Artesian Resources Corporation announces support for Infrastructure Week

NEWARK, Del., May 16, 2017 -- As Drinking Water Week concludes, Artesian Resources Corporation (NASDAQ:ARTNA) a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, announces its support for Infrastructure Week 2017, a week-long series of events May 15-19, to raise awareness about the importance of improving the local, state and national infrastructure —specifically water and wastewater infrastructure.

Artesian is proud to support Infrastructure Week 2017 and celebrate many of the successes achieved in solving water-related challenges in 2016-17. “Modernizing, repairing and replacing water and wastewater infrastructure continues to be an area where we invest significant resources across the Delmarva Peninsula; leveraging public-private partnerships, innovative technologies and strategic investment of capital,” said Dian C. Taylor, Chair, President and CEO.  Working with state and local municipalities continues to be a forward-looking focus of Artesian’s business, assuring supply, exceptional performance and reliability for customers – while achieving mutual reduction in infrastructure expense for partners and providing cost-effective solutions to local businesses.

Over the last year, Artesian has entered into an agreement with Allen Harim Foods, LLC, that will invest $17 million in infrastructure to reclaim and repurpose 1.5 mgd of treated effluent for spray irrigation; partnered with Sussex County to interconnect systems and enhance regional wastewater recycling capabilities in an area experiencing significant growth; signed an agreement for the purchase of the water assets at Fort DuPont for a planned 600 unit community; and, acquired the water assets of the historic town of Odessa to bring reliable fire protection and drinking water to residents and businesses.  In delivering solutions to water and wastewater infrastructure challenges, Artesian looks forward to partnering with other public and private entities to finance, repair, rebuild, and ensure the sustainability of communities’ water and wastewater infrastructure.  “Artesian’s expertise in this area will help build and strengthen not only the local economy but will ensure that future generations will have the infrastructure needed to sustain growing needs,” said Taylor.  

In 2016 Artesian invested nearly $30 million in capital improvements to infrastructure, which in turn contributes to economic growth; and expects over $50 million will be invested in 2017. Artesian has leveraged investment to enhance sources of water supply, improve existing treatment facilities, expand drinking water delivery systems and lay the groundwork for some of the most innovative and cost-effective wastewater solutions in the region. “We are pleased to be able to offer a superior service that also contributes to the region’s economic vitality and public health, as well as ensures high-quality drinking water and fire protection to the people we serve across the Delmarva Peninsula,” said Taylor.

Learn more about our successes in our 2016 Annual Report available at www.artesianwater.com.

About Artesian Resources
Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related services, on the Delmarva Peninsula.  Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905.  Artesian supplies 7.6 billion gallons of water per year through 1,260 miles of water main to approximately 301,000 people.

Contact:
Nicki Taylor
Investor Relations
(302) 453-6900
[email protected]