Loading, Please Wait...
PHOENIX, May 13, 2019 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, reported that its director of Water Resources, Jake Lenderking, has been appointed to the board of the Pinal County Water Augmentation Authority (PCWAA).
The PCWAA supports the development of responsible, collaborative, and sustainable water planning and management in the Pinal Active Management Area (Pinal AMA). The Pinal AMA includes portions of Pinal, Maricopa and Pima counties in Central Arizona. It comprises over 4,000 square miles and consists of five groundwater areas, or sub-basins, with water use of over 800,000 acre feet of water per year.
“This important appointment reflects Jake’s senior leadership experience with water resource management in Arizona,” said Global Water Resources president and CEO, Ron Fleming. “This includes his roles at the Arizona Department of Water Resources, as well as at some of the largest municipal and private water utilities in the state. We believe his work in Pinal County — an area critical to our state’s economic development goals and which could benefit from augmentation — makes him an ideal addition to the PCWAA board.”
Global Water Resources owns and operates several utilities across Arizona and has a strong presence in the Pinal AMA. Water is scarce throughout the Desert Southwest and increasingly so in the Pinal AMA. In the water-scarce and high-growth Pinal AMA, Lenderking will help PCWAA with the development of responsible, collaborative and sustainable water planning and management.
Global Water Resources recognized the state’s water-scarce future and worked with numerous stakeholders and the Pinal Partnership to win a grant from the Bureau of Reclamation for the Eloy and Maricopa-Stanfield Basin Study (effectively the Pinal AMA). Lenderking leads the non-federal partners in this important study, with its primary goal to find real water solutions. This study and Lenderking’s work on the PCWAA board will improve the development and augmentation of water resources for the people of Pinal County.
Jake Lenderking Bio
In March 2018, Lenderking was appointed director of Water Resources at Global Water. He brought to the company more than 10 years of leadership experience in water resource management, water policy formation, conservation program development and compliance, management of capital investment projects and other multi-state operational knowledge. He also has experience with representing water utilities before the Arizona Corporation Commission, and with city and town councils on the formation of water policy, rates and regulation.
Before joining Global Water, Lenderking’s experience included being a water resource manager for the largest investor-owned water utility in Arizona and a water resource specialist for Phoenix, the largest city in Arizona. He began his career at the Arizona Department of Water Resources.
Lenderking was previously the chairman for West Valley Water Association (formerly WESTCAPS), a collaboration of West Valley municipal and private water providers, where he led a number of member agencies to plan and implement the use of renewable water supplies. He also served on the Arizona Department of Water Resources’ (ADWR) Modified Non-Per Capita Conservation Program Steering Committee, as well as served on ADWR’s Statewide Water Advisory Group to assist in statewide water policy formation.
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 12 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.
The company has been recognized for its highly-effective implementation of Total Water Management (TWM), an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. TWM conserves water by using the right water for the right use and helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain forward-looking statements which reflect the company's expectations regarding future events. The forward-looking statements involve a number of assumptions, risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning helping PCWAA and improving the development and augmentation of water resources, and other statements that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or the negative of these terms, or other words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to a number of risks, uncertainties, and assumptions, most of which are difficult to predict and many of which are beyond our control. Actual results may differ materially from these expectations due to changes in political, economic, business, market, regulatory, and other factors. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s views as of the date hereof. Factors that may affect future results are disclosed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. This includes, but is not limited to, our Annual Report on Form 10-K for the year ended December 31, 2018 which was filed with the SEC. We undertake no obligation to publicly update any forward-looking statement, except as required by law, whether as a result of new information, future developments or otherwise.
CFO and SVP
Tel (480) 999-5104
Investor Relations Contact:
Ron Both, CMA
Tel (949) 432-7566