H2O Innovation Signs CAD$2.7 Million in Contracts
July 15 2009 - 8:00AM
Marketwired
H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX
VENTURE: HEO)(ALTERNEXT: MNEMO:ALHEO) announces it has signed
several contracts to design and manufacture water treatment systems
in Canada, the United States, and Algeria, for the production of
drinking water and of industrial process water. These
contracts-totaling CAD$2.7 million-bring the Company's sales
backlog to CAN$25.7 million and reassert H2O Innovation's position
as a key player in the municipal and industrial water treatment
industry.
"We are happy to announce these new contracts today and are
confident that they represent only the beginning of the results we
could collect over time from the recent increase in bidding
activity that we have been experiencing across the entire company"
stated Frederic Dugre, President and CEO of H2O Innovation Inc.
Municipal drinking water production contracts
H2O Innovation has been awarded several contracts for the
design, manufacturing and delivery of municipal drinking water
systems and process equipment in Quebec (Canada) and Colorado
(United States). In Quebec the municipalities of Sainte-Irenee and
Sainte-Jeanne-d'Arc have selected H2O Innovation to design,
manufacture and deliver custom designed high performance
NanH2OFiltration nanofiltration systems including pre-treatment for
the production of drinking water from surface waters. The
NanH2OFiltration systems designed by H2O Innovation are certified
Proven Solutions (technologie eprouvee) by the Quebec Government's
Department of Sustainable Development, Environment and Parks. This
certification proves the efficiency and the reliability of the
NanH2Ofiltration surface water treatment system and enables the
Company to broaden its sales in the Quebec municipal market. H2O
Innovation is the first player in the industry to receive this
certification in Quebec for the treatment of surface water.
In the United States, H2O Innovation has signed a contract to
augment the capacity of the existing reverse osmosis system of the
City of Las Animas, Colorado. Through a general contractor, the
City has contracted H2O Innovation to design, supply and supervise
the commissioning of the second stage of an existing single stage
reverse osmosis system. The city's existing system was initially
supplied by Membrane Systems, now a subsidiary of H2O Innovation,
in 1996.
Industrial process water contracts
H2O Innovation has also recently signed contracts to supply
reverse osmosis systems and process equipments for the production
of industrial process water to clients active in the energy sector.
These systems-of different capacities-will be manufactured and
delivered to clients located in the United States, in Canada, as
well as in Algeria. H2O Innovation has been progressively stepping
up its business development efforts over the last years in Algeria,
Northern Africa and the Middle East-fast growing markets for water
treatment systems in general and reverse osmosis systems in
particular.
Prospective disclosures
This press release may contain prospective disclosures
representing current expectations of H2O Innovation and are subject
to certain risks and uncertainties. For details of these risks and
uncertainties please refer to the Company's Annual Information Form
dated September 26, 2008 available on SEDAR (www.sedar.com). H2O
Innovation is under no obligation to revise or update the
prospective disclosures contained in this press release.
About H2O Innovation
Exclusively dedicated to water treatment, H2O Innovation is
establishing itself as a key player in sustainable development and
the field of clean technologies. H2O Innovation designs, develops,
produces, and integrates state-of-the-art water treatment systems
for the production of drinking water, the reclamation of water, the
treatment of wastewater and industrial processed water in the
municipal, commercial, pharmaceutical, industrial, mining, and
energy markets. H2O Innovation has approximately 100 employees and
eight offices including three manufacturing and assembly plants in
Canada and the United States. Shares of H2O Innovation are listed
on the TSX Venture Exchange (HEO) as well as on the NYSE Euronext
Alternext Exchange (MNEMO: ALHEO).
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.
Contacts: H2O Innovation Inc. Guillaume Ducharme 418-928-0234
guillaume.ducharme@h2oinnovation.com www.h2oinnovation.com
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