Wil Pergande Elected Non-Executive Chairman of the Board at Consolidated Water Co. Ltd.
GEORGE TOWN, Grand Cayman, Cayman Islands, Nov 20, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Consolidated Water Co. Ltd. (Nasdaq: CWCO) today announced that Mr. Wil Pergande has been elected non-executive Chairman of the Company's Board of Directors.
Mr. Pergande is President of WF Pergande Consulting LLC, a Florida-based engineering consulting firm that specializes in seawater and brackish water conversion, fluid dynamics, chemical process and separation technologies. He has over 40 years of experience in the seawater conversion business and is well-recognized in the industry for his technical skills and management experience. Mr. Pergande has been a member of Consolidated Water's Board of Directors since 1978.
"We are very pleased that Wil Pergande has agreed to serve as our non-executive Chairman of the Board," stated Rick McTaggart, Chief Executive Officer and Director of Consolidated Water Co. Ltd. "Wil's contributions to the success of our Company as a member of the Board of Directors have proven invaluable over the past 31 years. He is our longest-serving Director and is widely respected for his extensive experience in the seawater conversion industry. We believe reverse osmosis technology will be increasingly utilized in the future as the world confronts dwindling supplies of naturally-sourced water in a growing number of countries. Our Board of Directors is confident in Wil's ability to very effectively represent our Company within the business and investment communities in coming years."
From 2003 to 2006, Mr. Pergande served as Global Desalination and Process Equipment Leader for the GE Water and Process Technology Infrastructure division of General Electric Company, where he was responsible for seawater reverse osmosis sales and marketing strategies in the Americas, Euro/Africa and Southeast Asia regions. He also provided equipment engineering, design and project risk analysis for global seawater projects. Mr. Pergande joined GE when that company acquired Osmonics, Inc. in February 2003. He joined Osmonics, Inc., a NYSE-listed company, in 1995 and was promoted to Vice President of New Business Development in 2000.
From 1992 to 1994, Mr. Pergande served as President and CEO of Licon, Inc., a public company that specialized in dewatering, separating and concentrating chemical wastes using evaporator and membrane technologies. Prior to his tenure with Licon, he was from 1978 to 1992 the President of Mechanical Equipment, Inc. (MECO), a privately-held seawater conversion manufacturing company then based in New Orleans.
Prior to joining MECO, Mr. Pergande held a number of positions with AquaChem, Inc., a division of Coca-Cola and supplier of seawater conversion equipment. During his tenure with AquaChem, he served as Field Service Engineer, Product Development Engineer, Engineering Manager of Research and Development, Product Sales Manager for Packaged Seawater Conversion Equipment, and Vice President of BOO Seawater Projects.
Mr. Pergande graduated from Marquette University College of Engineering with a B.S. Degree in Mechanical Engineering, after which he pursued post-graduate studies at the University of Wisconsin.
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About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent. The Company operates water production and/or distribution facilities in the Cayman Islands, Belize, the British Virgin Islands, The Commonwealth of The Bahamas and Bermuda.
Consolidated Water Co. Ltd. is headquartered in George Town, Grand Cayman, in the Cayman Islands. The Company's ordinary (common) stock is traded on the NASDAQ Global Select Market under the symbol "CWCO". Additional information on the Company is available on its website at http://www.cwco.com.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, changes in its relationship with the Governments of the jurisdictions in which it operates, the manner in which the disputed issues between Ocean Conversion (BVI) Ltd. and the British Virgin Islands Government are resolved, the ability to successfully secure contracts for water projects, the ability to develop and operate such projects profitably and the Company's ability to manage growth and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For further information, please contact: Frederick W. McTaggart, President and CEO, at (345) 945-4277 or David W. Sasnett, Executive Vice President and CFO, at (954) 427-6283 or via e-mail at info@cwco.com, http://www.cwco.com or RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or via e-mail at info@rjfalkner.com
SOURCE Consolidated Water Co. Ltd.
http://www.cwco.com
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