H2O Innovation: Utility Partners Wins a New Operation and Maintenance Contract in Florida and Renews an Existing Project
September 28 2020 - 7:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that Utility Partners, LLC
(“UP”), its business line dedicated to operation and maintenance
services (“O&M”) in North America, has recently been awarded a
new O&M contract and renewed an existing project. These
contracts, with a total value of $5.1 M, bring the O&M backlog
to $84.9 M.
The first contract won is for the operation and
maintenance services of a municipality in Florida, for a period of
three (3) years. A total of 20 employees will be added to operate
this infrastructure. This contract will start on October 1st, 2020
and consist of water distribution, sewers and storm water
collection, and natural gas operation. Over the years, the
Corporation has delivered more than 15 membrane filtration projects
to this State, but this is the very first O&M contract.
“We are very proud to have been awarded this
major contract in Florida. In addition to entering a new territory,
we will also be able to take advantage of cross-selling
opportunities and synergies with the projects carried out in this
State, by H2O Innovation, over the past few years”,
stated Bill
Douglass, Vice President
of the Operation and Maintenance Business Pillar
of H2O
Innovation.
Finally, Utility Partners also renewed an
existing O&M contract in New York State for an additional year.
This wastewater treatment project was designed and commissioned in
2018 by H2O Innovation.
About Utility PartnersUtility
Partners operates, maintains, and repairs water and wastewater
treatment plants, distribution equipment and other water utilities
for all of its municipal customers. It currently employs 435
employees for the operation of more than 200 utilities in two (2)
Canadian provinces and twelve (12) US states, mainly on the US Gulf
coast, Southeast, Northeast (New England) and the West Coast. For
more information, visit www.utilitypartnersllc.com.
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.comContact: Marc
Blanchet+1 418-688-0170 marc.blanchet@h2oinnovation.com
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