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Layne Christensen commits to Cadiz water conservation & storage project

Posted by: Maven on March 8, 2010 at 8:07 am

From Earth Times, this press release from Cadiz:

“Today, Cadiz Inc. (NASDAQ: CDZI) announced that following the completion of extensive field studies, Layne Christensen Company (NASDAQ: LAYN), a recognized leader in water-related drilling, installation, and maintenance services, will be its preferred provider of well-field construction for the Cadiz Water Conservation & Storage Project (the “Project”). Under an agreement between Layne Christensen and Cadiz, Layne Christensen will have the right of first refusal on well-field construction for the Project.

One of Layne Christensen’s largest offices in the United States is located in Fontana in San Bernardino County, California. From its Fontana office, Layne Christensen can provide water well infrastructure and labor for the Project.

Cadiz plans to conserve up to 50,000 acre-feet of water per year and to store and recover potentially one million acre-feet of water as part of the Project.

Layne Christensen has made a significant commitment to the Project to obtain its preferred status. Through the agreement with Layne, Cadiz intends for Layne Christensen to construct a multi-million dollar well field. Under such an agreement, Layne Christensen can drill and maintain the wells, install pumping equipment, and perform other related repair and maintenance services. Named by DeMarche Associates as one of America’s best companies and in business for over a century, Layne Christensen will bring to the Project expertise and high standards rivaled by none. … “

Continue reading this press release from Cadiz by clicking here.

March 8, 2010 · Filed Under Southern California

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