Fortune 500 industry veteran Steve Green to drive business development aimed
at growth
LOS
ANGELES, Sept. 27, 2024 /PRNewswire/ -- Cadiz, Inc.
(NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today
announced the Company's operating subsidiary ATEC Water Systems,
LLC ("ATEC") expanded its leadership team, hiring Steve Green as its Chief Commercial Officer.
Green brings decades of water industry experience including
business development leadership for Fortune 500 water tech
companies in North America.
"With his extensive water industry experience, Steve is a
valuable addition to the ATEC team," said Susan Kennedy, Cadiz CEO and Board Chair.
"Groundwater contamination is a massive growing threat and Steve's
proven leadership in business development will drive Cadiz' water
treatment segment to new levels of growth.
Mr. Green is an accomplished sales, marketing and business
development leader with extensive experience in both the public and
corporate sectors with a track record of achieving growth targets
and expanding sales and market share. Green built his expertise and
25-year career at several global leaders in manufacturing and
engineering consulting companies specializing in commercializing
water treatment systems. He has worked with a range of public
entities and private/public partnerships and assembled
design-build-finance-operate teams to deliver comprehensive
solutions to both water utilities and industries in 7
countries.
Prior to joining ATEC, Green served in several Business
Development management roles at industry leading engineering and
water technology firms including Stanley Consulting, where he
served as Practice Leader for Digital Water Technology Service, and
Xylem Inc., a Fortune 500 global water technology provider, where
Green was Business Development Leader for water utilities in the
Americas region. Green also has held business development
leadership positions at NW Natural Water, a private utility
that provides water distribution and wastewater services in the
Pacific Northwest, Texas and
Arizona, and WaterTectonics, a
full-service water treatment solutions firm focused on utility and
industrial applications.
"ATEC offers innovative options for communities striving to
access clean water," said Steve
Green, ATEC's Chief Commercial Officer. "ATEC's treatment
system has successfully removed contaminants such as iron and
manganese from groundwater for over 30 years, and we are also
pioneering solutions for new contaminants of concern including
arsenic, PFAS and chromium-6 that are impacting water quality for
so many communities. I look forward to bringing all of ATEC's
innovative solutions to new markets and growing ATEC's market
presence across the country."
The ATEC treatment system uses filter media to remove common
groundwater contaminants by adsorption. The filters and systems are
fully scalable and can be manufactured to different sizes and
specifications depending on the volume of groundwater treated, from
small rural systems to systems treating up to 60 mgd per day. ATEC
has manufactured and delivered more than four hundred treatment
systems over the last three decades in communities in 10 western
states and Canada.
About ATEC
ATEC Water Systems, LLC is a wholly owned
subsidiary of Cadiz, Inc. (NASDAQ: CDZI) and a leading producer of
specialized water filtration solutions for contaminated groundwater
sources. ATEC's filtration solutions are affordable, highly
scalable, and easy to maintain, making them practical for a variety
of applications from small, underserved communities to large
municipalities. ATEC's filters have been installed at over 450
locations, including community, municipal, agricultural, and
industrial sites and used to successfully reduce and remove iron,
manganese, arsenic, chromium-6 and other constituents of concern,
solving some of the toughest groundwater treatment challenges. To
learn more, visit www.atecwater.com.
About Cadiz, Inc.
Founded in 1983, Cadiz, Inc.
(NASDAQ: CDZI) is a California
water solutions company dedicated to providing access to clean,
reliable and affordable water for people through a unique
combination of water supply, storage, pipeline and treatment
solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water
supply, 220 miles of pipeline assets and the most cost-effective
water treatment filtration technology in the industry, Cadiz offers
a full suite of solutions to address the impacts of climate change
on clean water access. For more information, please visit
https://www.cadizinc.com.
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's anticipated development of
filtration solutions for new contaminants of concern like PFAS, and
anticipated growth of ATEC sales and market share.. 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 Securities and Exchange Commission (the
"Commission"), including without limitation our Annual Report on
Form 10-K for the year ended December 31,
2023 and our Quarterly Reports on Form 10-Q and other
filings subsequently made by the Company with the Commission. All
forward-looking statements contained in this press release speak
only as of the date on which they were made and are based on
management's assumptions and estimates as of such date. We do not
undertake any obligation to publicly update any forward-looking
statements, whether as a result of the receipt of new information,
the occurrence of future events or otherwise.
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SOURCE Cadiz, Inc.
