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November 2, 2020

(Tampa, Fla.) – Seven Seas Water, a multi-national provider of Water-as-a-Service® (“WaaS®”) solutions, today announced that it has acquired Aguas de Panama S.A. (“APSA”) and Sembcorp Investments Ltd (“SIL”), wholly-owned subsidiaries of Sembcorp Holdings Ltd.

With the acquisition of APSA, we will own and operate a 20 MGD (millions of gallons per day) conventional water treatment plant, intake pump station and raw water and distribution pipelines. The plant began operations in 2002, and under a thirty year concession contract with Insitituto de Acueductos y Alcantarillados Nacionales (IDAAN), the national water company of Panama, the plant extracts water from Lake Gatun, treats the water, then transports and delivers potable water to Nuevo Chorillo, approximately 12 miles from Panama City. The plant serves the Arraijan District with a population of approximately 420,000 residents.

Olaf N. Krohg, CEO of Seven Seas Water, commented: “We are very pleased to complete this transaction to add to our Latin American portfolio. We are looking forward to establishing ourselves in Panama and explore how we may be able to expand our role in serving the country’s water needs.”

About Seven Seas Water

Seven Seas Water offers WaaS® solutions by providing outsourced water treatment, wastewater treatment and reuse solutions for governmental, municipal, industrial, property developer and hospitality customers. Our water treatment solutions utilize seawater reverse osmosis and other purification technologies to produce potable and high purity industrial process water in high volumes for customers operating in regions with limited access to potable water. Our wastewater treatment and reuse solutions include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants that are used by our customers to treat and convert wastewater into effluent or reclaimed water prior to being released back into the environment. Some of our wastewater and reuse solutions are provided by AUC Group, our Houston, TX based subsidiary. Seven Seas Water is a portfolio company owned by investment funds managed by Morgan Stanley Infrastructure Partners.

About Morgan Stanley Infrastructure Partners

Morgan Stanley Infrastructure Partners is a leading global infrastructure investment platform. Founded in 2006, MSIP has made 30 investments across three global funds with more than $13 billion in capital commitments, and most recently raised $5.5 billion for its third global infrastructure fund. For further information about Morgan Stanley Infrastructure Partners, please visit www.morganstanley.com/im/infrastructurepartners.

For inquiries: info@7seaswater.com

August 24, 2020

(Tampa, Fla.) – Seven Seas Water, a multi-national provider of Water-as-a-Service® (“WaaS®”) solutions, today announced that it was selected by the Alice, Texas, City Council as the winning bidder for their Alternate Groundwater Delivery Request For Proposal (RFP) on August 18, 2020.

Seven Seas Water will finance, design, build, own, operate and maintain a Brackish Water Reverse Osmosis (BWRO) plant on land owned by the City.  At the end of the initial 15-year contract term, the City will assume ownership of the plant in full operating condition at no additional cost.  Seven Seas Water believes this to be the first Public Private Partnership (P3) desalination plant in the state of Texas.

Olaf N. Krohg, CEO of Seven Seas Water, commented: “We are thrilled to be selected to install a BWRO desalination plant for the City of Alice.  Our Water-as-a-Service® partnership model is ideal for a public-private partnership that aligns our interests with those of our clients, providing a reliable and affordable water supply.  Our technology agnostic cost-effective delivery model guarantees the price for water, and our team’s industry-leading operations and maintenance experience with desalination plants is what ultimately led to the project award.  We look forward to breaking ground soon.”

Alice City Manager Michael Esparza states “Seven Seas Water has a proven track record owning and operating desalination plants.  Their low-cost solution removes risk from our taxpayers and allows the city to better navigate our budget during these uncertain times.”

House Environmental Regulation Chairman J.M. Lozano commented: “I have worked with Seven Seas Water at the capitol on water issues important to Texas.  Bringing private sector expertise to the Texas water market is what we need to increase our water supplies.  Welcome to Texas, Seven Seas Water!”

Quick Facts:

 

About Seven Seas Water

Seven Seas Water is a portfolio company owned by investment funds managed by Morgan Stanley Infrastructure Partners (“MSIP”). Seven Seas Water offers WaaS® solutions by providing outsourced water treatment and wastewater treatment and reuse solutions for governmental, municipal, industrial, property developer and hospitality customers.  Our water treatment solutions utilize seawater reverse osmosis and other purification technologies to produce potable and high purity industrial process water in high volumes for customers operating in regions with limited access to potable water.  Our wastewater treatment and reuse solutions include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants that are used by our customers to treat and convert wastewater into effluent or reclaimed water prior to being released back into the environment. Some of our wastewater and reuse solutions are provided by AUC Group, our Houston, TX based subsidiary. Through AUC Group Seven Seas Water owns over 100 decentralized wastewater systems in Texas.

About Morgan Stanley Infrastructure Partners

Morgan Stanley Infrastructure Partners is a leading global infrastructure investment platform. Founded in 2006, MSIP has made 30 investments across three global funds with more than $13 billion in capital commitments, and most recently raised $5.5 billion for its third global infrastructure fund. For further information about Morgan Stanley Infrastructure Partners, please visit www.morganstanley.com/im/infrastructurepartners.

 

For inquiries please contact: info@7seaswater.com

 

March 30, 2020

(Tampa, Fla.) – Seven Seas Water, a leader in Water-as-a-Service® (“WaaS®”) solutions, today announced that it has been acquired by funds managed by Morgan Stanley Infrastructure Partners (“MSIP”). Seven Seas Water is a former operating segment of AquaVenture Holdings Limited (NYSE:WAAS), which was acquired by Culligan earlier today.

Olaf N. Krohg, CEO of Seven Seas Water, commented: “We are excited to announce that Seven Seas Water is now partnered with a strong infrastructure investor that recognizes the value of our services and solutions through our water treatment operations and our wastewater treatment and reuse assets. Under this new ownership, Seven Seas Water will be backed by a partner that shares our ambitious growth strategy and supports our continued focus on providing world-class service and operating expertise for our customers.”

About Seven Seas Water

Seven Seas Water offers WaaS® solutions by providing outsourced water treatment and wastewater treatment and reuse solutions for governmental, municipal, industrial, property developer and hospitality customers.  Our water treatment solutions utilize seawater reverse osmosis and other purification technologies to produce potable and high purity industrial process water in high volumes for customers operating in regions with limited access to potable water.  Our wastewater treatment and reuse solutions include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants that are used by our customers to treat and convert wastewater into effluent or reclaimed water prior to being released back into the environment. Some of our wastewater and reuse solutions are provided by AUC Group, our Houston, TX based subsidiary.

About Morgan Stanley Infrastructure Partners

Morgan Stanley Infrastructure Partners is a leading global infrastructure investment platform. The team has a proven and disciplined approach to investing in infrastructure assets globally. MSIP recently announced $5.5 billion raised for North Haven Infrastructure Partners III, its third global infrastructure fund. For further information about Morgan Stanley Infrastructure Partners, please visit www.morganstanley.com/im/infrastructurepartners.

 

For inquiries:  info@7seaswater.com

View source version on businesswire.com:  https://www.businesswire.com/news/home/20200330005413/en/Seas-Water-acquired-Morgan-Stanley-Infrastructure-Partners

 

 

Aug 26, 2019

TAMPA, Fla.–(BUSINESS WIRE)– Seven Seas Water, an operating segment of AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service® (“WAAS®”) solutions, today announced that it has extended its agreement with its customer in The Bahamas by 9 years. Under this agreement, the Company will continue delivering potable water and wastewater treatment services to the Emerald Bay development in Great Exuma, The Bahamas. In addition, the Company will be performing certain equipment upgrade services for the customer.

Olaf N. Krohg, CEO of Seven Seas Water, commented: “We are pleased to announce the execution of this agreement, which extends our relationship with a valued customer we have served since 2009. This is our second contract extension and exemplifies the long-term relationships we seek to develop with our customers. We look forward to continuing to provide high levels of service under this contract for the next decade.”

About AquaVenture

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 leading provider of filtered water systems and related services with approximately 150,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

About Seven Seas Water

Seven Seas Water offers WAAS® solutions by providing outsourced desalination, wastewater treatment and water reuse solutions for governmental, municipal (including utility districts), industrial, property developer and hospitality customers. Our desalination solutions utilize seawater reverse osmosis and other purification technologies to produce potable and high purity industrial process water in high volumes for customers operating in regions with limited access to potable water. Our wastewater treatment and water reuse solutions include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants that are used by our customers to treat and convert wastewater into effluent or reclaimed water prior to being released back into the environment.

 

investors@aquaventure.com

Investors Hotline: 855-278-WAAS (9227)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20190826005162/en/

Source: AquaVenture Holdings Limited

TAMPA, Fla.–(BUSINESS WIRE)– Seven Seas Water, an operating segment of AquaVenture Holdings Limited (NYSE:WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service™ (“WAAS™”) solutions, today announced that it has amended its agreement with Limetree Bay Terminals in the U.S. Virgin Islands to supply water under a five-year contract. Water production will be provided up to a design capacity of 1.7 million gallons per day using both existing and new equipment. The existing contract, which was set to expire in December 2021 and provided water up to a design capacity of 0.7 million gallons per day, will be transitioned into the new contract upon the commissioning of the plant expansion.

Olaf Krohg, CEO of Seven Seas Water, commented: “We are excited to announce the execution of this agreement, which extends our relationship with a valued customer and expands our water production significantly to accommodate increasing demand. We continue to look for these types of organic growth opportunities that strengthen and extend our relationships with our existing customers.”

About AquaVenture

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 leading provider of filtered water systems and related services with over 140,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

About Seven Seas Water

Seven Seas Water offers WAAS™ solutions by providing outsourced desalination, wastewater treatment and water reuse solutions for governmental, municipal (including utility districts), industrial, property developer and hospitality customers. Our desalination solutions utilize seawater reverse osmosis and other purification technologies to produce potable and high purity industrial process water in high volumes for customers operating in regions with limited access to potable water. Our wastewater treatment and water reuse solutions include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants that are used by our customers to treat and convert wastewater into effluent or reclaimed water prior to being released back into the environment.

investors@aquaventure.com
Investors Hotline: 855-278-WAAS (9227)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20190314005128/en/

Source: AquaVenture Holdings Limited

(Tampa, Fla.) – AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-ServiceTM (“WAASTM”) solutions, announced today that the Overseas Private Investment Corporation (“OPIC”), the U.S. Government’s development finance institution, received approval from its investment and credit committees to provide project financing of $50 million for an 18-year term in connection with the Company’s pending acquisition of a desalination plant in Accra, Ghana. The project financing, which will restructure $50 million of the existing project debt, is contingent upon the completion of the acquisition of the desalination plant by the Company.

In addition, the Company entered into an agreement with Abengoa Water Nungua, S.L.U. (“Abengoa”) to extend the long-stop date of the transaction to March 31, 2019. The long-stop date was previously December 31, 2018.

Doug Brown, Chairman of AquaVenture, commented: “We continue to make significant progress on this acquisition and I am pleased to announce OPIC’s involvement in the project. Having successfully worked with OPIC in the past, I am confident that their participation will help drive this transaction across the finish line. All parties continue to demonstrate a commitment to completing this transaction and we look forward to becoming the long-term water partner to the Government of Ghana.”

OPIC is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. It mobilizes private capital to help solve critical development challenges and, in doing so, catalyzes revenues, jobs and growth opportunities both domestically and abroad. OPIC seeks to support projects that demonstrate significant potential to fostering economic development in emerging markets and advances U.S. foreign policy and national security priorities.

About AquaVenture

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 leading provider of filtered water systems and related services with over 140,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

investors@aquaventure.com
Investor Hotline: 855-278-WAAS (9227)

View source version on businesswire.com: https://www.businesswire.com/news/home/20190102005127/en/

Source: AquaVenture Holdings Limited

Additional Leadership Promotions Announced

TAMPA, Fla.–(BUSINESS WIRE)– AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service™ (“WAAS™”) today announced executive team changes that represent the culmination of a planned succession led by our founder CEO to the next generation of leadership. The following changes capitalize on the strength of the Company’s executive team while ensuring continuity during the transition:

“It is with complete confidence that I transition the role of Chief Executive Officer to Tony. He has been a key architect of AquaVenture’s corporate strategy and there is no one more capable and qualified to take the helm of the company,” said Mr. Brown. “Because of his integral involvement in leading the business to date, he is well-positioned to continue the execution of our strategy, which has resulted in consistently strong financial and operational performance.”

Mr. Ibarguen has more than 25 years of experience in senior executive leadership positions at both private and publicly-traded companies and serves on the Board of Directors of Insight Enterprises (Nasdaq: NSIT) and of the Federal Reserve Bank of Philadelphia. Mr. Ibarguen holds degrees from Boston College and Harvard Business School.

“It is an honor to have the opportunity to build on the achievements under Doug’s leadership over the past twelve years, and I appreciate the Board’s support as we advance into this next chapter of AquaVenture’s story,” said Mr. Ibarguen. “It is a tribute to Doug’s legacy that we have built a deep and experienced leadership team ready to step up and continue to achieve our strategic goals of delivering dynamic growth and great returns for our shareholders, a safe and engaging place to work for our employees, and a valuable service to our customers and to society.”

Additional Promotions

The Company also announced the following promotions within its Seven Seas Water operating platform, which are effective January 1, 2019:

“I am pleased to announce these promotions as Olaf and Fred have been key contributors in the financial and operational success of Seven Seas Water,” said Mr. Ibarguen. “Their continued leadership will keep us focused on executing our M&A growth strategy, while capitalizing on our operational expertise.”

About AquaVenture

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 leading provider of filtered water systems and related services with over 125,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 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 the expected roles, anticipated timing, and potential terms of the continued employment of Messrs. Douglas Brown and Anthony Ibarguen with the Company 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@aquaventure.com
Investors Hotline: 855-278-WAAS (9227)

View source version on businesswire.com: https://www.businesswire.com/news/home/20181101006135/en/

Source: AquaVenture Holdings Limited

(Tampa, Fla.) – Seven Seas Water, an operating segment of AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-ServiceTM (“WAASTM”) solutions, is pleased to announce that Ms. Noni Mandisa Georges, a well-known member of the British Virgin Islands community, accepted appointment in a consulting capacity as Managing Director of our local company, AquaVenture Water Corporation (BVI), effective November 1, 2018.

“We are pleased to have Ms. Georges as part of our Seven Seas Water team, after the passing of our prior Managing Director and Ms. Georges’ father, Elton Georges. We look forward to working with Noni in our continued efforts to perform as good corporate citizens in the BVI,” said Doug Brown, AquaVenture’s Chairman and Chief Executive Officer. “We are excited to have Ms. Georges continue the stewardship of partnering with the people of the BVI to fulfill their water needs.”

Ms. Georges joins our other local Managing Directors in the Caribbean (St. Maarten, U.S. Virgin Islands, Curacao and Trinidad) as a key person to assure that the needs of the local community are well understood. An important element of our operating philosophy is to participate in local community charities as part of our Corporate Support Programs, which support organizations that benefit children, health initiatives and education. For additional information on our Corporate Support Programs, please visit www.sevenseaswater.com/en/our-company/giving-back.

About AquaVenture

AquaVenture is a multinational provider of WAASTM 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 45,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

About Seven Seas Water

Seven Seas Water offers WAASTM solutions by providing outsourced desalination and wastewater reuse services for governmental, municipal, industrial and hospitality customers. Our solutions utilize reverse osmosis and other purification technologies to produce potable and high purity industrial process water for customers operating in regions with limited access to potable water. Seven Seas Water is a leading provider of water to the Caribbean market and currently operates throughout the Caribbean and South America, while pursing new opportunities in North America, South America and other select markets.

 

TAMPA, Fla., Oct. 4, 2018 /PRNewswire/ — Seven Seas Water, an operating segment of AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-ServiceTM (“WAASTM”) solutions, today announced that it entered into an agreement with the Water Corporation of Anguilla, the public water utility of Anguilla, to supply potable water under a 10-year contract. Water production, which will commence immediately, will be at an initial capacity of 500 thousand gallons per day and expand to 750 thousand gallons per day within the first several months of commencement. The agreement provides for an additional expansion for a total design capacity of 1 million gallons per day during the term.

Doug Brown, Chairman and CEO of AquaVenture Holdings, commented: “We are excited to announce the execution of this agreement, which expands our base facilities into Anguilla and increases our customer density in the Caribbean. We look forward to becoming a long-term partner to the Water Corporation of Anguilla for water treatment services.”

About AquaVenture

AquaVenture is a multinational provider of WAASTM 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 45,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.About

Seven Seas Water

Seven Seas Water offers WAASTM solutions by providing outsourced desalination and wastewater reuse services for governmental, municipal, industrial and hospitality customers. Our solutions utilize reverse osmosis and other purification technologies to produce potable and high purity industrial process water for customers operating in regions with limited access to potable water. Seven Seas Water is a leading provider of water to the Caribbean market and currently operates throughout the Caribbean and South America, while pursing new opportunities in North America, South America and other select markets.

investors@aquaventure.com
Investors Hotline: 855-278-WAAS (9227)

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SOURCE AquaVenture Holdings Limited

TAMPA, Fla., Sept. 25, 2018 /PRNewswire/ — AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-ServiceTM (“WAASTM”) solutions, announced today that it entered into an agreement with Abengoa Water Nungua, S.L.U. (“Abengoa”) to extend the long-stop date to December 31, 2018 on its pending acquisition of a majority interest in a desalination plant in Accra, Ghana. The long-stop date was previously September 30, 2018.

Doug Brown, Chairman and CEO of AquaVenture, commented: “We continue to make significant progress on this acquisition as we work towards a beneficial solution for all stakeholders involved.  This extension demonstrates the commitment of all participants to complete this transaction. We look forward to becoming the long-term water partner to the Government of Ghana.”

About AquaVenture

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 45,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

investors@aquaventure.com
Investors Hotline: 855-278-WAAS (9227)

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