H2O Innovation awarded CAD$3.1 million in contracts and broadens its offering
Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise stated.
QUEBEC CITY, Dec. 5, 2012 /CNW Telbec/ - (TSXV: HEO) - H(2)OInnovation Inc.
("H(2)O Innovation" or the "Company") announces today that it was recently
awarded $3.1 million in new contracts. These new contracts bring
H(2)OInnovation's order backlog for water treatment projects to $21.3
million as of December 5, 2012. H(2)OInnovation continues to develop
steadily in its three main growth vectors (municipal, energy and natural
resources), and broadens its offering through the leasing of containerized
The first contract announced today will see H(2)OInnovation design,
assemble, deliver and commission a water reuse expansion plant for the Leo J.
Vander Lans Water Treatment Facility, CA. The system, based on the reverse
osmosis technology, will offer a finished water capacity of 3.7 MGD
As part of another contract H(2)O Innovation will, for the first time in its
history, lease a water purification unit to a village municipality in Northern
Quebec. Based on a conventional nanofiltration technology, the mobile
container - an insulated and heated unit with a capacity of 27.5 gpm (150
m(3)/d) - will treat groundwater to produce drinking water. H(2)O Innovation
has signed a one-year leasing agreement, renewable upon request by the
"For us, this leasing agreement is a first of its kind. There is a strong
demand for such service, and we are definitely willing to develop it and offer
it more and more to communities and workers' camps -enhancing our services,
broadening our market reach, and offering a more comprehensive range of
services and products", commented Frédéric Dugré, President and Chief
Executive Officer of H(2)OInnovation.
Another contract will see H(2)O Innovation manufacture and deliver a drinking
water production unit for a mining camp also located in Northern Quebec. The
insulated container will integrate nanofiltration technology to treat surface
Finally H(2)O Innovation is proud to announce it will be responsible for
start-up and operation assistance services for a drinking water production
unit and a wastewater treatment plant in Northern Alberta. The Company
delivered these two turn-key solutions last summer to an industry-leading oil
& gas customer for a 1,000 workers camp. Based on the trust established during
that phase of the project the client requested H(2)OInnovation's field
service team to accompany them for the first six months of operation while
they get comfortable with the technologies.
Certain statements set forth in this press release regarding the operations
and the activities of H(2)OInnovation as well as other communications by the
Company 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 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" or
"will", and other similar expressions, as well as those usually used in the
future and the conditional, notably regarding certain assumptions as to the
success of a venture. Those forward-looking statements involve a number of
risks and uncertainties, which may result in actual and future results of the
Company to be materially different than those indicated. Information about the
risk factors to which the Company is exposed is provided in the Annual
Information Form dated September 25, 2012 available on SEDAR (www.sedar.com).
Unless required to do so pursuant to applicable securities legislation,
H(2)OInnovation assumes no obligation to update or revise forward-looking
statements contained in this press release or in other communications as a
result of new information, future events and other changes.
H(2)OInnovation designs and provides state-of-the-art, custom-built, and
integrated water treatment solutions based on membrane filtration technology
to municipal, energy & natural resources end-users. H(2)OInnovation also
provides a complete line of specialty chemicals and consumables for membrane
filtration and reverse osmosis systems. For more, 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 Alternext
Exchange accepts responsibility for the adequacy or accuracy of this release.
Source:H2O Innovation Inc. /www.h2oinnovation.com
Contact:Marc Blanchet / +1418-688-0170 /firstname.lastname@example.org
Image with caption: "Workers' Camp, Alberta, Canada - Oil & Gas Industry -
Modular turn-key packaged plants - Drinking water production (ultrafiltration
& reverse osmosis) - 300 m3/d (55 gpm) - Wastewater treatment (Bio-Brane™) -
400 m3/d (73 gpm) (CNW Group/H2O INNOVATION INC.)". Image available at:
SOURCE: H2O INNOVATION INC.
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-0- Dec/05/2012 14:02 GMT
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