Wednesday, 20 October 2021
PITTSBURGH, PA. – Evoqua Water Technologies (NYSE: AQUA), a leader in mission-critical water treatment solutions, today hosted a ribbon-cutting ceremony for the grand opening of its new Sustainability and Innovation Hub located in Pittsburgh, Pennsylvania. The commemoration brought together regional academic, government, and industry leaders.
The Sustainability and Innovation Hub is located in the Lawrenceville Tech Forge, part of Pittsburgh's urban technology park, and a hotbed for innovation in the region. The new facility will enable further advancement and development of cutting-edge and sustainable water treatment technologies critical to addressing emerging water trends, including water and climate risks, connectivity, and health and safety.
The 18,000 square-foot facility houses a hands-on demonstration and training area, pilot testing environment, and a state-of-the-art laboratory to grow Evoqua's analytical and feasibility study capacity. The collaborative workspace is designed to provide strategic and timely technical capabilities, illustrating the company's commitment to delivering excellence to its customers.
"Every day, the Evoqua team is committed to transforming water and enriching the lives of our customers and their communities," said Ron Keating, Evoqua's Chief Executive Officer. "The investment in this new facility aligns with our strategy to advance our research and development capabilities to help solve some of the world's most challenging water issues. In addition, the Hub will provide a path for future expansion of Evoqua's sustainable products and solutions while creating opportunities for collaboration with strategic partners."
To inaugurate the event, Ron Keating, Evoqua's Chief Executive Officer, was joined by the Mayor of Pittsburgh, William Peduto, a champion of sustainability and clean water resources, Evoqua Board Member and Hall of Fame athlete Lynn Swann, and Evoqua's Chief Growth Officer, Snehal Desai.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, assumptions, estimates, and projections. While we believe these expectations, assumptions, estimates, and projections are reasonable, forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Information regarding factors that may cause our actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements can be found in our filings with the Securities and Exchange Commission. All statements other than statements of historical fact included in this press release are forward-looking statements. All forward-looking statements made in this press release speak only as of the date of this release. We undertake no obligation to publicly announce any update or revision to any of the forward-looking statements made herein, whether as a result of new information, future events, or otherwise.
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
About DESOTEC
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
