Consolidated Water Sustains No Damage in Grand Cayman From Major Hurricane Beryl
05 Julho 2024 - 4:45AM
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.
“Fortunately, Grand Cayman was spared the kind of damage that
this storm caused to other islands in the Caribbean,” stated
Consolidated Water CEO, Rick McTaggart. “There 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 ‘all clear’ for the
Islands yesterday afternoon and the hurricane has since moved away
from the area. We have resumed normal operations.”
Given the hurricane’s 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 “forward-looking” statements, usually containing the
words “believe”, “estimate”, “project”, “intend”, “expect”,
“should”, “will” 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 Company’s business, please refer to the “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” and “Risk Factors” sections of the Company’s 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 Company’s Secretary at the Company’s
executive offices or at the “Investors – SEC Filings” page of the
Company’s 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. SasnettExecutive Vice
President and CFOTel (954) 509-8200Email Contact
Investor Relations ContactRon Both or Grant
StudeCMA Investor RelationsTel (949) 432-7566Email Contact
Media Contact:Tim RandallCMA Media RelationsTel
(949) 432-7572Email Contact
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