H2O Innovation Secures Three New Contracts Totaling Over CAN$2.6 Million
April 22 2008 - 4:04PM
Marketwired
QUEBEC CITY, QUEBEC 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.
Contacts: H2O Innovation (2000) Inc. Guy Goulet President of the
Board and CEO 450-227-1150 ggoulet@h2oinnovation.com H2O Innovation
(2000) Inc. Frederic Dugre President and COO 418-688-0170
fdugre@h2oinnovation.com
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