The outcome of negotiations with the Cayman government regarding a new retail license agreement, the future financial performance of its subsidiaries that manufacture water treatment related systems and projects and provide the design, engineering, management, operating and other services applicable to commercial, municipal and industrial water production.
Utilize the input text as a context reference, choose the right relationship between 'water treatment' and 'water' from the options.
Options: headquarters location, parent organization, distributed by, product/material produced