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April 25, 2014
09:32 EDTABGB, AWKAmerican Water, Abengoa sign worldwide licensing agreement for NPXpress
American Water (AWK) and Abengoa (ABGB) signed a worldwide licensing agreement for American Water’s patented NPXpress technology. The agreement will enable Abengoa to use NPXpress to achieve wastewater treatment and nutrient removal in a sustainable way. American Water will retain all rights with respect to its NPXpress technology. The NPXpress technology helps wastewater utilities, which are facing both increasing operating costs and more stringent environmental regulations, to reduce costs while improving the removal of nitrogen and phosphorus. Because the technology operates at lower oxygen levels, electricity consumption for aeration can be reduced by up to 50%. In addition, the process can eliminate the need for costly chemical addition by up to 80%-100%. This process provides a more affordable and sustainable way of treating sewage. NPXpress is patent-protected in 15 countries and the EU.
News For AWK;ABGB From The Last 14 Days
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February 24, 2015
16:41 EDTAWKAmerican Water reaffirms 2015 EPS outlook $2.55-$2.65, consensus $2.61
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16:40 EDTAWKAmerican Water reports Q4 EPS 52c, consensus 51c
Reports Q4 revenue $731.4M, consensus $794.47M.

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