Oct 11, 2017
TAMPA, Fla., Oct. 11, 2017 /PRNewswire/ -- AquaVenture Holdings Limited (NYSE: WAAS) ("AquaVenture" or the "Company"), a
leader in Water-as-a-Service ("WAAS ") solutions, today provided an update on its Caribbean operations following Hurricanes
Irma and Maria.
Doug Brown, AquaVenture's Chairman and Chief Executive Officer, said: "I am proud of the vital role AquaVenture is playing in
supporting the islands impacted by the recent hurricanes. All of our employees are safe and continue to work tirelessly servicing the
areas that need help the most during these difficult times. Today, we are taking the opportunity to provide an additional update nearly
one month after Hurricanes Irma and Maria. We are very pleased that all of our plants are operating, except for one very small plant in
the USVI, which is waiting for power from the local utility. In addition, all of the islands where we have operations are delivering clean
water to their populations, a role we are actively contributing to. Our facilities incurred minimal damage from the hurricanes and, as a
result, the expenditures related to the plant repairs are not anticipated to be material. As of today, our facilities in operation are filling
tanks and producing water for delivery, meeting current demand and, in some cases, exceeding pre-hurricane production volumes.
"These events have not caused us to deviate from our strategic objectives. We remain focused on executing our organic growth plan
for both Seven Seas and Quench and also continuing to make progress on our M&A pipelines. We look forward to providing a
financial update on both the storm's impact and our M&A development activities on our third quarter earnings call in early November.
"Our team continues to work closely with our partners on the islands, relief organizations and local communities to help the islands
rebuild as quickly as possible. I'd like to thank all of our employees for their commitment and execution under these challenging
AquaVenture is a multinational provider of WAAS™ solutions that provide customers a reliable and cost-effective source of clean
drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is
composed of two operating platforms: Quench, a U.S.-based provider of Point-of-Use, or POU, filtered water systems and related
services to approximately 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of
desalination and wastewater treatment solutions, providing 8 billion gallons of potable, high purity industrial grade and ultra-pure
water per year to governmental, municipal, industrial and hospitality customers.
Safe Harbor Statement
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do
not constitute guarantees of future performance. Investors are cautioned that statements in this press release regarding
management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements
relating to AquaVenture's strategic focus; and the impacts of the recent hurricanes on its operations, operating results, capital
expenditures and cash, constitute forward-looking statements. Forward-looking statements can be identified by terminology such as
"anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will
enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of
those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those
risks, uncertainties and factors detailed in AquaVenture's filings with the Securities and Exchange Commission. As a result of such
risks, uncertainties and factors, AquaVenture's actual results may differ materially from any future results, performance or
achievements discussed in or implied by the forward-looking statements contained herein. AquaVenture is providing the information
in this press release as of this date and assumes no obligations to update the information included in this press release or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.
Investors Hotline: 855-278-WAAS (9227)
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SOURCE AquaVenture Holdings Limited