Cadiz's ATEC Water Systems Secures Three New Sales Contracts Expected to Add $1.5 million in 2024 Revenues
Filters will provide iron and manganese treatment for groundwater in
ATEC's specialized filter systems will treat groundwater supplies in
"The Board and I are extremely pleased by ATEC's rapid progress in delivering clean, affordable water to communities and cities across the nation," said
Iron and manganese are relatively abundant in the earth's crust and readily find their way into many groundwater and surface water supply sources. These metals can result in discolored water, bacteria growth, and taste and odor concerns for potable drinking water supplies. Recent studies suggest manganese consumption poses potential risks to public health particularly for young children and babies and is currently being considered for regulation by the U.S.
"Nearly 40% of all groundwater systems in the
The ATEC Iron and Manganese Removal System is an in-line, pressure filter system that uses a filter media to remove iron and manganese by adsorption. Horizontal filters are manufactured to different sizes and specifications depending on the volume of groundwater treated. The three new orders announced today, which are slated to be delivered before the end of the year, will utilize ATEC's 24", 30" and 48" wide filters.
ATEC has manufactured and delivered more than four hundred iron and manganese filter systems over the last three decades successfully providing needed treatment for groundwater supplies. ATEC also manufactures treatment systems for arsenic, hexavalent chromium, nitrates, and other common ground water contaminants of concern.
About ATEC
About
Founded in 1983,
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectations regarding ATEC segment revenues. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the
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