Three New Water Treatment Projects Add $8.5 M to The WTS Backlog
23 Agosto 2023 - 9:00AM
Business Wire
All amounts are in Canadian dollars unless otherwise stated.
(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that its Water Technologies
& Services (WTS) business was recently awarded three new water
treatment projects, including drinking water, wastewater, and water
reuse applications, totalling $8.5 M. These projects speak to the
growing demands for water needs of all kinds and increase the WTS
backlog to $64.0 M.
The Corporation has secured a contract with a confidential
recurring client, located in the western USA, for an industrial
ultrafiltration (UF) system. This project involves a 2-train system
designed to produce 4 MGD (15,142 m3/day) of water used for cooling
towers. In this unique project, H2O Innovation will also provide a
secondary UF train for the treatment of the backwash wastewater to
improve the overall system recovery. “We are very happy to provide
a third system for this client to support their growing water
treatment needs. The fact that some clients return to us for more
business stands as a testament to not only their satisfaction but
also the trust that they place in our ability to deliver solutions.
These customer partnerships are a source of pride for us and compel
us to keep delivering quality services,” stated Frédéric Dugré,
President, Chief Executive Officer and co-Founder of H2O
Innovation.
The second project is for a solar panel manufacturing plant
which will utilize UF followed by reverse osmosis (RO) to treat
industrial wastewater. The system will include three 0.5 MGD (1,893
m3/day) trains for reuse within the facility. “H2O Innovation is a
strong advocate of water reuse and is proud to contribute to water
conservation in collaboration with this new client. This
partnership exemplifies our commitment to support water positivity
and sustainable practices that benefit not only our clients, but
also the environment as a whole,” added Frédéric Dugré.
Lastly, H2O Innovation will supply an expansion for an existing
membrane bioreactor (MBR) system, which was also provided by the
Corporation in 2022, at Chelsea Ridge Apartments in Wappingers
Falls, New York. The current system has been in operation for
approximately 18 months and the client is now moving forward to the
second phase of the project. This expansion will add the necessary
membranes and ancillary equipment to accommodate the required
increase in capacity.
Prospective disclosures Certain information and
statements contained in this press release and in other
Corporation’s oral and written public communications regarding the
Corporation’s business and activities and/or describing
management’s objectives, projections, estimates, expectations or
forecasts may constitute forward-looking statements within the
meaning of the applicable securities legislation. Forward-looking
statements include the use of words such as “anticipate”,
“believe”, “continue”, “could”, “estimate”, “expect”, “if”,
“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, although not all
forward-looking statements include such words. H2O Innovation would
like to point out that forward-looking statements involve a number
of uncertainties, known and unknown risks and other factors which
may cause the actual results, performance or achievements of the
Corporation, or of its industry, to materially differ from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Major factors that may lead to a
material difference between the Corporation’s actual results and
the projections or expectations set forth in the forward-looking
statements include, without limitation, the execution and delivery
of its projects in a timely manner and without additional costs,
considering the challenges resulting from the labor shortage and
the inflation rate on goods and services and such other risks as
described in the Corporation’s Annual Information Form dated
September 27, 2022, which is available on SEDAR (www.sedar.com).
The forward-looking information contained in this press release is
based on information available as of the date of the release and is
subject to change after this date. Unless otherwise required by the
applicable securities laws, H2O Innovation disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
About H2O Innovation Innovation is in our name, and it is
what drives the organization. H2O Innovation is a complete water
solutions company focused on providing best-in-class technologies
and services to its customers. The Corporation’s activities rely on
three pillars: i) Water Technologies & Services (WTS) applies
membrane technologies and engineering expertise to deliver
equipment and services to municipal and industrial water,
wastewater, and water reuse customers, ii) Specialty Products (SP)
is a set of businesses that manufacture and supply a complete line
of specialty chemicals, consumables and engineered products for the
global water treatment industry, and iii) Operation &
Maintenance (O&M) provides contract operations and associated
services for water and wastewater treatment systems. Through
innovation, we strive to simplify water. For more information,
visit www.h2oinnovation.com.
Source: H2O Innovation Inc. www.h2oinnovation.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230823766288/en/
Marc Blanchet +1 418-688-0170
marc.blanchet@h2oinnovation.com
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