also capable of killing pathogens and mitigating bromate formation as a carcinogenic by-product. The system will treat 30 million gallons of water per day at the Wichita surface water treatment plant.
The plant is built in conjunction with the Equus Beds Aquifer Storage and Recovery Project. To counter water shortages due to population growth, the City of Wichita has developed this multi-phase project that will draw excess water from the Little Arkansas River. That water will be treated and then pumped into the Equus Beds Aquifer for future residential, agricultural and commercial use.
Shaun Porter, water industry specialist at Air Products said, “We are extremely pleased with our arrangement with ITT to provide a cost-effective contaminant removal solution. The Halia advanced oxidation system can help meet disinfection requirements while also destroying trace contaminants and minimizing the formation of by-products, such as bromate, making it ideal for drinking water applications, as well as water reuse and process water clean-up.”
WEDECO PDO Series ozone generators were selected for this project, with each unit producing 2,100 pounds per day of ozone. This system comes completely mounted and instrumented and utilizes the industry-leading WEDECO EFFIZON® HP electrodes and variable frequency power supply technology.
About ITT’s Water & Wastewater Business
ITT's Water & Wastewater business is a global provider of water handling and treatment solutions for municipal and industrial customers in more than 140 countries. ITT designs and delivers energy-efficient solutions and related services for water and wastewater transport, biological treatment, filtration and disinfection. The Water and Wastewater business employs a global sales network, has manufacturing sites in Europe, Asia and the Americas, and is based in Stockholm, Sweden. www.ittwww.com
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com
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Tuesday, May 4, 2010
Nalco (NYSE:NLC) Responding to Oil Spill in Gulf of Mexico
Nalco (NYSE:NLC) Responding to Oil Spill in Gulf of Mexico
NAPERVILLE, Ill., May 3, 2010 (Investorideas.com water stocks newswire ) -- Nalco (NYSE:NLC) confirmed it is providing oil dispersants and support to BP and the responders dealing with the oil spill in the Gulf of Mexico. The company will continue to provide these dispersants as requested for as long as responders have the need.
"To date sales related to these dispersants have not had a material financial impact on our company," said Nalco Chairman and CEO Erik Fyrwald. "But it is impossible to predict at this time how long this incident will last or the magnitude of the overall response needed."
"Our suppliers have shown us great support in getting us the raw materials we need," Fyrwald added. "This has really been an industry-wide effort to limit the impacts of the spill. We all are committed to helping the people and environment of the Gulf Coast recover as rapidly as possible."
About Nalco (NYSE:NLC)
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2009, Nalco achieved sales of more than $3.7 billion.
Follow us on Twitter at www.twitter.com/Nalco_News and www.twitter.com/NalcoCompany.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
Contact:
Nalco CompanyMedia Contact:Charlie Pajor 630 305 1556 cpajor@nalco.comInvestor Contact:Mike Bushman 630 305 1025 mbushman@nalco.com
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NAPERVILLE, Ill., May 3, 2010 (Investorideas.com water stocks newswire ) -- Nalco (NYSE:NLC) confirmed it is providing oil dispersants and support to BP and the responders dealing with the oil spill in the Gulf of Mexico. The company will continue to provide these dispersants as requested for as long as responders have the need.
"To date sales related to these dispersants have not had a material financial impact on our company," said Nalco Chairman and CEO Erik Fyrwald. "But it is impossible to predict at this time how long this incident will last or the magnitude of the overall response needed."
"Our suppliers have shown us great support in getting us the raw materials we need," Fyrwald added. "This has really been an industry-wide effort to limit the impacts of the spill. We all are committed to helping the people and environment of the Gulf Coast recover as rapidly as possible."
About Nalco (NYSE:NLC)
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2009, Nalco achieved sales of more than $3.7 billion.
Follow us on Twitter at www.twitter.com/Nalco_News and www.twitter.com/NalcoCompany.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
Contact:
Nalco CompanyMedia Contact:Charlie Pajor 630 305 1556 cpajor@nalco.comInvestor Contact:Mike Bushman 630 305 1025 mbushman@nalco.com
______________________________________________
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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, May 3, 2010
Water Stocks; Nalco (NYSE: NLC) Spikes on News BP (NYSE: BP) Testing Chemicals for Oil Spill
Water Stocks; Nalco (NYSE: NLC) Spikes on News BP (NYSE: BP) Testing Chemicals for Oil Spill
Point Roberts WA, DELTA, BC May 3, 2010 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, reports water stock Nalco (NYSE: NLC) is trading up on significant volume on news reported from CBBC that BP (NYSE: BP) announced it has tested a chemical from Nalco that can attach itself to the oil . The stock has had a day trading range of $25.26- $29.25, as of this report.
CNBC News Report- BP Finds Chemical That Disperses Oil in Deep Water
http://www.cnbc.com/id/36886842?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
About Nalco (NYSE: NLC)
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2009, Nalco achieved sales of more than $3.7 billion
http://www.nalco.com/
Energy Services - http://www.nalco.com/industries/energy-oil-gas.htm
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.
Water-Stocks.com features water columns for investors following the sector; ‘Hydrocommerce Corner - Where Water & Money Meet’ with Bill Brennan and ‘BlueTech Tracker’ with Paul O'Callaghan.
Investors following publicly traded water companies can research water stocks at the water stocks directory.
The directory features publicly traded water stocks listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM, Hong Kong, China and other leading global Stock Exchanges . The stock directory features water stocks including desalination companies , bottled water stocks, infrastructure, water treatment and technology as well as other sub sectors.
Directory : http://investorideas.com/Water-Stocks/Stock_List.asp
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.
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
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Source: Water-Stocks.com, Investorideas.com
Point Roberts WA, DELTA, BC May 3, 2010 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, reports water stock Nalco (NYSE: NLC) is trading up on significant volume on news reported from CBBC that BP (NYSE: BP) announced it has tested a chemical from Nalco that can attach itself to the oil . The stock has had a day trading range of $25.26- $29.25, as of this report.
CNBC News Report- BP Finds Chemical That Disperses Oil in Deep Water
http://www.cnbc.com/id/36886842?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
About Nalco (NYSE: NLC)
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2009, Nalco achieved sales of more than $3.7 billion
http://www.nalco.com/
Energy Services - http://www.nalco.com/industries/energy-oil-gas.htm
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.
Water-Stocks.com features water columns for investors following the sector; ‘Hydrocommerce Corner - Where Water & Money Meet’ with Bill Brennan and ‘BlueTech Tracker’ with Paul O'Callaghan.
Investors following publicly traded water companies can research water stocks at the water stocks directory.
The directory features publicly traded water stocks listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM, Hong Kong, China and other leading global Stock Exchanges . The stock directory features water stocks including desalination companies , bottled water stocks, infrastructure, water treatment and technology as well as other sub sectors.
Directory : http://investorideas.com/Water-Stocks/Stock_List.asp
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.
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 Water-stocks.com
Contact:
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Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com http://www.water-stocks.com/
Source: Water-Stocks.com, Investorideas.com
Wednesday, April 28, 2010
Water Stocks; Energy Recovery Inc’s (NASDAQ: ERII) Pump Engineering Triumphs with Distinction Award for Water Technology Company of the Year
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
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.
_____________________________________________
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
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.
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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
Friday, February 26, 2010
Water Stocks News - Tampa Bay Desalination Plant Achieves Performance Milestones
Water Stocks News - Tampa Bay Desalination Plant Achieves Performance Milestones
Tampa Bay Water and American Water-Acciona Agua hit 25 MGD for 4 months mark, 20 MGD for 12 months
CLEARWATER, Fla.--(Investorideas.com water stocks newswire )--Tampa Bay Water, American Water (NYSE:AWK), and Acciona Agua announced today that the Tampa Bay Seawater Desalination Facility, the largest seawater desalination plant in the U.S., has passed the final two performance milestone tests. The tests required the plant to produce 25 million gallons of water per day (MGD) for 120 consecutive days and also average 20 MGD for 12 consecutive months. Both milestones were successfully completed this February.
“American Water is pleased to be a partner with Tampa Bay Water and Acciona Agua in delivering such a significant water solution”
.“The completion of the last of a series of operational milestones at the Tampa Bay Seawater Desalination facility is an achievement for all of the region’s water customers,” said Gerald Seeber, General Manager of Tampa Bay Water. “The Facility provides an important, drought-proof component to the region’s water supply system and is a true example of a successful public-private partnership.”
At 25 MGD, the plant provides about 10 percent of the Tampa Bay region’s drinking water supply and is operated by American Water and Acciona Agua through the joint venture American Water – Acciona Agua LLC. The desalination plant serves as a model that other coastal communities may consider as a practical and sustainable solution to ease their water challenges.
“American Water is pleased to be a partner with Tampa Bay Water and Acciona Agua in delivering such a significant water solution,” said Don Correll, president and CEO of American Water. “This innovative plant meets the growing water needs of the Tampa Bay area and has produced more than 18 billion gallons of water for 2.5 million customers in the last two years.”
Luis Castilla, President for ACCIONA Agua SA, stated, “The public-private partnership with Tampa Bay Water highlights our commitment to the Tampa Bay region that the facility can deliver.”
As a result of passing the test, Tampa Bay Water will receive $31.25 million dollars from the Southwest Florida Water Management District, commonly known as SWFWMD. SWFWMD had pledged funds to help build the plant, but had required the plant to achieve four performance benchmarks prior to releasing all the funds.
Seawater desalination is a sustainable, drought-proof, environmentally sound source of drinking water. Groundwater from aquifers and surface water from rivers is already part of Tampa Bay Water's regional system, but seawater desalination was selected to add another element of diversity and drought-resistance to the region's water supply network.
Tampa Bay Water provides wholesale water to the public utility systems of Hillsborough, Pasco and Pinellas counties, as well as the cities of New Port Richey, St. Petersburg and Tampa, who in turn serve 2.5 million people in the Tampa Bay region. To learn more about Tampa Bay Water, please visit www.tampabaywater.org.
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 16 million people in 35 states and Ontario and Manitoba, Canada.
Based in Madrid, Spain, ACCIONA is one of Spain’s leading business corporations with more than 35,000 employees around the world. The company operates in infrastructure, energy, water and services in more than thirty countries. As part of this group ACCIONA Agua is one of the largest water treatment companies in the world, with over 75 desalination facilities in design, construction, or operation on 5 continents and water services to more than 2.5 million people, including the largest reverse osmosis facilities in Spain, Australia, the UK, and the U.S. and recently has been awarded with the largest wastewater treatment plant in the world, located in Atotonilco, Mexico.
_________________________________
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
Tampa Bay Water and American Water-Acciona Agua hit 25 MGD for 4 months mark, 20 MGD for 12 months
CLEARWATER, Fla.--(Investorideas.com water stocks newswire )--Tampa Bay Water, American Water (NYSE:AWK), and Acciona Agua announced today that the Tampa Bay Seawater Desalination Facility, the largest seawater desalination plant in the U.S., has passed the final two performance milestone tests. The tests required the plant to produce 25 million gallons of water per day (MGD) for 120 consecutive days and also average 20 MGD for 12 consecutive months. Both milestones were successfully completed this February.
“American Water is pleased to be a partner with Tampa Bay Water and Acciona Agua in delivering such a significant water solution”
.“The completion of the last of a series of operational milestones at the Tampa Bay Seawater Desalination facility is an achievement for all of the region’s water customers,” said Gerald Seeber, General Manager of Tampa Bay Water. “The Facility provides an important, drought-proof component to the region’s water supply system and is a true example of a successful public-private partnership.”
At 25 MGD, the plant provides about 10 percent of the Tampa Bay region’s drinking water supply and is operated by American Water and Acciona Agua through the joint venture American Water – Acciona Agua LLC. The desalination plant serves as a model that other coastal communities may consider as a practical and sustainable solution to ease their water challenges.
“American Water is pleased to be a partner with Tampa Bay Water and Acciona Agua in delivering such a significant water solution,” said Don Correll, president and CEO of American Water. “This innovative plant meets the growing water needs of the Tampa Bay area and has produced more than 18 billion gallons of water for 2.5 million customers in the last two years.”
Luis Castilla, President for ACCIONA Agua SA, stated, “The public-private partnership with Tampa Bay Water highlights our commitment to the Tampa Bay region that the facility can deliver.”
As a result of passing the test, Tampa Bay Water will receive $31.25 million dollars from the Southwest Florida Water Management District, commonly known as SWFWMD. SWFWMD had pledged funds to help build the plant, but had required the plant to achieve four performance benchmarks prior to releasing all the funds.
Seawater desalination is a sustainable, drought-proof, environmentally sound source of drinking water. Groundwater from aquifers and surface water from rivers is already part of Tampa Bay Water's regional system, but seawater desalination was selected to add another element of diversity and drought-resistance to the region's water supply network.
Tampa Bay Water provides wholesale water to the public utility systems of Hillsborough, Pasco and Pinellas counties, as well as the cities of New Port Richey, St. Petersburg and Tampa, who in turn serve 2.5 million people in the Tampa Bay region. To learn more about Tampa Bay Water, please visit www.tampabaywater.org.
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 16 million people in 35 states and Ontario and Manitoba, Canada.
Based in Madrid, Spain, ACCIONA is one of Spain’s leading business corporations with more than 35,000 employees around the world. The company operates in infrastructure, energy, water and services in more than thirty countries. As part of this group ACCIONA Agua is one of the largest water treatment companies in the world, with over 75 desalination facilities in design, construction, or operation on 5 continents and water services to more than 2.5 million people, including the largest reverse osmosis facilities in Spain, Australia, the UK, and the U.S. and recently has been awarded with the largest wastewater treatment plant in the world, located in Atotonilco, Mexico.
_________________________________
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
Sunday, February 21, 2010
Water Stocks news - Insituform Receives Contracts Valued at US $19.9 Million to Rehabilitate Wastewater Pipelines in Singapore
Insituform Receives Contracts Valued at US $19.9 Million to Rehabilitate Wastewater Pipelines in Singapore
ST. LOUIS--Insituform Technologies; Inc. (Nasdaq Global Select Market: INSU) announced today that its Singapore subsidiary; Insitu Envirotech (S.E. Asia) Pte Ltd. (“Insituform”); has been awarded four contracts totaling US $18.5 million.
Under the contracts; Insituform will perform work for the Public Utility Board (PUB); Singapore’s national water agency; and rehabilitate approximately 50 miles of sewer pipeline though the use of the Insituform® cured-in-place pipe (CIPP) process. Insituform also announced it has received an additional US $1.4 million in orders to supply CIPP tube to third parties in Singapore.
For the year; Insituform has received approximately $3.1 million in third-party; CIPP tube sale orders.
In 2009; PUB; Singapore’s publicly-owned water utility; began work on a multi-year US $295 million rehabilitation program. This rehabilitation program is expected to be completed in 2014 and will upgrade over 700 miles of public sewers and 30 miles of pumping mains. PUB serves a population of over 4.5 million Singaporeans. These contracts are part of PUB’s ongoing rehabilitation program.
“Insituform looks forward to continuing its work with PUB and to the opportunity to bid on additional work as PUB continues its ongoing rehabilitation program. In addition; we continue to provide enhanced services to the market in Singapore by supplying local rehabilitation contractors with our CIPP tube. We expect to continue this offering by supplying CIPP tubes for PUB projects for many years to come; ” said Daniel Cowan; Insituform’s Vice-President; Asia-Pacific.
The iPlus Infusion® system for small-diameter wastewater pipelines and the iPlus® Composite system for medium- to large-diameter wastewater pipelines will be used for the first time in Singapore on this project. These next-generation CIPP solutions provide PUB with an environmentally beneficial solution. Insituform plans to utilize its air invert steam cure (AISC) technology to complete this project; which will reduce water and energy usage on the job site by approximately 95 percent.; Insituform expects this project will create 45 new positions including laborers; field management and administrative personnel in Singapore. In addition; locally-owned subcontractors will be used to complete work on this project; which is expected to begin in March 2010 and be completed by December 2011.
“Singapore’s PUB is one of the most progressive water utilities in the world. This project; which is Phase IV in its overall sewer rehabilitation program; allows Insituform to introduce its next-generation solutions to Asia. We remain committed to partnering with PUB to ensure it can continue to meet its customer demands. By utilizing our innovative technology; PUB will be able to upgrade its system with little disruption to the people of Singapore; ” Cowan continued.;
For photography; an interview; or more information on the CIPP process and how it works; please contact Aura Joyce at 636-530-8775
About Insituform; Insituform Technologies; Inc. is a leading worldwide provider of proprietary technologies and services for rehabilitating sewer; water; energy and mining piping systems and the corrosion protection of industrial pipelines. More information about the Company can be found on its internet site at http://www.insituform.com./
Forward-Looking Statements; The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company’s beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management’s beliefs; assumptions; estimates or projections and are not guarantees of future events or results. When used in this document; the words “anticipate; ” “estimate; ” “believe; ” “plan; ” “intend; ” “may; ” “will” and similar expressions are intended to identify forward-looking statements; but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks; uncertainties and assumptions; including those referred to in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31; 2008; as filed with the Securities and Exchange Commission on March 2; 2009; and in our subsequent quarterly reports on Form 10-Q. In light of these risks; uncertainties and assumptions; the forward-looking events may not occur. In addition; our actual results may vary materially from those anticipated; estimated; suggested or projected. Except as required by law; we do not assume a duty to update forward-looking statement; whether as a result of new information; future events or otherwise. Investors should; however; review additional disclosures made by the Company from time to time in its periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by the Company in this news release are qualified by these cautionary statements.; Insituform®; iPlus Infusion®; iPlus® Composite and the Insituform® logo are the registered trademarks of Insituform Technologies; Inc. and its affiliates.
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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
ST. LOUIS--Insituform Technologies; Inc. (Nasdaq Global Select Market: INSU) announced today that its Singapore subsidiary; Insitu Envirotech (S.E. Asia) Pte Ltd. (“Insituform”); has been awarded four contracts totaling US $18.5 million.
Under the contracts; Insituform will perform work for the Public Utility Board (PUB); Singapore’s national water agency; and rehabilitate approximately 50 miles of sewer pipeline though the use of the Insituform® cured-in-place pipe (CIPP) process. Insituform also announced it has received an additional US $1.4 million in orders to supply CIPP tube to third parties in Singapore.
For the year; Insituform has received approximately $3.1 million in third-party; CIPP tube sale orders.
In 2009; PUB; Singapore’s publicly-owned water utility; began work on a multi-year US $295 million rehabilitation program. This rehabilitation program is expected to be completed in 2014 and will upgrade over 700 miles of public sewers and 30 miles of pumping mains. PUB serves a population of over 4.5 million Singaporeans. These contracts are part of PUB’s ongoing rehabilitation program.
“Insituform looks forward to continuing its work with PUB and to the opportunity to bid on additional work as PUB continues its ongoing rehabilitation program. In addition; we continue to provide enhanced services to the market in Singapore by supplying local rehabilitation contractors with our CIPP tube. We expect to continue this offering by supplying CIPP tubes for PUB projects for many years to come; ” said Daniel Cowan; Insituform’s Vice-President; Asia-Pacific.
The iPlus Infusion® system for small-diameter wastewater pipelines and the iPlus® Composite system for medium- to large-diameter wastewater pipelines will be used for the first time in Singapore on this project. These next-generation CIPP solutions provide PUB with an environmentally beneficial solution. Insituform plans to utilize its air invert steam cure (AISC) technology to complete this project; which will reduce water and energy usage on the job site by approximately 95 percent.; Insituform expects this project will create 45 new positions including laborers; field management and administrative personnel in Singapore. In addition; locally-owned subcontractors will be used to complete work on this project; which is expected to begin in March 2010 and be completed by December 2011.
“Singapore’s PUB is one of the most progressive water utilities in the world. This project; which is Phase IV in its overall sewer rehabilitation program; allows Insituform to introduce its next-generation solutions to Asia. We remain committed to partnering with PUB to ensure it can continue to meet its customer demands. By utilizing our innovative technology; PUB will be able to upgrade its system with little disruption to the people of Singapore; ” Cowan continued.;
For photography; an interview; or more information on the CIPP process and how it works; please contact Aura Joyce at 636-530-8775
About Insituform; Insituform Technologies; Inc. is a leading worldwide provider of proprietary technologies and services for rehabilitating sewer; water; energy and mining piping systems and the corrosion protection of industrial pipelines. More information about the Company can be found on its internet site at http://www.insituform.com./
Forward-Looking Statements; The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company’s beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management’s beliefs; assumptions; estimates or projections and are not guarantees of future events or results. When used in this document; the words “anticipate; ” “estimate; ” “believe; ” “plan; ” “intend; ” “may; ” “will” and similar expressions are intended to identify forward-looking statements; but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks; uncertainties and assumptions; including those referred to in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31; 2008; as filed with the Securities and Exchange Commission on March 2; 2009; and in our subsequent quarterly reports on Form 10-Q. In light of these risks; uncertainties and assumptions; the forward-looking events may not occur. In addition; our actual results may vary materially from those anticipated; estimated; suggested or projected. Except as required by law; we do not assume a duty to update forward-looking statement; whether as a result of new information; future events or otherwise. Investors should; however; review additional disclosures made by the Company from time to time in its periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by the Company in this news release are qualified by these cautionary statements.; Insituform®; iPlus Infusion®; iPlus® Composite and the Insituform® logo are the registered trademarks of Insituform Technologies; Inc. and its affiliates.
______________________________________________
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
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