H2O Innovation : H2O Innovation awarded $4.7 million in contracts for
municipal and industrial water treatment projects - Company expands in
All amounts in Canadian dollars unless otherwise stated.
Quebec City, June 6, 2013 - (TSXV: HEO) - HOInnovation Inc. ("HO
Innovation" or the "Company") announces today that it was recently awarded
$4.7 million in new contracts. These new contracts bring HOInnovation's
order backlog for water treatment projects to $17.4 million as of June 5,
2013. The Company continue to expand its systems sales network by adding a new
sales manager in British-Columbia.
Among the projects announced today, one of them will see HO Innovation
design, assemble, deliver and commission a membrane filtration system,
combining the use of ultrafiltration (UF) and ultraviolet (UV), for a
community in British-Columbia. Once installed later this fall, the system will
produce 1.1 MGD (4,200 m^3/d) of drinking water from a surface water source.
HOInnovation is proud to announce, for the first time in its history, the
hiring within its North American systems sales force of a sales manager based
in British Columbia. Reporting to HOInnovation's sales hub located in
Calgary, Alberta, this sales manager will support the Company in developing
its sales network and promoting its products & services in Western Canada.
"In British Columbia notably there are many small and medium-sized
municipalities that still need improvement of their drinking water and
wastewater plants. The territory also abounds with multiple natural resources
related projects. The signature of this new contract in British Columbia and
the addition of a new sales expert to our Western Canadian team are two major
milestones that will definitely increase and improve our presence in this
high-growth market", commented Frédéric Dugré, President and Chief Executive
Officer of HOInnovation.
An important institutional end-user in California has selected HO
Innovation for the design, fabrication, assembly and delivery of an integrated
membrane filtration system combining UF and reverse osmosis (RO) units. The
proposed system will consist of a 0.5 MGD (1,900 m^3/d) UF unit and a 0.7 MGD
(2,650 m^3/d) RO unit, which will treat concentrate from an electrodialysis
reversal (EDR) system to minimize waste volume for this zero-liquid-discharge
(ZLD) facility. Working closely with the contractor the option was developed
and proposed as value-engineered option to the client.
Another system will be delivered for Everglades Cityin Florida. This
nanofiltration system will treat brackish water to produce 0.55 MGD (2,080
m^3/d) of drinking water.
Additionally, the Company will supply a 2-train RO system for an industrial
water reclamation project in Iowa. This system has an overall capacity of 0.35
MGD (1,325 m^3/d). Lastly, the Company will also deliver a 2-train
nanofiltration system for the production of drinking water in Québec.
Certain statements set forth in this press release regarding the operations
and the activities of HOInnovation 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).
HOInnovation 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. HOInnovation 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.
- 30 -
HO Innovation Inc.
HEO_Press_Release_ENG (June 6, 2013)
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information contained therein.
Source: H2O Innovation via Thomson Reuters ONE
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