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Cadiz Issues 2023 Shareholder Newsletter Marking One Year Anniversary of New Board Chair Susan Kennedy
In separate actions, Coachella Valley Water District approves agreement to convey Cadiz water to the Salton Sea and San Bernardino County makes appointment to
About this update from Cadiz, Inc.
[{"type":"text","content":"In separate actions, Coachella Valley Water District approves agreement to convey Cadiz water to the Salton Sea and San Bernardino County makes appointment to Cadiz Water Project's Technical Review Panel\nLOS ANGELES, March 1, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI) (\"Cadiz\", the \"Company\"), a clean water solutions company, published a new edition of CDZI Magazine, the Company's annual shareholder newsletter summarizing developments across the Company over the past year. The new edition features an interview with Cadiz Executive Chair Susan Kennedy reflecting on her first year in her role. \n\n \n \n \n \n \n \n\n \n\"Cadiz is a critical piece of California's water storage, transportation and supply network,\" Kennedy said. \"The Cadiz water project is the only new major storage capacity south of the Sacramento-San Joaquin Delta and the only new source of water supply that can help Southern Californians reduce demand from the imperiled Colorado River. We will be the first in the world to convert an existing oil and gas pipeline to carry water, and we now own the most cost-effective groundwater treatment technology in the Western U.S. With what we've accomplished in the last year, Cadiz is ready to play a major role in making access to clean water the human right it's supposed to be.\"\nIn separate actions yesterday, two public agencies took steps to implement key elements of the Cadiz Water Conservation and Storage Project:\nThe Coachella Valley Water District (\"CVWD\") Board of Directors voted yesterday 5-0 to approve an agreement with Cadiz, the Salton Sea Authority (\"SSA\"), and the Torres Martinez Desert Cahuilla Indians (\"Torres Martinez\") and make CVWD water conveyance infrastructure available to deliver 5,000 acre-feet per year of water supply to the Salton Sea and Torres Martinez when the Cadiz Project is operational. The water will be used to support restoration of the Salton Sea and support health, safety and economic development on Tribal lands and in disadvantaged communities in eastern Coachella Valley. Under the agreement, Cadiz will make water available from the Cadiz water project to the Salton Sea Authority and Torres Martinez Tribe at no cost.\nAlso yesterday, the San Bernardino County Board of Supervisors unanimously approved its oversight role in the inter-agency Technical Review Panel ...