Posted at 12:00h
in Press Releases
March 8, 2010
Internationally Renowned Firm Named Preferred Provider in Agreement with Cadiz; Believes in Sustainability of the Project
Los Angeles, CA – 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.