Seven Seas Water amends water services contract in US Virgin Islands

TAMPA, FL, MARCH 27, 2019 -- Seven Seas Water, an operating segment of AquaVenture Holdings Limited announced that it has amended its agreement with Limetree Bay Terminals in the U.S. Virgin Islands to supply water under a five-year contract. Water production will be provided up to a design capacity of 1.7 million gallons per day using both existing and new equipment. The existing contract, which was set to expire in December 2021 and provided water up to a design capacity of 0.7 million gallons per day, will be transitioned into the new contract upon the commissioning of the plant expansion.

Olaf Krohg, CEO of Seven Seas Water, commented: "We are excited to announce the execution of this agreement, which extends our relationship with a valued customer and expands our water production significantly to accommodate increasing demand. We continue to look for these types of organic growth opportunities that strengthen and extend our relationships with our existing customers."