H2O Innovation: Machine Builder Partner in the Rockwell Automation OEM Program
and Termination of Joint Venture in India
Alternext: MNEMO: ALHEO
QUEBEC CITY, May 28, 2013 /CNW Telbec/ - (TSXV: HEO) - H(2)OInnovation Inc.
("H(2)O Innovation" or the "Company") announces today that it is now a partner
in the Rockwell Automation OEM Program, part of the Rockwell Automation
PartnerNetwork and that it has terminated the joint venture with its partner
Rockwell Automation OEM Program
The Rockwell Automation PartnerNetwork is an elite group of about 80 companies
worldwide that have demonstrated exceptional design, delivery and innovation.
H(2)O Innovation earned the right to partner with such world class
organization by demonstrating its ability and strong knowledge to integrate
Rockwell Automation knowledge base in control and automation for its
custom-built water treatment systems. H(2)O Innovation is currently the sole
partner of the Rockwell Automation PartnerNetwork dedicated to the development
of integrated water treatment solutions.
The Rockwell Automation PartnerNetwork framework offers global manufacturers
access to a collaborative network of companies mutually focused on developing,
implementing and supporting best-in-breed solutions to achieve plant wide
optimization, improve machine performance, and meet sustainability objectives.
With the Rockwell Automation OEM Program, H(2)O Innovation will benefit from
the latest innovation and technology advancements and will be able to offer
its clients competitive pricing. "Rockwell Automation is a recognized world
leader in automation and power equipment. With this agreement, we will
strengthen our existing strong partnership with Rockwell Automation, into
something more powerful for the benefit of our customers. H(2)O Innovation's
customers present and future, will be offered a wider scope of products and
expertise for automation and control equipment for their entire system
including water intake, pre-treatment, distribution and storage management.
Our global offer will be enhanced by this partnership to the benefit of
municipal, industrial and commercial end-users. H(2)O Innovation is very proud
to be part of this select partnership" stated Frédéric Dugré, President and
Chief Executive Officer of H(2)O Innovation.
Termination of the Joint Venture in India
H(2)O Innovation has decided to terminate its participation in the joint
venture in India, created three (3) years ago under the name H(2)O Innovation
India Limited and announced on February 1, 2010. This decision has been
taken since the sales objectives initially established have not been met.
H(2)O Innovation India Limited required a lot of attention and resources and
the impact on the revenues and earnings of the Company were very insignificant.
Certain statements set forth in this press release regarding the operations
and the activities of H(2)OInnovation 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. 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 Company to be materially different than the said
forward-looking statements. 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).
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated
to industrial automation and information, makes its customers more productive
and the world more sustainable. Headquartered in Milwaukee, WI, Rockwell
Automation employs over 22,000 people serving customers in more than 80
countries. For more information on the Rockwell Automation PartnerNetwork
framework, visit: www.rockwellautomation.com/partners.
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
SOURCE: H2O Innovation Inc.
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