Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water
resource management company, has been invited to ring the Nasdaq
Stock Market Closing Bell on Thursday, November 9, to commemorate
its 20 year anniversary of providing award-winning Total Water
Management (TWM) to Arizona communities.
Event: Nasdaq Closing Bell
CeremonyLocation: Nasdaq MarketSite, 4 Times
Square, 43rd & BroadwayDate: Thursday,
November 9Live Broadcast
Link: https://www.nasdaq.com/marketsite/bell-ringing-ceremonyBroadcast
Link Goes Live: 3:30 p.m. Eastern TimeCeremony
Begins: 3:52 p.m. Eastern Time
Starting at 3:30 p.m. Eastern, the online stream will initially
present a live view of the Nasdaq Tower in Time Square, with the
Global Water logo and Nasdaq trading symbol on display until the
ceremony begins at about 3:52 p.m.
Global Water president and CEO, Ron Fleming, will speak at the
start of the ceremony. He will then be joined by other members of
the Global Water team to ring the closing bell at 4:00 p.m.
The event will be broadcast live across major business news
networks, including CNBC, Fox Business News and Bloomberg TV, and
simultaneously displayed on the Nasdaq Tower.
A replay of the event will be available on the Nasdaq MarketSite
website here.
“We’re honored to celebrate the 20th anniversary of our founding
at the historic Nasdaq MarketSite in Times Square,” stated Fleming.
“We’ve made tremendous progress as a Nasdaq-listed company
fulfilling our mission of consolidating water and wastewater
utilities in a manner that allows our communities to realize the
benefit of consolidation, regionalization, and environmental
stewardship in the face of water scarcity. Now in our 8th year of
trading on Nasdaq, we’re excited to say the best is yet to
come!”
The company has also grown significantly over this period, due
to organic growth within its fast-growing communities, and through
an active M&A program that has been expanding the company’s
portfolio of utilities in major metro growth corridors around
Phoenix and Tucson, Arizona. Since 2017, the company has acquired
and integrated 12 utilities, bringing its total owned and operated
utilities to 29 across the state’s three largest counties:
Maricopa, Pima and Pinal. Global Water’s total active residential,
commercial and industrial connections recently reached more than
60,000, making it one of the largest integrated water and
wastewater service providers in the state.
Global Water’s unique TWM approach helps to preserve precious
groundwater resources and supports long-term water supply planning.
This approach helps maximize water resources to support Arizona’s
100-year assured water supply requirement for new housing
subdivisions.
TWM is an integrated approach to managing the entire water cycle
that involves owning and operating water, wastewater and recycled
water utilities within the same geographic area in order to
maximize the beneficial use of recycled water. TWM enables smart
water management programs, such as remote metering infrastructure
and other advanced technologies, rate designs, and incentives that
result in real conservation.
Global Water recycles over 1 billion gallons of water annually
with a total of more than 15.5 billion gallons recycled since 2004.
The company’s extensive ‘purple pipe’ program preserves precious
drinking water by enabling recycled wastewater to be used in public
common areas.
Since 2016, Global Water has been publicly traded on the Nasdaq
Capital Markets and it has shared its success with its shareholders
with a significant monthly dividend. The company recently announced
its first annual environmental, social, and governance (ESG) and
sustainability report that highlights its leadership in TWM.
To learn more about Global Water, visit gwresources.com. To
request a meeting with management, please contact Ron Both or Tim
Randall at (949) 432-7557 or submit a request here.
About Global Water ResourcesGlobal Water
Resources, Inc. is a leading water resource management company that
owns and operates 29 systems 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 over 1 billion gallons of water annually with a
total of more than 15.5 billion gallons recycled since 2004.
The company has been recognized for its highly effective
implementation of Total Water Management (TWM). TWM is an
integrated approach to managing the entire water cycle that
involves owning and operating water, wastewater and recycled water
utilities within the same geographic area in order to maximize the
beneficial use of recycled water. It enables smart water management
programs such as remote metering infrastructure and other advanced
technologies, rate designs, and incentives that result in real
conservation. TWM helps protect water supplies in water-scarce
areas experiencing population growth.
Global Water has received numerous industry awards, including
national recognition as a ‘Utility of the Future Today’ for its
superior water reuse practices by a national consortium of water
and conservation organizations led by the Water Environment
Federation (WEF). The company also received Cityworks’ 2022
Excellence in Departmental Practice Award for demonstrating
leadership and creativity in applying public asset management
strategies to daily operations and long-term planning.
To learn more, visit www.gwresources.com.
Cautionary Note Regarding Forward-Looking
StatementsThis press release includes certain
forward-looking statements which reflect our 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 expressed or
implied in the forward-looking statements. These forward-looking
statements include, but are not limited to, statements concerning
our expectations about our strategies and future business plans,
prospective performance, growth, and opportunities; our plans and
intentions relating to our environmental, social, and governance
(ESG) commitments and initiatives; and our expectations relating to
the benefits resulting from the implementation of our technologies
and strategic rate structures. Forward looking statements also
include such other statements that are not historical facts, as
well as statements identified by words such as “believes”,
“anticipates”, “plans”, “expects”, “intends”, “projects”,
“estimates”, “objective”, “goal”, “focus”, “aim”, “should”,
“could”, “may”, and similar expressions.
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. Factors that may also 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, 2022 and subsequent filings with the
SEC. Accordingly, investors are cautioned not to place undue
reliance on any forward-looking statements, which reflect
management’s views as of the date hereof. 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 SVPTel (480) 999-5104 Email Contact
Investor Relations ContactRon Both or Grant
StudeCMA Investor Relations Tel (949) 432-7566Email Contact
Media & ESG ContactTim RandallCMA Media
Relations Tel (949) 432-7572Email Contact
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