Global Water Resources to Acquire Seven Water Systems from Tucson Water, Adding 2,200 Customer Connections - Seite 2

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 31 systems 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 over 1 billion gallons of water annually with a total of 16.3 billion gallons recycled since 2004.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ 2022 Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.

To learn more, visit www.gwresources.com.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release include 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 about the planned integration of the acquired utilities with existing company utilities in the area; the company’s plans to modernize the systems with the installation of advanced metering infrastructure (AMI) and upgrading customer connections with smart meters; the company’s expectation that the foregoing improvements will support higher quality water services and potential customer savings; the anticipation that the acquisition of the seven water systems currently owned by Tucson Water will be completed early next year, subject to approval by the Arizona Corporation Commission; the timing of the filing of the Farmers Water rate case, 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 the parties’ 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 their control, such as the receipt of Arizona Corporation Commission approval. Actual results may differ materially from these expectations due to changes in political, economic, business, market, regulatory, and other factors. Additional factors that may also affect future results for Global Water are disclosed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its 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, Global Water’s Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent filings with the SEC. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements, which reflect the parties’ views as of the date hereof. The parties 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.