PHOENIX, AZ, March 27, 2012 /CNW/ - GWR Global Water Resources Corp. (TSX: GWR), Global Water Resources, Inc. ("Global Water") and Isle Utilities today announced that Global Water has joined Isle Utilities' Technology Approval Group (iTAG). iTAG is a world-wide technological collaboration and innovation partnership focused on advancing and integrating innovative technologies into mainstream utility operations.
Through this partnership, Global Water and Isle Utilities will be collaborating on the development of technologies and evaluating Global Water's U2U (Utility-to-Utility) certification program. The partnership will also allow other utilities to gain exposure to Global Water's FATHOMTM, an integrated suite of utility data management tools. This partnership demonstrates Global Water and Isle Utilities' continued investment in the municipal water and wastewater market.
"Global Water is a unique and dynamic organization of innovators and thought leaders. Our goal in iTAG is to tap into this organization for their operational and business insights for new technologies, and at the same time exploit the power of Global Water's FATHOM™ utility optimization suite of services for other utilities," said Piers Clark, Chairman of Isle Utilities. "Global Water's combination of owning and operating utilities while developing technologies to drive efficiency into their own and other utilities is a very powerful addition to the iTAG team."
"Global Water has been at the forefront of technological innovation since our inception," said Trevor Hill, President and CEO of Global Water. "From our very early days we have integrated and adopted technologies to drive efficiencies into our organization. In fact we have been instrumental developing our own sophisticated technologies while at the same time working the bugs out of others. Whether for operational control, business process or consumer interaction, we have always recognized the value technology and data can drive in the water market. We are very pleased to forge this relationship with Isle Utilities, whom we believe is a world leader in the commercialization of water-related technologies. These new technologies allow utilities to improve revenue and reduce costs while at the same time providing reliable, affordable and safe water to consumers."
FATHOMTM is deployed as an integrated suite of utility-to-utility services including Automated Meter Infrastructure, Customer Information System and Asset Management solutions that have been proven to lower utility operating costs while improving service levels. The solution is hosted in a secure cloud computing environment, which makes implementation rapid and requires no additional IT personnel or infrastructure.
About GWR Global Water Resources Corp and Global Water
GWR Global Water Resources Corp owns an approximate 48.1% interest in Global Water. Global Water is a leading water resource management and technology company that owns and operates water, wastewater and recycled water utilities, and provides technology-enabled services through its unique platform, FATHOMTM Utility-to-Utility ("U2UTM") Solutions. Initially developed by Global Water to support and optimize its own utilities, FATHOMTM is an integrated suite of advanced technologies proven to increase revenue, decrease costs and bring efficiencies to water utilities. FATHOMTM puts water management tools in customers' hands.
About Isle Utilities
Isle Utilities is a technology and innovation consultancy specialising in cleantech with a proven track record in accelerating the development and commercialisation of emerging technologies through the Technology Approval Group "TAG" - the industry forum that drives innovation. Isle brings together the optimal blend of technical and commercial specialists to help technology companies secure investment and demonstrate both the technical and the market potential. Isle's TAG is an innovation forum that brings only the most promising new technologies to industry. This creates a market pull for these products, provides valuable feedback to help technology companies develop their product in line with the market's needs, and presents a more viable investment proposition.
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