Global Water Resources Joins National Association of Water Companies

Rhea-AI Summary

Global Water Resources (GWRS) has joined the National Association of Water Companies (NAWC), enhancing its position in the water management sector. NAWC members invest over $3 billion annually in infrastructure improvements, serving more than 73 million Americans. Global Water aims to leverage its NAWC membership to advance environmental stewardship, enhance water quality, and pursue growth opportunities. The company has implemented Total Water Management, maximizing recycled water use in water-scarce areas. This strategic move could open new avenues for growth and innovation in water resource management.

Positive

• Membership in NAWC offers access to industry leadership and resources for growth.
• Total Water Management strategy maximizes recycled water usage, supporting sustainability.
• Commitment to environmental stewardship and water quality enhancement aligns with industry trends.

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• None.

PHOENIX, July 23, 2020 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has joined the National Association of Water Companies (NAWC).

NAWC’s membership includes regulated drinking water and wastewater utilities that collectively provide safe and reliable water services to more than 73 million Americans nationwide. Every year its members invest more than $3 billion in infrastructure investments designed to maintain an exceptional level of service and a strong record of compliance with health and environmental regulations.  

“We proudly welcome Global Water Resources to our organization of the nation’s leading water service providers,” said Robert F. Powelson, president and CEO of NAWC. “We recognize that Global Water has long championed our shared mission of ensuring reliable water and wastewater services with a focus on efficiency, quality and conservation. We look forward to working together with their team of dedicated professionals, innovative thinkers and inspired leaders to further advance this mission for the communities they serve.”

Global Water has been recognized for its highly-effective implementation of Total Water Management (TWM), an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area which maximizes the beneficial use of recycled water. TWM conserves water by using the right water for the right use and helps protect water supplies in water-scarce areas experiencing population growth.

“Joining NAWC represents a valuable opportunity to connect with and learn from the organization’s experienced leadership and its other members, as we strive to remain at the forefront of the water management industry,” commented Global Water president and CEO, Ron Fleming. “We believe this access will help us advance our goals around environmental stewardship, enhancing water quality and services, and investing in infrastructure. We also see our NAWC membership as a resource to help us successfully execute upon the many growth opportunities ahead.”

For more information about NAWC, visit NAWC.org or follow it on Twitter, Facebook and YouTube.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 12 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually. To learn more, visit www.gwresources.com.

Cautionary Note Regarding Forward-Looking Statements
This press release includes certain forward-looking statements which reflect the company's expectations regarding future events. The forward-looking statements involve a number of assumptions, risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our strategy, growth opportunities, including in our core asset base, acceleration of our growth, consolidation, acquisition plans, benefits to stakeholders, and other statements that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or the negative of these terms, or other words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to a number of risks, uncertainties, and assumptions, most of which are difficult to predict and many of which are beyond our control. Actual results may differ materially from these expectations due to changes in political, economic, business, market, regulatory, and other factors, including the duration and severity of the COVID-19 pandemic and the actions to contain the virus or treat its impact. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s views as of the date hereof. Factors that may affect future results are disclosed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. This includes, but is not limited to, our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and subsequent filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, except as required by law, whether as a result of new information, future developments, or otherwise.

Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
mike.liebman@gwresources.com

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

 

FAQ

What does Global Water Resources' membership in NAWC mean for its future?

Joining NAWC provides Global Water with resources and connections to drive growth and enhance environmental initiatives.

How does Total Water Management benefit Global Water Resources?

Total Water Management helps Global Water maximize the use of recycled water, addressing water scarcity and promoting sustainability.

What is the significance of NAWC's investment in infrastructure?

NAWC members collectively invest over $3 billion annually to maintain compliance and improve water services across the U.S.

How many utilities does Global Water Resources operate?

Global Water operates 12 utilities providing water, wastewater, and recycled water services, primarily in metropolitan Phoenix.

What are the goals of Global Water Resources with its NAWC membership?

Global Water aims to enhance water quality, environmental stewardship, and infrastructure investment through its NAWC membership.