- Global Water Enters in to Memorandum of Understanding with OCWA -
PHOENIX, AZ, Feb. 27, 2012 /CNW/ - GWR Global Water Resources Corp.
(TSX: GWR), Global Water Resources, Inc. ("Global Water") and the
Ontario Clean Water Agency ("OCWA") today announced that their
respective organizations have entered into a Memorandum of
Understanding ("MOU") to offer FATHOMTM to existing and prospective clients in Ontario and throughout Canada.
FATHOMTM is Global Water's proprietary utility operating system that increases
utility revenue, decreases costs and enhances water conservation
efforts by providing real-time water consumption data to water utility
Through FATHOMTM and under this MOU, OCWA will have the ability to provide an integrated
suite of utility data management tools to its municipal clients to
enhance their operational efficiency, save money and save water. The
MOU represents Global Water FATHOM™'s first entry into the Canadian
utility market, and brings the opportunity to offer Smartgrid for Water
to the 140 municipalities that OCWA currently serves.
"As the largest operator of water and wastewater utilities in the
province, we feel it is vitally important to introduce progressive
water management tools wherever possible. Not only can these
technologies make operations more efficient, they are critical for
increasing awareness of water use amongst consumers," said OCWA
President Jane Pagel. "Offering FATHOMTM to our clients reflects the province's goals established under Water
Opportunities and Water Conservation Act, and the Ontario Water
Technology Acceleration Program and Efficiency Initiative. These
programs are designed to make Ontario a North American leader in
developing water technologies and services."
Ms. Pagel also stated, "One of Global Water FATHOM™'s key benefits is
the ability to provide real-time information about consumption to
users. With this knowledge, we expect that consumers will be able to
make informed decisions about their water use and our utility clients
will be able to use the information to increase the efficiency of their
"The OCWA-Global Water MOU represents a real collaboration of
like-minded organizations. Like OCWA, Global Water operates utilities
and must do so efficiently and effectively under increasing water
scarcity, with consistent regulatory and public pressures. We
developed FATHOM™ to assist us in that charge and are pleased that OCWA
also sees its value to their operations. In today's economy it's about
doing more with less. FATHOMTM is a perfect fit for utilities looking to manage water, the value of
water and increase customer services," said Trevor Hill, President and
CEO of Global Water.
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
GWR Global Water Resources Corp owns an approximate 48.1% interest in
Global Water. It was incorporated under the Business Corporations Act (British Columbia) to acquire shares of Global Water and to actively
participate in the management, business and operations through its
representation on the board of directors and its shared management.
About 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 ("U2U™") 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.
The Ontario Clean Water Agency (OCWA) provides environmentally
responsible and cost-effective water and wastewater services to
municipalities, institutions, industry and First Nations. Established
as a provincial crown agency in 1993, OCWA operations, engineering, and
technical services provide clean water expertise to communities and
businesses all across Ontario. www.ocwa.com
SOURCE GWR Global Water Resources Corp.
For further information:
Ross Marshall, Investor Relations
Tel: 416-815-0700 ext. 238 or Email: firstname.lastname@example.org
Nick Reid, Vice-President, Business Development, OCWA
Tel: 416.314.0068 or Email: email@example.com