Clearflowplus plc, a Subsidiary of Water Services Corporation, has as its main objects:
1. (i) the provision of technical consultancy services inter alia with the distribution of water for domestic, commercial, industrial and other purposes, the conservation and exploitation of water resources and sources of water supply, the treatment of wastewater and the creation of novel ways of exploiting water resources in general; and
2. (ii) the provision of consultancy services and supplies in connection with reverse osmosis plants, wastewater treatment facilities, laboratory analysis, information technology and property management.
CFP is currently a revenue-generating company that prioritizes sustainability and promotes eco-friendly activities. One of its main focuses is the provision of water through industrial reverse osmosis systems for the hospitality sector. In addition, the Issuer also provides private and public water dispensers to make clean, safe drinking water more accessible to the general public. By offering these products, the Issuer aims to reduce the number of plastic water bottles that end up in landfills or otherwise in the environment, and promote healthier lifestyles by encouraging individuals to drink more water.
In addition to focusing on sustainable products and responsible business practices, the Issuer also aims to commercialize the knowledge-based and operational expertise of its parent undertaking, Water Services Corporation. With years of experience in the water industry, Water Services Corporation has developed a wealth of knowledge and technologies related to water treatment, conservation, and management. By commercializing this knowledge, the Issuer aims to generate revenue and advance the industry as a whole and contribute to solving the world’s water-related challenges. Furthermore, through partnerships with other companies and organizations, the Issuer aims to leverage its expertise to impact the environment and society while growing its business positively.
OUR TEAM
Dr. Vince Micallef
Chairman and non-executive Director of the Issuer
Dr. Vincent Micallef graduated as Doctor of Laws in 2006 u subsequently obtained the warrant to practice the profession of advocate in the courts of Malta and Gozo.
Dr. Micallef commenced his career as a legal officer in the Malta Police Force where he formed part of the prosecution’s and advisory team legal affairs, being also in charge of a number of prosecutions before the Courts of Justice. Dr. Micallef also lectured Criminal Law, Human Rights’ Law and Juvenile Law at the Academy for Criminal Justice. He also represented the Malta Police Force in Belgium, Brussels under the auspices of Europol.
Throughout his legal career, he was exposed to various legal assignments in the litigation sector, in front of both the Inferior Courts as well as the Superior Courts. He currently manages his law firm Vincent Micallef & Associates. Apart from his legal profession as an Advocate in judicial cases, Dr. Micallef served and continued to serve on various boards of directors, within both private companies and government-owned entities, in some of which he serves as Chairman and/or as a Non-Executive Director. Furthermore, Dr. Micallef had also been elected to serve for a number of years as a member representing Malta of the European Committee on the Prevention of Torture and Inhuman or Degrading Treatment or Punishment within the Council of Europe, within the terms of the European Convention of Human Rights.
Apart from being a Director of the Issuer, Dr. Micallef is also a member of the Audit Committee of the Issuer and a
member of the Board of the Guarantor and of the internal audit committee of the Guarantor.
Ing David Sacco has been in the water sector for more than thirty years. Ing. Sacco holds a Bachelors Degree in Engineering and a Masters in Business Administration. He is also a Chartered Engineer and a member of the Institute of Engineering Technology of UK.
Ing. Sacco has expertise in desalination and membrane treatment projects ranging from design, project management
as well as operations and maintenance. During his employment period with Water Services Corporation he was responsible for all reverse osmosis plants’ optimization programs that included project financing, design, manufacturing and commissioning. He was also instrumental in the development of special tools to ensure production of water at high efficiency levels and hence lowest operational cost possible. He is currently also responsible for the management of all wastewater and reclamation plants operated by Water Services Corporation.
Apart from being a Director of the Issuer, Ing. Sacco is also the Production & Treatment CO of the Guarantor.
Ms. Angela Azzopardi graduated as Valedictorian in 2013 in the Bachelor of Commerce (Honours) Degree in Economics at the University of Malta.
She started her career as Junior Economist at the Economic Policy Department (‘EPD’) in the Ministry for Finance and Employment (‘MFE’) in 2013. Following various promotions over the past ten years she is currently the Head of Secretariat of the MFE. As an economist at MFE and the main technical liaison between the Ministry’s Secretariat and EPD, Ms. Azzopardi has been directly involved in all stages of the Budget process. Along the years, she has also performed econometric modelling for entities under the Ministry’s portfolio including the Commissioner for Revenue.
Apart from being a Director of the Issuer, Ms. Azzopardi is also a member and Chairperson of the Audit Committee of the Issuer.
Mr. Luke Cann, a warranted accountant and auditor, holds a Bachelor of Accountancy (Honours) degree and a Masters in Financial Services from the University of Malta. He commenced his professional career in the assurance division of a mid-tier firm, progressing to a senior position within the business advisory division. Subsequently, Luke was appointed to a director role of the business advisory division of the same firm. During this period Luke was actively involved in driving strategic growth and development of this division and was involved in multiple sizeable corporate finance transactions.
From the experience garnered in his career, in 2023, through Fusion Advisory, Luke commenced providing boutique
advisory and business consulting services to an array of local and international businesses operating in various
economic sectors
Ing. Abigail Cutajar is a Warranted and Chartered Engineer by profession. She mainly focuses on policy development of new emerging technologies, energy consultancy, and the development of green buildings.
Ing. Cutajar obtained a Bachelors degree and then a Masters degree in Engineering from the University of Malta. She
furthered studies in the areas of Energy and Sustainability in buildings which led to the acquisition of professional
accreditation in Leadership in Energy and Environmental Design (LEED). Appointed as an Advisor to the Maltese Government for the execution of policy development within the areas of Energy, Electrification and Climate Action.
Her involvement in the building sector includes providing technical expertise to achieve high-performance green building design and construction projects through the adoption of LEED practices. Her work experience varies widely across different industries. This involves the implementation of high-value investment projects, in efforts to acquire and certify state-of-the-art developments, which are highly efficient and sustainable along the whole lifecycle of the project.
Apart from being a Director of the Issuer, Ing. Cutajar is also a member of the Audit Committee of the Issuer and a member of the Sustainability Committee of the Issuer.
Ms. Katrina Cuschieri is an economist (B.Com - Econ) and accountant (ACCA qualified) by profession and a graduate
with a Master’s degree in Political Science and Political Economy from the London School of Economics. She is currently serving as a Policy Advisor at the Ministry for the Environment, Energy, and Enterprise, working on projects related to economic development, green energy and enterprise policy.
In her role, she works closely with stakeholders from various industries, including the private and public sector,
academia and civil society organisations, to develop national solutions which address current economic, sustainability and social challenges.
Apart from being a Director of the Issuer, Ms. Cuschieri is also a member of the Audit Committee of the Issuer.