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Last €0.97 EUR
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ALHEO On Other Exchanges
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h2o innovation inc (ALHEO) Snapshot

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h2o innovation inc (ALHEO) Details

H2O Innovation Inc. provides membrane filtrations solutions for water treatment. The company designs, manufactures, and assembles custom-built water treatment systems for the production of drinking water and industrial process water, the reclamation and reuse of water, and the treatment of wastewater. Its products comprise pressure filters, ultrafiltration systems, NF and RO membranes, and mobile and pilot units; and wastewater treatment solutions comprising Bio-Wheel biological treatment systems, Bio-Brane membrane bioreactors, and BiH2Omobile mobile wastewater treatment systems. The company is also involved in the design and production of seawater desalination systems; provision of turnkey solutions; and manufacture and distribution of equipment for the maple industry. In addition, it offers water recycling solutions; and membrane pretreatment chemicals, membrane cleaners, membrane preservatives, and coagulants and flocculants for maintaining and operating municipal, industrial, and commercial reverse osmosis systems. The company serves various markets consisting of municipalities and communities; mining, oil, and energy; pharmaceutical, hospital, and research; commercial and agrifood; and industrial and manufacturing sectors, as well as the maple syrup industry. It has operations in Canada, the United States, Tunisia, China, Egypt, the United Arab Emirates, Oman, Switzerland, Mexico, Israel, and other countries. H2O Innovation Inc. was founded in 2000 and is headquartered in Quebec City, Canada.

160 Employees
Last Reported Date: 05/14/15
Founded in 2000

h2o innovation inc (ALHEO) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$280.0K
Vice President of Finance
Total Annual Compensation: C$145.0K
Executive Vice President
Total Annual Compensation: C$160.0K
Vice President of Corporate & Legal Affairs a...
Total Annual Compensation: C$143.0K
Compensation as of Fiscal Year 2014.

h2o innovation inc (ALHEO) Key Developments

H2O Innovation Inc. Secures New Contracts in the United States and Canada

H2O Innovation Inc. announced that it has recently been awarded new contracts in the United States and in Canada for a total value of $7 million, including a contract with the City of Carlsbad in California for the design of a water reuse system. These new contracts bring the sales backlog for water treatment systems up to $44 million as of August 27, 2015. The water treatment expertise and knowledge of H2O Innovation contributed to a successful design-build effort with the City of Carlsbad in California for the design, manufacture, delivery and commissioning of a water reuse system. This ultrafiltration (UF) system will have a 3 MGD (11,356 m3/d) capacity and will treat the effluent of the Encina Water Pollution Control Facility. The filtrate water will then be used for non-potable water applications such as irrigation and certain industrial applications. This design-build project will be the third expansion of the Carlsbad Water Recycling Facility and benefits from financial help provided by the State of California. Of the contracts secured in the last few weeks, two of them consist of the design, manufacture, delivery and commissioning of drinking water systems for municipalities located within the United States. The Sweetwater Authority in California, located near San Diego, has selected H2O Innovation to expand its desalination plant, which were built by the Company in 2000. The existing system produces 4 MGD (15,141 m3/d) of drinking water and will be increased to 5 MGD (18,927 m3/d) with the addition of three reverse osmosis (RO) trains treating brackish water. This system expansion will benefit the cities of Bonita, Chula Vista, and National City which are all strongly affected by the drought in California. Furthermore, the City of Arkansas in Kansas also contracted H2O Innovation to replace its existing lime softening system used for the production of drinking water. A new four trains RO system will be installed to produce 3 MGD (11,356 m3/d) of drinking water from groundwater. The manufacturing of this system is preceded by a 45 day piloting period to validate the treatment scheme. Finally, the company will design, manufacture, deliver and commission a new membrane bioreactor (MBR) system to be installed in the Province of Quebec. This wastewater system of three trains will treat 36 GPM (196 m3/d) of wastewater. This is an important opportunity for H2O Innovation since this project enables the Company to introduce, for the first time in the Province of Quebec, one of its green wastewater technologies.

H2O Innovation Inc. Wins $3.6 Million in New Contracts

H2O Innovation Inc. announced that it was recently awarded new contracts for a total value of $3.6 million. These new contracts allow the company to maintain a high level sales backlog for water treatment projects; $38.6 million as at May 20, 2015, excluding sales backlog from its Specialty Products and Services division (Professional Water Technologies, Piedmont and H2O Innovation Maple). H2O Innovation has been selected by two US companies in the energy sector for the design, manufacturing and commissioning of complete process water treatment systems. A first ultrafiltration system will be supplied to a power plant located in New Jersey. This UF system will treat secondary effluent in order to produce 0.375 MGD (1,420 m3/day) of process water to be used in cooling towers and boiler applications. The system will integrate FiberFlexTM technology developed by H2O Innovation, allowing membrane module interchangeability. The second system will be provided to a refinery located in New Mexico and will produce 500 gpm (1.9 m3/min) of process water. The reverse osmosis (RO) system supplied by H2O Innovation will be installed on the concentrate stream of a primary RO unit and will act as a brine concentrator to further capture useable water from what would otherwise be a waste stream. Also, H2O Innovation's proprietary technology Bio-BraneTM will be integrated into a wastewater treatment system for a municipality located in Saskatchewan, Canada. This technology, unique to H2O Innovation, has been chosen by the client due to the fragility of the receiving body and its low operation costs compared to other available technologies on the market. For the moment, H2O Innovation's team is working on the engineering and design phase of this project. The Company also won a nanofiltration water treatment project for the municipality of Sainte-Marthe-sur-le-Lac, located in the Province of Quebec, Canada. The system, that will be designed, manufactured and commissioned by H2O Innovation, will produce 1.64 MGD (6,200 m3/day) of potable water from a surface water source. The manufacturing phase of the project will be preceded by a three-month validation piloting period. Finally, H2O Innovation will manufacture two identical pilot units to test the ceramic membranes designed by Nanostone Water Inc. This will be the first project in collaboration with Nanostone.

H2O Innovation Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

H2O Innovation Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the period, the company has posted revenue was CAD 12,121,641 against CAD 9,826,466 a year ago. Net earnings was CAD 150,490 or CAD 0.007 basic and diluted per share against net loss of CAD 216,314 or CAD 0.010 basic and diluted per share a year ago. Adjusted EBITDA was CAD 712,652 against CAD 299,122 a year ago. Research and development expenses-­net was CAD 78,344 against CAD 51,197 a year ago. For the nine months, the company has posted Revenue was CAD 37,029,832 against CAD 26,935,113 a year ago. Net earnings was CAD 550,601 or CAD 0.026 basic and diluted per share against net loss of CAD 1,186,889 or CAD 0.073 basic and diluted per share a year ago. Adjusted EBITDA was CAD 2,127,503 against CAD 278,613 a year ago. Research and development expenses-­net was CAD 167,768 against CAD 198,648 a year ago. Operating activities generated CAD 1,392,269 in cash compared with CAD 298,938 of cash used during the corresponding period ended March 31, 2014. The increase is mainly attributable to the change in working capital items and the improvement in net earnings in the third quarter of fiscal year 2015.


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