GEORGE TOWN, Cayman Islands, July 05, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported that its property and equipment sustained no damage after Hurricane Beryl passed approximately 40 miles south of the Cayman Islands early Thursday morning.
âFortunately, Grand Cayman was spared the kind of damage that this storm caused to other islands in the Caribbean,â stated Consolidated Water CEO, Rick McTaggart. âThere have been reports of flooding and wave damage to properties, particularly on the south side of Grand Cayman which is outside our retail water service area. Our dedicated and experienced operations staff ensured that we continued to supply water to our retail customers throughout the storm and I am very grateful for their efforts. The Cayman Islands National Emergency Operations Centre issued an âall clearâ for the Islands yesterday afternoon and the hurricane has since moved away from the area. We have resumed normal operations.â
Given the hurricaneâs current projected path, the company does not expect it to have any impact on its other operations.
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company recently entered the U.S. desalination market with a contract to design, construct, operate and maintain a seawater desalination plant in Hawaii.
The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment. For more information, visit cwco.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements that may constitute âforward-lookingâ statements, usually containing the words âbelieveâ, âestimateâ, âprojectâ, âintendâ, âexpectâ, âshouldâ, âwillâ or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For more information about risks and uncertainties associated with the Companyâs business, please refer to the âManagementâs Discussion and Analysis of Financial Condition and Results of Operationsâ and âRisk Factorsâ sections of the Companyâs SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting the Companyâs Secretary at the Companyâs executive offices or at the âInvestors â SEC Filingsâ page of the Companyâs website at http://ir.cwco.com/docs. Except as otherwise required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
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Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
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Media Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
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