HEO H2O Innovation Inc

H2O Innovation (2000) Inc. ("H2O")(TSX VENTURE:HEO)(Alternext:MNEMO:ALHEO) is
pleased to announce the signing of three new contracts in California, Alberta,
and northern Quebec. The contracts total CAN$2,675,000, bringing the firm's
backlog to CAN$17 million.


The first contract was awarded to H2O's American subsidiary, Membrane Systems
Inc. The membrane filtration system to be installed in the city of Oxnard,
northwest of Los Angeles, California, will recycle 6 million gallons of
wastewater per day to produce high quality drinking water using extremely
effective membrane technologies. It is worth noting that water reuse is
currently the fastest growing segment of the industry (source: Global Water
Intelligence: "Global Water Market 2008: Opportunities in Scarcity and
Environmental Regulations"). With this major contract, H2O has cemented its
position in this emerging field.


H2O's Alberta division, Sigma Environmental, has been awarded a contract for the
design and manufacture of a water purification system to be installed in an oil
industry construction camp near Calgary, Alberta. Once up and running, the
nanofiltration system will produce 84,000 gallons of quality drinking water per
day for the camp workforce. 


Lastly, H2O has also secured a contract to supply another BiH2Omobile-type
mobile wastewater treatment unit to a mining camp in northern Quebec, Canada.
Because wastewater treatment has become an environmental priority and with the
implementation of new regulations requiring an increase in the quality of
effluents, the mining camp once again sought out H2O's expertise and know-how to
find a solution to its problem. 


The ability to secure such diverse contracts in rapidly growing markets reflects
the effectiveness of H2O's development strategy to acquire new technologies.
Considering the booming economic development currently underway in western
Canada, mainly in the mining and oil industries, H2O has every confidence in the
excellent potential of its new Calgary division. 


About H2O

H2O is pursuing its market development in the water treatment sector with a
complete portfolio of membrane technologies and biological processes. H2O's
mission is to develop, produce and market state of the art, environmental
friendly products dedicated to the production of drinking water and the
treatment of wastewater and industrial processed water.


The TSX Venture Exchange and the Alternext Exchange assume no responsibility for
the relevance or accuracy of this press release.

H2O Innovation (TSXV:HEO)
Historical Stock Chart
From Jun 2024 to Jul 2024

H2O Innovation (TSXV:HEO)
Historical Stock Chart
From Jul 2023 to Jul 2024