H2O Innovation awarded $4.7 million in contracts for municipal and industrial water treatment projects - Company expands in
H2O Innovation awarded $4.7 million in contracts for municipal and industrial water treatment projects - Company expands in British-Columbia
TSXV: HEO Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise stated
QUÉBEC, June 6, 2013 /CNW Telbec/ - (TSXV: HEO) - H(2)O Innovation Inc. ("H(2)O Innovation" or the "Company") announces today that it was recently awarded $4.7 million in new contracts. These new contracts bring H(2)O Innovation'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 H(2)O 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.
H(2)O Innovation 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 H(2)O Innovation'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 H(2)O Innovation.
An important institutional end-user in California has selected H(2)O 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 City in 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.
Prospective disclosures Certain statements set forth in this press release regarding the operations and the activities of H(2)O Innovation 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 H(2)O Innovation H(2)O Innovation 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)O Innovation 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 +1 418-688-0170 email@example.com
SOURCE: H2O Innovation Inc.
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CO: H2O Innovation Inc. ST: Quebec NI: ENV UTI VNT
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