H2O Innovation awarded CAD$3.1 million in contracts and broadens its offering TSX-V: HEO 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 units. 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 (14,000m(3)/d). 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 municipality. "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 water. 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. Prospective disclosures 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. About H(2)OInnovation 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: http://photos.newswire.ca/images/download/20121205_C6358_PHOTO_EN_21592.jpg SOURCE: H2O INNOVATION INC. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/December2012/05/c6358.html CO: H2O INNOVATION INC. ST: Quebec NI: ENV ORDER NP -0- Dec/05/2012 14:02 GMT
H2O Innovation awarded CAD$3.1 million in contracts and broadens its offering
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