H2O Innovation Secures 6 New Projects, Totaling $17.8 M and Rebrands the First Business Pillar
August 24 2020 - 7:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is proud to announce it was awarded six (6) new
municipal and industrial projects in North America. These new
contracts, totaling $17.8 M, will bring the Corporation’s project
sales backlog to $42.2 M.
The first project won by the Corporation is for a dual membrane
system upgrade of a municipal water treatment plant in Manitoba,
with a total project value of $10.0 M. When completed, this project
will be one of the largest dual membrane drinking water plants in
Canada. Only the detailed engineering and the 12-month pilot study
representing $0.7 M have been added to the backlog. The remainder
will be added to the backlog upon the successful completion of the
pilot. The system designed by H2O Innovation will treat the surface
water of a river by ultrafiltration (“UF”) followed by
nanofiltration (“NF”). The initial treatment capacity will be 34.5
MGD (5,440 m3/hour) for the UF system and 27.6 MGD (4,350 m3/hour)
for the NF system.
The second contract awarded to H2O Innovation, by an industrial
customer, concerns the supply of a 6-train reverse osmosis (“RO”)
system, including feed pumps and cartridge filter housings, a
clean-in-place and flush system, as well as an antiscalant dosing
system. It will treat 6.0 MGD (1,140 m3/hour) for a customer in the
food and beverage industry located in Ohio.
The third project, also for an industrial customer, is for an
expansion to an existing water treatment system that H2O Innovation
provided back in 2007. The client was looking to increase its
production capacity due to increasing water demand. The Corporation
will provide three (3) additional UF trains with a total capacity
of 250 GPM (57 m3/hour), one (1) RO train with a capacity of
180 GPM (41 m3/hour), and one (1) sand filter for the cooling
tower system.
The Corporation also won two (2) other municipal projects in the
Canadian provinces of New Brunswick and Alberta. The first consists
of a water treatment system with a capacity of 0.5 MGD (95 m3/hour)
for the Village of Petit Rocher (NB). The project will treat
surface water with multimedia filtration (“MMF”) followed by NF.
The second project is for a membrane bioreactor system (“MBR”) that
will replace the city’s wastewater treatment plant in Alberta. H2O
Innovation has been operating this plant since 2018, and the new
MBR will increase the scope of the Corporation’s Operation and
Maintenance (“O&M”) contract.
Finally, the Corporation will build a 0.3 MGD (57 m3/hour)
seawater reverse osmosis (“SWRO”) desalination plant for a resort
facility in the Caribbean.
In addition to the new projects announced above, the Corporation
is excited to announce a strategic change in their business
alignment. In the first business pillar, the Water & Wastewater
Treatment Projects and Aftermarket Services businesses will be
combined into a single entity called Water Technologies &
Services (“WTS”). “We believe that this new name will better
reflect who we are, what we do, and what we have to offer our
customers. The combination of the two businesses puts us in the
best position to develop sustainable relationships with our
customers and improve our operational efficiency. By maximizing
client retention, our team will focus more on activities generating
recurring revenues which also help improve our gross profit
margins”, stated Frédéric Dugré, President and CEO of H2O
Innovation.
About
H2O Innovation H2O Innovation designs and
provides state-of-the-art, custom-built and integrated water
treatment solutions based on membrane filtration technology for
municipal, industrial, energy and natural resources end-users. The
Corporation’s activities rely on three pillars which are i) water
technologies and services; ii) specialty products, including a
complete line of specialty chemicals, consumables and specialized
products for the water treatment industry; and iii) operation and
maintenance services for water and wastewater treatment systems.
For more information, visit www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the NYSE Euronext Growth Paris accepts
responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation Inc.
www.h2oinnovation.com Contact: Marc
Blanchet+1 418-688-0170 marc.blanchet@h2oinnovation.com
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