H2O Innovation Awarded $8.4 M of New Water and Wastewater Projects
April 06 2023 - 7:00AM
Business Wire
All amounts are in Canadian dollars unless otherwise stated.
(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that its Water Technologies
& Services (WTS) business line has recently been awarded eight
new water and wastewater treatment projects, including six
industrial projects. These new contracts, with a total value of
$8.4 M, increase the WTS backlog to $56.0 M.
The Corporation’s most recent contract awards involves a 1.5 MGD
(5,700 m3/day) ceramic ultrafiltration (UF) system for the Fort
Berthold Indian Reservation in North Dakota. This design will
feature a high-water recovery rate of over 97%. Because the
proposed system will use ceramic membranes, it is in line with the
client’s objective to mitigate lifecycle expenses and streamline
operational practices, while generating water of superior quality
for the community.
The Corporation has been awarded another project for an electric
vehicle manufacturer that includes a treatment using multimedia
filters, degasifiers, and reverse osmosis (RO) systems. This system
will produce 150 GPM (820 m3/day) of make-up water for cooling
towers. The project is expected to be completed by the end of
2023.
H2O Innovation has also secured a contract for 1.0 MGD (4,000
m3/day) treatment system with two seawater reverse osmosis (SWRO)
trains for a US client. The end user, located at a resort in Latin
America, needs a reliable and energy-efficient source of
desalinated water which was the driving factor behind the design of
this new project. This project is expected to be completed within
the next twelve months.
The fourth project includes an 18 MGD (68,130 m3/day) UF system
for the West End Water Treatment Plant in the City of Billings,
Montana. The UF system will be comprised of seven trains and will
treat surface water for the City’s drinking water supply. H2O
Innovation has recently received the contract to complete the
design of the UF system and the water treatment plant is expected
to go into operation in 2025.
In addition to the previously mentioned projects, the
Corporation was awarded four new industrial projects, one of which
involves a four-month extension for a UF rental. Two other
contracts include the delivery of systems for a client specialized
in the production of biofuels. Finally, H2O Innovation secured a
contract to supply a RO system for a client in the US automotive
industry.
“We are pleased to have secured contracts with both new and
recurring clients for water and wastewater projects. This reflects
our ability to deliver high-quality systems and to build strong and
lasting relationships with our clients. Our team collaborates with
them to identify their specific needs and to tailor effective and
sustainable solutions to meet those requirements. As we move
forward, we remain committed to creating value for our clients and
to helping them achieve their objectives,” stated Frédéric
Dugré, President and Chief Executive Officer of H2O
Innovation.
Prospective disclosures Certain statements set forth in
this press release regarding the operations and the activities of
H2O Innovation as well as other communications by the Corporation
to the public that describe more generally management objectives,
projections, estimates, expectations, or forecasts may constitute
forward-looking statements within the meaning of securities
legislation. Forward-looking statements concern analysis and other
information based on forecast future results, performance and
achievements and the estimate of amounts that cannot yet be
determined. Forward-looking statements include the use of words
such as “anticipate,” “if,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “potential,”
“predict,” “project,” “should,” “will,” and other similar
expressions, as well as those usually used in the future and the
conditional. Those forward-looking statements, based on the current
expectations of management, involve a number of risks and
uncertainties, known and unknown, which may result in actual and
future results, performance, and achievements of the Corporation to
be materially different than the said forward-looking statements.
Such forward-looking statements include, but are not limited to,
the Corporation’s ability to execute, complete or deliver these
projects, in a timely manner and without additional costs, mostly
due to the challenges resulting from the global supply chain.
Information about the risk factors to which the Corporation is
exposed is provided in the Annual Information Form dated September
27, 2022, available on SEDAR (www.sedar.com).
About H2O Innovation Innovation is in our name, and it is
what drives the organization. H2O Innovation is a complete water
solutions company focused on providing best-in-class technologies
and services to its customers. The Corporation’s activities rely on
three pillars: i) Water Technologies & Services (WTS) applies
membrane technologies and engineering expertise to deliver
equipment and services to municipal and industrial water,
wastewater, and water reuse customers, ii) Specialty Products (SP)
is a set of businesses that manufacture and supply a complete line
of specialty chemicals, consumables and engineered products for the
global water treatment industry, and iii) Operation &
Maintenance (O&M) provides contract operations and associated
services for water and wastewater treatment systems. Through
innovation, we strive to simplify water. For more information,
visit www.h2oinnovation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230406005135/en/
Marc Blanchet +1 418-688-0170 marc.blanchet@h2oinnovation.com
www.h2oinnovation.com
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