Welcome to our dedicated page for Cadiz news (Ticker: CDZIP), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.
Cadiz Inc. reports developments tied to its California water solutions business, including the Mojave Groundwater Bank, pipeline conveyance assets, groundwater storage and water filtration for impaired or contaminated sources. News for CDZIP also reflects the security's role as depositary shares, each representing a fractional interest in Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock.
Recurring company updates include preferred-stock dividend declarations, water infrastructure financing activity, agreements with water agencies and utilities, perchlorate treatment work, land and pipeline project development in the Mojave Desert, and board governance changes.
Cadiz, a California-based water solutions company, announced that its Chairman and CEO, Susan Kennedy, presented at the VerdeXchange 2024 conference on May 13, 2024. The event in Los Angeles featured Kennedy's talk titled 'Water Resiliency at Scale', which addressed climate change impacts on water resources in the Southwest U.S. and the company's innovative solutions in water supply, storage, conveyance, and treatment. VerdeXchange, in its 15th year, brings together industry leaders and policymakers to discuss developments in the green economy. The conference highlighted how regions can leverage $1.1 trillion in U.S. infrastructure funding for climate infrastructure investments. Kennedy's presentation is available on Cadiz's YouTube channel.
On May 17, 2024, Cadiz announced the availability of its Corporate Overview Investor Call materials on its Investor Relations website. The event, held on May 16, 2024, marked the debut investor presentation by Chairman and CEO, Susan Kennedy, who took over in January 2024. The materials include a webcast replay, an investor presentation, and a full transcript of the call, including a Q&A session. Kennedy introduced Cadiz's diversified water solutions, encompassing water supply, storage, conveyance, and treatment assets. Cadiz, founded in 1983, operates with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets in California, offering advanced water treatment technology.
Cadiz's subsidiary ATEC Water Systems has been awarded a $5.2 million contract to supply water treatment filtration systems for the Cascade Groundwater Alliance treatment project in Gresham, Oregon. This marks ATEC's 12th successful bid in the last 12 months, reflecting rapid growth in orders due to tightening water quality standards. The contract is expected to increase ATEC's 2024 revenue forecast to $15 million from $12 million.
Cadiz, Inc. (NASDAQ: CDZI) announced a Corporate Overview Investor Call to be held on May 16, 2024, hosted by Susan Kennedy, Chairman and CEO, featuring prepared remarks and a Q&A session. The company will also participate in the B. Riley Investor Conference on May 22 - 23, 2024. Cadiz, founded in 1983, provides water solutions in California, focusing on water supply, storage, pipeline, and treatment solutions.
Cadiz, Inc. engages MZ Group to enhance investor relations program amidst strategic developments, led by Susan Kennedy. Recent Form 4 filing reveals CEO's purchase of CDZI shares, aligning with shareholders. MZ to bolster capital markets strategy as Cadiz focuses on valuable water assets, infrastructure, and technologies to address water access issues.
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