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Water treatment specialist Basin Water prices at $12

May 12, 2006

In a sign of strong demand, Basin Water, a provider of systems for the treatment of contaminated groundwater, priced 6.0 million shares at $12. The company had originally filed to offer 5.0 million shares at $8 to $10. Janney Montgomery, A.G. Edwards and Canaccord Adams were the underwriters on the deal. Expect the stock to begin trading on the Nasdaq this morning under the symbol "BWTR."