Cadiz's ATEC Water Systems Wins $1.6M in New Sales Contracts
Cadiz, Inc. (NASDAQ: CDZI) announced that its subsidiary ATEC Water Systems, has secured three new sales contracts totaling $1.6 million for arsenic, iron, and manganese filtration systems. These systems, set for delivery in 2025, will serve nearly 100,000 people in California, Washington, and Oregon, processing up to 10 million gallons per day.
ATEC's growth is driven by tightening water quality regulations and increasing demand for groundwater treatment. Cadiz expects ATEC's gross segment revenues to reach $15 million for fiscal year 2024, with strong growth anticipated in 2025. The company's treatment systems use patent-pending filter media processes to remove common groundwater contaminants, offering scalable solutions for various community sizes and needs.
Cadiz, Inc. (NASDAQ: CDZI) ha annunciato che la sua sussidiaria ATEC Water Systems ha ottenuto tre nuovi contratti di vendita del valore totale di 1,6 milioni di dollari per sistemi di filtrazione dell'arsenico, del ferro e del manganese. Questi sistemi, previsti per la consegna nel 2025, serviranno quasi 100.000 persone in California, Washington e Oregon, con una capacità di lavorare fino a 10 milioni di galloni al giorno.
La crescita di ATEC è guidata dall'inasprimento delle normative sulla qualità dell'acqua e dall'aumento della domanda di trattamento delle acque sotterranee. Cadiz si aspetta che i ricavi lordi del segmento ATEC raggiungano i 15 milioni di dollari per l'anno fiscale 2024, con una forte crescita prevista per il 2025. I sistemi di trattamento dell'azienda utilizzano processi di filtrazione con media brevettati in attesa di registrazione per rimuovere contaminanti comuni delle acque sotterranee, offrendo soluzioni scalabili per diverse dimensioni e necessità delle comunità.
Cadiz, Inc. (NASDAQ: CDZI) anunció que su subsidiaria ATEC Water Systems ha asegurado tres nuevos contratos de venta por un total de 1.6 millones de dólares para sistemas de filtración de arsénico, hierro y manganeso. Estos sistemas, programados para entrega en 2025, servirán a casi 100,000 personas en California, Washington y Oregón, procesando hasta 10 millones de galones por día.
El crecimiento de ATEC se impulsa por el endurecimiento de las normativas de calidad del agua y una creciente demanda de tratamiento de aguas subterráneas. Cadiz espera que los ingresos brutos del segmento de ATEC alcancen los 15 millones de dólares para el año fiscal 2024, con un fuerte crecimiento anticipado para 2025. Los sistemas de tratamiento de la empresa utilizan procesos de medios filtrantes patentados para eliminar contaminantes comunes de las aguas subterráneas, ofreciendo soluciones escalables para diversas comunidades y necesidades.
Cadiz, Inc. (NASDAQ: CDZI)는 자회사 ATEC Water Systems가 총 160만 달러 규모의 세 개의 새로운 판매 계약을 체결했다고 발표했습니다. 이 필터링 시스템은 2025년 배송 예정이며, 캘리포니아, 워싱턴 및 오리건에 거의 10만 명을 서비스할 것입니다. 이 시스템은 하루에 최대 1천만 갤런의 물을 처리할 수 있습니다.
ATEC의 성장은 물 품질 규정의 강화와 지하수 처리에 대한 수요 증가에 의해 촉진되고 있습니다. Cadiz는 ATEC의 2024 회계연도 매출이 1500만 달러에 이를 것으로 예상하며, 2025년에는 강력한 성장이 예상됩니다. 이 회사의 처리 시스템은 일반적인 지하수 오염 물질을 제거하기 위해 특허 출원 중인 필터 매체 공정을 사용하여 다양한 커뮤니티 규모와 필요에 맞춰 확장 가능한 솔루션을 제공합니다.
Cadiz, Inc. (NASDAQ: CDZI) a annoncé que sa filiale ATEC Water Systems a sécurisé trois nouveaux contrats de vente d'un total de 1,6 million de dollars pour des systèmes de filtration d'arsenic, de fer et de manganèse. Ces systèmes, prévus pour une livraison en 2025, serviront près de 100 000 personnes en Californie, Washington et Oregon, pouvant traiter jusqu'à 10 millions de gallons par jour.
La croissance d'ATEC est stimulée par le renforcement des réglementations sur la qualité de l'eau et une demande croissante pour le traitement des eaux souterraines. Cadiz s'attend à ce que les revenus bruts du segment ATEC atteignent 15 millions de dollars pour l'exercice fiscal 2024, avec une forte croissance attendue en 2025. Les systèmes de traitement de l'entreprise utilisent des processus de médias filtrants en instance de brevet pour éliminer les contaminants courants des eaux souterraines, offrant des solutions évolutives pour différentes tailles de communauté et besoins.
Cadiz, Inc. (NASDAQ: CDZI) gab bekannt, dass ihre Tochtergesellschaft ATEC Water Systems drei neue Verkaufsverträge im Gesamtwert von 1,6 Millionen Dollar für Systeme zur Filtration von Arsen, Eisen und Mangan gesichert hat. Diese Systeme, die für die Lieferung im Jahr 2025 vorgesehen sind, werden fast 100.000 Menschen in Kalifornien, Washington und Oregon bedienen und bis zu 10 Millionen Gallonen pro Tag verarbeiten.
Das Wachstum von ATEC wird durch strengere Wasserqualitätsvorschriften und die steigende Nachfrage nach Grundwasserbehandlung vorangetrieben. Cadiz erwartet, dass die Bruttoeinnahmen des ATEC-Segments im Geschäftsjahr 2024 15 Millionen Dollar erreichen werden, wobei für 2025 ein starkes Wachstum prognostiziert wird. Die Behandlungssysteme des Unternehmens verwenden patentierte Filtermedienprozesse, um gängige Grundwasserverunreinigungen zu entfernen und bieten skalierbare Lösungen für unterschiedliche Gemeinschaftsgrößen und Bedürfnisse.
- ATEC secured $1.6 million in new sales contracts for water filtration systems
- Cadiz expects ATEC's gross segment revenues to reach $15 million for fiscal year 2024
- Strong segment growth anticipated in 2025
- ATEC's systems are scalable and address a wide range of groundwater contaminants
- Increasing demand for ATEC's treatment products due to tightening water quality regulations
- None.
Insights
The
The contracts' delivery timeline in 2025 suggests a growing backlog and potential for sustained revenue growth. The company's projection of "strong segment growth in 2025" is encouraging, though specific figures would be more informative for investors.
Cadiz's
However, investors should note that while promising, the water treatment segment is still a relatively small part of Cadiz's overall business, which includes significant land and water rights assets. The company's ability to leverage these contracts into larger-scale opportunities will be important for long-term growth and profitability.
The new contracts for ATEC Water Systems highlight the growing importance of groundwater treatment technologies in addressing water quality issues. The systems' ability to remove arsenic, iron and manganese from groundwater supplies serving nearly 100,000 people underscores the critical role of such technologies in ensuring safe drinking water.
The scalability of ATEC's treatment systems, from large 60 million gallons per day installations to smaller customized solutions, demonstrates versatility in addressing diverse community needs. This adaptability is a significant advantage in the water treatment market.
The mention of tightening water quality regulatory standards as a driver for growth is particularly noteworthy. As environmental regulations become more stringent, demand for advanced water treatment solutions is likely to increase, potentially creating a long-term growth opportunity for companies like Cadiz.
However, it's important to consider the competitive landscape in the water treatment industry and Cadiz's ability to maintain technological advantages. The patent-pending status of their filter media processes suggests ongoing innovation, which will be important for sustaining market position.
Arsenic, iron and manganese filter systems to be delivered in 2025.
"Groundwater contamination is a growing global threat," said Susan Kennedy, Cadiz CEO and Board Chair. "The demand we've been seeing over the last few months for ATEC's treatment products is setting us on a path for strong segment growth in 2025."
Under the new sales contracts announced today, ATEC will manufacture treatment systems using its 42" and 48" wide filters to remove arsenic, iron and manganese from groundwater supplies in rural and suburban communities in
"I am proud of the work we are doing to help water districts, cities and disadvantaged communities clean up their groundwater, and we are excited to ramp up production at ATEC to meet the growing demand we're seeing for our products." said Lee Odell, ATEC's Chief Operating Officer."
Since Cadiz acquired ATEC's assets in 2023 for
The ATEC treatment system uses patent-pending filter media processes to remove common groundwater contaminants by adsorption. The filters and systems are fully scalable and can be manufactured to different sizes and specifications depending on the volume of groundwater treated; contracts to date range from 60 million gallons a day for the largest water conservancy district in
About ATEC
ATEC Water Systems, LLC is a wholly owned subsidiary of Cadiz, Inc. (NASDAQ: CDZI) and a leading producer of specialized water treatment solutions for contaminated groundwater sources. ATEC's treatment solutions are affordable, highly scalable, and easy to maintain, making them practical for a variety of applications from small, underserved communities to large municipalities. ATEC's filters have been installed at over 450 locations, including community, municipal, agricultural, and industrial sites and used to successfully reduce and remove iron, manganese, arsenic, chromium-6 and other contaminants of concern, solving some of the toughest groundwater treatment challenges. To learn more, visit www.atecwater.com.
About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectations regarding ATEC segment revenues. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Securities and Exchange Commission (the "Commission"), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2023 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.
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SOURCE Cadiz, Inc.
FAQ
What is the value of ATEC Water Systems' new sales contracts announced by Cadiz (CDZI)?
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