PHOENIX – February 4, 2010 – Global Water Resources, Inc. (“Global Water”), the leader in private water sector utility optimization, announced today it is offering private label financing for its FATHOM™ Utility-to-Utility (“U2U™”) Solutions product offering. This financing opportunity allows Global Water to offer a complete turn-key system to its municipal partners, bringing state-of-the-art utility meter reading, billing, and optimization applications delivery to an unprecedented level.
Global Water has perfected the most advanced utility operation and optimization suite in the water sector. FATHOM combines the power of advanced metering infrastructure (“AMI”), with advanced bill processing, geographic information systems (“GIS”), and the latest in automated maintenance and diagnostic tools, to bring efficiencies and optimization to utility operations. Global, after implementing this suite of applications for its own operations and customers, is now offering this platform to other utilities interested in increasing revenues and decreasing operational costs.
The private label financing provides Global the ability to offer agencies, municipal entities and private utilities tax-exempt lease-purchase structures that can fund 100% of a project with no down payment and no obligation to make payments for the first year. Utilizing low, tax-exempt rate structures, this bundled solution maximizes a governmental entity’s buying power at the lowest cost of entry.
“Lack of funding or the timelines for bond issuances are often a roadblock for municipalities in expanding or improving existing infrastructure. We are offering a solution for funding these cost saving projects and providing assistance to utilities seeking optimization solutions for their operations and their communities,” stated Trevor Hill, President and CEO of Global Water. “We can now offer our complete suite of services and be deploying the solution within 30 days. In economic times such as these, solutions that increase revenue and decrease costs are essential and being able to deliver on a timely basis is critical.”
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, FATHOM Utility-to-Utility (“U2U™”) Solutions. Initially developed by Global Water to support and optimize its own utilities, FATHOM is an integrated suite of advanced technologies proven to increase revenue, decrease costs and bring heightened efficiencies to municipally-owned utilities.
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Carmelle Rodriguez Communications