Basin Water Appoints James C. Spain Southwest Regional Vice President
25 Giugno 2008 - 2:30PM
Business Wire
Basin Water, Inc. (NASDAQ:BWTR) announced today the appointment of
Mr. James C. Spain to the position of Southwest Regional Vice
President. The appointment is another step forward in the company�s
plan to provide local support for its customers and nationwide
expansion through the establishment of five sales regions serving
the potable water market. Mr. Spain is the second named Regional
Vice President for Basin Water, and will oversee all of the
company�s sales and service operations for the southwestern states
of Colorado, Texas, New Mexico, Oklahoma, Kansas, Nebraska,
Missouri, Arkansas, and Louisiana. Mr. Spain has served Basin Water
since 2007 as Director of Process Engineering, and brings a dynamic
combination of technical and logistical expertise to the task of
developing Basin Water�s business in this region. He will be
located in Houston, Texas. According to Michael M. Stark, President
and Chief Executive Officer of Basin Water, Mr. Spain�s appointment
will bolster the company�s efforts to provide innovative, reliable
water treatment solutions to all of its customers in the region.
�Basin Water�s expansion into new territories, new markets and new
technologies has progressed effectively so far, largely due to our
finding top-notch people to guide its progression,� Stark said.
�With his extensive expertise in process design and logistics,
product reclamation from waste streams and service to the refining
industry, James Spain is an ideal fit to lead our business in this
region. He also brings the sales and management savvy necessary to
run the region efficiently and ensure our customers of the best
water treatment technology and service available,� he added. Prior
to serving at Basin Water, Mr. Spain held the position of Vice
President, Operations at MPR Services, Inc. (a subsidiary of
Tessenderlo Kerley, Inc.) where he managed operations for the
refining services company that provided solvent reclamation
services to the refining, petrochemical, gas and steel industries.
During his tenure he oversaw a significant expansion of the
company�s mobile services business and plant processing sites,
resulting in an increase in operating rate of return from 0% to
20%. Mr. Spain also worked at Tessenderlo Kerley, Inc. as Regional
Plant Manager, South Region, with a broad range of duties including
supervision of operations, shipping, engineering and
safety/environmental departments, quality control laboratory and
administrative office. He also served as a Project/Process Engineer
at Tessenderlo Kerley headquarters in Arizona and assisted in plant
design, expansion, start-up and process development. The Basin
Water business model of low lifecycle cost solutions for potable
water supplies � providing proprietary, customized technology on a
service basis supported by performance guarantees � has achieved
acceptance with both public and private potable water systems,
primarily in the Southwestern United States. The company is in the
process of developing a larger, national presence in both the
potable water and in the industrial water market, utilizing the
same business model while offering customers a wider range of
technology. A key element of the growth plan is establishing five
municipal and one industrial sales region across the country. This
will allow the company to provide close, local attention to
customers� needs and to achieve economies of scale, while also
identifying new business opportunities that are region-specific.
�Basin Water�s focus has always been on the delivery of low
lifecycle cost technology+service solutions that are tailored to
meet our customer�s needs at the site. We back our solutions with a
performance guarantee because we are confident in the ability of
our technical and service personnel to get the solution right every
time,� Stark said. �James Spain is an excellent example of the deep
technical and market understanding that we offer our customers, and
we�re proud and excited to have him guiding our growth in this
important region,� he continued. In addition to his tenure at
Tessenderlo Kerley and its subsidiary, Mr. Spain served for two
years as a Process Engineer at ARCO Chemical Company while earning
his B.S. in Chemical Engineering from Texas A&M University. He
resides in Kingwood, TX. About Basin Water Basin Water, Inc. is a
provider of reliable, long-term process solutions for a range of
clients, which includes designing, building and implementing
systems for the treatment of contaminated groundwater, the
treatment of wastewater, waste reduction and resource recovery.
Basin Water employs treatment technologies including its own
proprietary, scalable ion-exchange wellhead treatment system, along
with a host of other treatment technologies designed to meet
customer needs in an efficient, flexible and cost-effective manner.
Additional information may be found on the company's web site:
www.basinwater.com. Forward Looking Statements This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements,
including expectations relating to future revenues and income, the
company's ability to gain new business and control costs, involve
risks and uncertainties, as well as assumptions that, if they prove
incorrect or never materialize, could cause the results of the
company to differ materially from those expressed or implied by
such forward-looking statements. Actual results may differ
materially from these expectations due to various risks and
uncertainties, including: the company's limited operating history,
significant operating losses associated with certain of the
company's contracts, the company's ability to identify and
consummate other acquisition opportunities that improve the
company's revenues and profitability, significant fluctuations in
its revenues from period to period, its ability to effectively
manage its growth, the success of the company's strategic partners,
its long sales cycles, market acceptance of its technology, the
geographic concentration of its operations and customers, its
ability to meet customer demands and compete technologically, the
company's ability to protect its intellectual property, regulatory
approvals of the company's systems, changes in governmental
regulation that may affect the water industry, particularly with
respect to environmental laws, the company's ability to attract and
retain qualified personnel and management members, the company's
ability to manage its capital to meet future liquidity needs,
changes in the Company�s management and board of directors and the
timing of the company's stock repurchases, if any. More detailed
information about these risks and uncertainties are contained in
the company's filings with the Securities and Exchange Commission,
including the company's Annual Report on Form 10-K for the year
ended December 31, 2007 and subsequent Quarterly Reports on Form
10-Q. The company assumes no obligation to update these
forward-looking statements to reflect any change in future events.
Grafico Azioni Basin Water (MM) (NASDAQ:BWTR)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Basin Water (MM) (NASDAQ:BWTR)
Storico
Da Giu 2023 a Giu 2024