Sancon Resource Recovery Inc., a waste management and recovery firm, works to collect and recycle commercial and industrial waste primarily in China and Australia. The company operates along the entire recycling chain, from collection to reintroduction.

Ecosphere Technologies Inc. (ESPH.OB) is a diversified water engineering and services company primarily focused on the natural gas industry. The company provides water recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays.

Badger meter is popping a nice 9% today on strong Q2 earnings. Compared to Q2 of 2007, Q2 2008 sales are up 20.1%, net earnings up 28.8%, and EPS up 26.3%. These results are in the face of what appeared to be a challenging environment for utility and industrial component suppliers.

BioShaft Water Technology Inc. (OTCBB: BSHF), developer of innovative wastewater treatment technologies, today announced it has secured an agreement with Al Tawfeeq, a wholly-owned subsidiary of Qatar-based Al Hashemi Group.

Basin Water Inc. designs, builds, implements, and services systems that treat contaminated groundwater and wastewater, and provide for waste reduction, and resource recovery. The company has their own ion-exchange system that treats groundwater contamination at the wellhead. With headquarters in Rancho Cucamonga, California, they are part of the Water Utilities industry and list on NASDAQ.

Worldwater & Solar Technologies Corp., a solar electric water and engineering company, works to offer solar power solutions to high powered mechanical motor applications. When a high power motor is needed to run an application, such as a water pumping system, the company provides a solar solution to powering that motor as circumstances dictate.

The Water Utilities Industry has declined by almost 20% compared to its combined market capitalization a year ago. It is one of the few parts of the economy that has done worse than the general S&P 500 Index. The decline during the first half of June 2008 has been terribly steep. Is there any relief in sight?