H2O Innovation Awarded New Contracts Totaling CAN$2.2 Million, Adds Sales Representatives in the United States
December 10 2009 - 8:00AM
Marketwired
H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX
VENTURE: HEO)(ALTERNEXT: MNEMO:ALHEO), a complete water treatment
solutions company providing custom designed systems along with
water additives and specialty chemicals for membrane filtration
systems, announces it successfully landed contracts worth a total
of CAN$2.2 million within the last few weeks. These contracts bring
the Company's sales backlog at CAN$21.2 million (the sales backlog
figure includes a contract whose execution has been deferred, as
was announced by the Company by means of press release in November
2008). The Company's sales backlog is uniquely comprised of systems
and equipment sales and does not include sales of services or
consumable products, which represented approximately a quarter of
its total sales for the previous quarter (first quarter of the
current 2010 fiscal year).
These contracts will see H2O Innovation design, manufacture and
deliver custom-built water treatment systems for the production of
drinking water by reverse osmosis, for water reuse and for the
treatment of wastewater. Some of the contracts will also see the
Company supply process equipment and parts. These sales will be
delivered to municipal and institutional end-users in various U.S.
regions including the Mid-Atlantic, Southeastern and Mountain
States. Some of the systems sales announced today have been funded
in part by funds from the American Recovery and Reinvestment Act of
2009.
"The signing in the last few weeks of these new contracts and
sales representatives in the United States is the result of the
ongoing efforts deployed throughout our company to expand our sales
network and to maintain a high level of bidding activity in the
municipal drinking water sector", stated Frederic Dugre, President
and CEO of H2O Innovation Inc.
New sales representatives for wastewater treatment systems in
the United States
Following a very successful participation at WEFTEC.09, the
largest annual water quality conference and exhibition in the
United States, H2O Innovation continues to gain momentum in the
water reuse and wastewater treatment industry segments. The Company
has recently signed agreements with three new sales representation
agents for its wastewater treatment solutions-including its
patented Bio-Brane(TM) MBR for water reuse applications and its
Bio-Wheel(TM) advanced wastewater treatment system. These
additional representatives cover Louisiana and Mississippi,
Southern New Jersey, Eastern New York and Long Island, and Florida.
With these three additional representatives, the Company's network
now totals more than 20 sales representatives in the United States
for its water reuse and wastewater treatment systems.
"We are happy to note that some of the contracts announced today
originate from opportunities that were brought to us by sales
representatives signed just over a year ago during the previous
edition of WEFTEC. We continue to look for additional highly
networked and market knowledgeable representatives throughout the
United States and internationally for our water reuse and
wastewater treatment systems", concluded Frederic Dugre.
Prospective disclosures
This press release may contain prospective disclosures
representing current expectations of H2O Innovation which 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 28, 2009 available on SEDAR
(www.sedar.com). H2O Innovation rejects any 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 custom-built water
treatment systems for the production of drinking water, the
reclamation of water, the treatment of wastewater and industrial
process water in the municipal, commercial, industrial, mining, and
energy markets. Additionally, the Company offers complete operating
and maintenance solutions for membrane filtration and reverse
osmosis systems. 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). For more information about H2O
Innovation, visit the Company's website at
www.h2oinnovation.com
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 418-688-0170
ext. 329 guillaume.ducharme@h2oinnovation.com
www.h2oinnovation.com
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