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Desalination facility will be first of its kind in Texas

(CORPUS CHRISTI, TEXAS) — A drought-proof supply of water — at no cost to taxpayers — is in the works and ready to ensure the Coastal Bend’s continued industrial growth while providing the city flexibility in managing its water resources.
Seven Seas Water, an AquaVenture Holdings business (NYSE: WAAS), is pleased to announce it has signed a lease with the Ed Rachal Foundation for a 10-acre plot on Harbor Island, where the corporation plans to build and operate the first municipal seawater desalination facility in Texas. The desalination facility will be built entirely with private capital, diversifying the region’s water supply, ensuring adequate fresh water for industrial and residential growth, and relieving local taxpayers of the burden of financing hundreds of millions of dollars of debt for a government-owned plant.

“Seawater desalination is key to meeting this region’s growing residential and industrial thirst,” said Doug Brown, CEO of Seven Seas Water. “The Coastal Bend is critical to Texas’ economic success, and we are committed to helping ensure its continued viability with this new, drought-proof supply of water.”

The Seven Seas Water desalination facility will not require any taxpayer money to build, making it easy for both taxpayers and local leaders to support.

Just as importantly, the state-of-the-art facility will operate with minimal adverse environmental impact. Seven Seas Water has a proven track record of operating in the environmentally pristine Caribbean, where protecting marine life is protecting the local economy. Seven Seas Water is already one of the top providers of desalinated water in the world, with extensive operations in the Caribbean and South America.

“Communities throughout the Caribbean trust and rely on Seven Seas Water to ensure there’s fresh, safe drinking water when they turn on the tap,” said Sir Richard Branson, Virgin founder and an early Seven Seas Water investor. “Importantly, Seven Seas Water is also very focused on protecting our ocean and the pristine marine ecosystem we cherish.”

Branson, who lives in the British Virgin Islands, became an investor in Seven Seas Water after being impressed by their Caribbean operations.

Seven Seas recognizes that the natural resources of the Coastal Bend must also be protected because the livelihood of thousands of families depend on those natural resources. To that end, Seven Seas Water is looking forward to working with scientists at the nearby University of Texas Marine Science Institute, the Texas A&M University-Corpus Christi Harte Research Institute for Gulf of Mexico Studies, and the Coastal Bend Bays and Estuaries Program to ensure the Harbor Island desalination facility will not adversely affect salinity of the bays and estuaries, or otherwise negatively impact wildlife.

Additionally, Seven Seas Water intends to engage local institutions of higher learning to forge innovative partnerships designed to give students hands-on experiences with desalination technologies.

“As an owner-operator, Seven Seas Water will become an important part of the Coastal Bend community, and we are committed to being good neighbors,” Brown said. “As such, we will consult with our neighbors when we design the plant to ensure an aesthetically acceptable solution.”

Seven Seas Water will respond to the Request for Information on Alternative Water Supplies the city of Corpus Christi issued Aug. 15.  Seven Seas Water will submit a robust proposal in favor of its seawater desalination facility as an ideal solution prior to the October 12th submission deadline.

“Seven Seas Water applauds city leaders in Corpus Christi for opening up this process and for having the vision to address future water needs before it is a crisis,” Brown said. “Seven Seas Water is confident we are bringing the best solution for Corpus Christi’s water problem because our Water-as-a-ServiceTM approach aligns the interests of the Coastal Bend with Seven Seas Water. The success of both depends on a consistent and affordable water supply.”

Based in Tampa, Fla., Seven Seas Water has established itself as an industry leader throughout the Americas and the Greater Caribbean, annually delivering over 7 billion gallons of treated water and consistently demonstrating an ability to overcome sometimes daunting challenges in a minimum amount of time.

investors@aquaventure.com

Investor Hotline: 855-278-WAAS (9227)

 

TAMPA, Fla., June 22, 2018 /PRNewswire/ — AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service™ (“WAAS™”) solutions, announced today that it entered into an agreement with Abengoa Water Nungua, S.L.U. to extend the long-stop date to September 30, 2018 on its pending acquisition of a majority interest in a desalination plant in Accra, Ghana.  The long-stop date was previously June 30, 2018.

Doug Brown, Chairman and CEO of AquaVenture, commented: “We are pleased with the significant progress made with this transaction, particularly in light of the number of stakeholders involved, as well as the significant conditions precedent.  This extension signifies the continued commitment of all participants to push this deal across the finish line.  We look forward to becoming a long-term partner to the Government of Ghana for water treatment and services.”

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 40,000 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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SOURCE AquaVenture Holdings Limited

Additional Quench and Seven Seas Water Transactions Announced

TAMPA, Fla., Feb. 15, 2018 /PRNewswire/ — AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service™ (“WAAS™”) solutions, today announced that it has entered into a binding agreement with Abengoa Water, S.L.U. (“Abengoa”) to purchase a majority interest in a desalination plant in Accra, Ghana.  The plant has the capacity to deliver approximately 18.5 million gallons (60,000 m3) per day of potable water to Ghana Water Company Limited (“GWCL”) under a long-term, U.S. dollar denominated water purchase agreement.  Political risk insurance is provided to the project lenders and project equity sponsors by Multilateral Investment Guarantee Agency (MIGA), a division of the World Bank. The facility has been operational since 2015 and, through its customer, supplies water to approximately 500,000 residents of Accra. The base purchase price for this interest is approximately $26 million, subject to adjustment in accordance with the purchase agreement.  Completion of the purchase, which is expected to occur by the end of the second quarter of 2018, is subject to the satisfaction of certain conditions precedent.

Doug Brown, Chairman and CEO of AquaVenture Holdings, commented: “We are excited about this project.  This will be our first desalination plant in Africa.  The acquisition will expand our base of facilities that provide WAAS solutions to our customers.  We look forward to working with the project stakeholders in completing the various conditions to closing and becoming a long-term partner to the Government of Ghana for water treatment and services.”

The transaction is structured as the purchase of the entire share capital of Abengoa’s subsidiary that holds a 56% economic interest in Befesa Desalination Developments Ghana Limited (“BDDG”), the Ghanaian company that owns the plant.  The purchase price is subject to adjustment based on the results of negotiations with GWCL regarding changes to the water purchase agreement and with BDDG’s lenders regarding the existing financing arrangements, among other things.  Closing conditions include (i) the receipt of required approvals from BDDG’s other shareholders and Abengoa’s lenders, as well as those required under BDDG’s financing arrangements, (ii) the execution of a legally binding heads of terms among the Government of Ghana, GWCL and BDDG in which the parties agree to revise the water rates charged under the water purchase agreement and the indexation of those rates, (iii) the receipt of the approval of the credit committees of BDDG’s lenders to changes to the terms and conditions of BDDG’s financing arrangements, and (iv) there being no material breach by BDDG under the project or financing documents, as well as certain other customary closing conditions.

AquaVenture Holdings has also offered to purchase the remaining 44% economic interest in BDDG on the same principal terms and is in active negotiations with that shareholder.

Additional Transactions

The Company has also entered into an agreement to purchase a SWRO desalination plant in Long Island, The Bahamas for a purchase price of approximately $3.0 million, subject to adjustment in accordance with the purchase agreement.  The plant has the capacity to deliver approximately 200 thousand gallons per day of potable water to the Water and Sewage Corporation (“W&SC”) of The Bahamas under a long-term water purchase agreement. This deal is expected to close within the next two months, after satisfaction of customary closing conditions, including the approval of the Central Bank of The Bahamas.

On January 12, 2018, Quench acquired substantially all the point-of-use water filtration assets of Clarus Services and Watermark USA.  These asset acquisitions added approximately 1,500 units to Quench’s installed asset base primarily in the Richmond, Virginia and Philadelphia, Pennsylvania markets at an aggregate purchase price of $1.6 million.

Tony Ibarguen, President of AquaVenture Holdings, commented: “We are excited about these additional acquisitions which highlight the continued execution of our strategy.  At Seven Seas Water, our leadership presence in the Caribbean desalination market makes the Long Island acquisition a great fit.  And at Quench, we continue to drive consolidation in the highly fragmented point-of-use water market in North America, at attractive valuations.”

Conference Call and Webcast Information

AquaVenture will host an M&A update conference call on Thursday, February 15, 2018 at 5:00 p.m. EDT. Interested parties are invited to listen to the conference call by dialing 1-877-407-0789, or, for international callers, 1-201-689-8562 and ask for the AquaVenture conference call. Replays of the entire call will be available through February 22, 2018 at 1-844-512-2921, or, for international callers, at 1-412-317-6671, conference ID #13676676. A webcast of the conference call will also be available through the Investor Relations section of the Company’s website, www.aquaventure.com. A copy of this press release is also available on the Company’s website.

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 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing approximately 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 ability to complete the proposed acquisitions on the terms or in the timeframes currently expected, expected purchase price adjustments, the ability of the conditions to closing to be satisfied or waived, BDDG’s ability to successfully negotiate a legally binding heads of terms with the Government of Ghana and GWCL regarding changes to the water purchase agreement, BDDG’s ability to successfully negotiate changes to the financing terms and conditions of its debt agreements, and AquaVenture’s ability to successfully negotiate the purchase of the remaining 44% economic interest in BDDG.  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)

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SOURCE AquaVenture Holdings Limited

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 circumstances.”

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

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SOURCE AquaVenture Holdings Limited

TAMPA, Fla., Sept. 11, 2017 /PRNewswire/ — AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-ServiceTM (“WAASTM”) solutions, today provided an update on its Caribbean operations following Hurricane Irma.

“I am pleased with the way our company has weathered the impact of Hurricane Irma. Irma affected us at our plants in St. Maarten, the US Virgin Islands, the British Virgin Islands, Turks and Caicos, and the Bahamas, as well as our operations center in Tampa, Florida.  All Seven Seas Water employees are safe and accounted for.  Through a combination of sound facilities construction and comprehensive storm preparation, our plants are either operating or ready to resume operations once electric power is restored.  We expect to have all of our plants, except for our facility in the BVI, operating within one week.  In the BVI, we are working with the government to restore power to our plant, which once restored will resume operations,” said Doug Brown, AquaVenture’s Chairman and Chief Executive Officer.  “We are still very early in the process of gathering information and plan on providing an update regarding any financial impact on our earnings call for the third quarter.  In the meantime, our team is working closely with our partners on the islands, relief organizations and local communities to assist in any way we can, and look forward to providing clean water to these communities going forward as the islands begin to recover and rebuild.”

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 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; its forecast of full-year 2017 financial results; its expected margins and the impacts thereon from various customer contracts; its ability to improve plant performance and profitability; and the impacts on operating results of the timing, size and accounting treatment of acquisitions, 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)

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SOURCE AquaVenture Holdings Limited

TAMPA, Fla., May 2, 2017 /PRNewswire/ — Seven Seas Water, a division of AquaVenture Holdings Limited (“AquaVenture”) (NYSE:WAAS), a leader in Water-as-a-Service™ (WAAS™) solutions, today announced that Senior Vice President Fred Hung will present at the Financing Water Utilities of the Caribbean Conference held from May 3-5, 2017 at the Riu Hotel in Montego Bay, Jamaica. The presentation will focus on how to implement successful Public Private Partnerships.

“We value our Carribbean partners and are pleased to have this opportunity to discuss and promote the improvement of sustainable services and public private partnerships,” said Fred Hung, Senior Vice President of Seven Seas Water.

About the conference:
The objective of the Conference is to share best practices and lessons learned among water utilities of the Caribbean, United States, and Latin American countries on access to public and private sources of capital for utility improvement and infrastructure projects. In general, the Conference will present a situational analysis of the water utilities of the Caribbean, provide for benchmarking against a model utility of the wider region and defining action plans towards attaining selected characteristics of such a model utility, and identify financing options to achieve a goal of financial and operational self-sufficiency of water utilities.

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 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing 7 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

Investor Contact:
investors@aquaventure.com
855-278-WAAS
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SOURCE AquaVenture Holdings Limited

TAMPA, Fla., April 21, 2017 /PRNewswire/ — On April 22, AquaVenture (NYSE: WAAS) will join in the celebration of Earth Day.

“Through both Quench and Seven Seas Water, AquaVenture is focused on utilizing our expertise in the water industry to deliver sustainable and environmentally friendly water solutions for a healthier and greener Earth,” stated Doug Brown, CEO of AquaVenture.

Quench
Quench’s mission is to deliver the best water filtration systems for businesses in a sustainable, environmentally friendly, and cost-efficient way. On Earth Day and every other day of the year, Quench underscores our commitment to clean, eco-friendly and bottle-free water solutions. We estimate that, in 2016 alone, Quench bottleless or point-of-use (POU) water coolers kept more than 22 million 5-gallon plastic jugs from entering the waste stream. According to the Environmental Capital Group, the bottled water cooler (BWC) business consumes 140 million kilowatt hours of electricity, wastes 2.7 billion gallons of water, burns close to 6 million gallons of fuel, and dumps more than 35,000 tons of waste into landfills each year. Quench’s POU water cooler systems save energy and water, reduce dependence on petroleum, and help reduce the emission of greenhouse gases. No plastic bottles. No water deliveries. No wasted energy. No landfill waste.

Seven Seas Water
Seven Seas Water is proud of its ongoing efforts to provide pure, potable water supply solutions in countries where fresh, safe, clean water supplies are limited thereby ensuring the health and safety of many populations. Seven Seas Water utilizes its own capital and leverages its expertise in overall water management and operations to deliver reliable and affordable pure water supplies in an energy efficient way. In addition to population growth driving increased demand for potable water, the demand for industrial water is also rapidly increasing. Seven Seas Water provides alternative water supply solutions to the Industrial sector helping to minimize the depletion of fresh water resources available for human consumption. The company utilizes state of the art technology and proven highly efficient process designs to optimize its water treatment systems, which we believe results in the lowest possible energy consumption and carbon foot print. Further, Seven Seas Water has a successful track-record of replacing thermal desalination plants, which use energy inefficient distillation technology, into reverse osmosis facilities which are far more energy efficient. Seven Seas Water also utilizes the best available wastewater treatment technologies that allow for water re-use for industrial and agricultural purposes.

About AquaVenture Holdings:
AquaVenture Holdings (NYSE: WAAS) is a multinational provider of Water-as-a-Service™, or WAAS™, solutions that provide our customers with a reliable and cost-effective source of clean drinking and process water. AquaVenture Holdings is composed of two operating platforms: Quench, a U.S. based provider of filtered water systems and related products; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing seven billion gallons of potable, high purity, industrial grade, and ultra-pure water per year to governmental, municipal, industrial, and hospitality customers. For more information, please visit www.aquaventure.com.

Investor Contact:
investors@aquaventure.com
855-278-WAAS

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SOURCE AquaVenture Holdings

Tampa, FL, February 15, 2017 – AquaVenture Holdings Limited (“AquaVenture”) (NYSE: WAAS), a leader in water purification solutions, today responded to press reports of comments by British Virgin Island’s Minister of Communication and Works, Mark Vanterpool, regarding the impacts of a non-binding memorandum of understanding with the British Virgin Islands Government for potential amendments to their Water Purchase Agreement.

AquaVenture’s BVI subsidiary continues to work with the BVI Government to amend the Paraquita Bay Water Purchase Agreement to, among other things, help lower the overall cost of water and expand the water supply to people of the BVI.  The Company has been working with the BVI Government on these proposed amendments since the middle of 2016.  The expected impact of these proposed amendments were incorporated into AquaVenture’s financial forecasts prior to its initial public offering in October of 2016.  The credit facility for this BVI subsidiary requires lender approval before any such amendments to the Water Purchase Agreement can be implemented.  The Company has been diligently pursuing this approval and appreciates the assistance the BVI Government is providing to obtain it.  Seven Seas Water is committed to being an effective long-term partner to the BVI Government and its people.

As previously disclosed, the Company has historically entered into and expects to continue to enter into negotiations with customers to expand operations, build additional plants and/or reduce water rates in exchange for other changes to the contracts that the Company believes are mutually beneficial. The Company believes the BVI negotiations are consistent with that approach.

About AquaVenture
AquaVenture is a multinational provider of Water-as-a-Service (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 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing 7 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

Safe Harbor Statement:
Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to improvements in the plans operating efficiency, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. 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.

Investor Contact:
investors@aquaventure.com
855-278-WAAS