H2O Innovation and 3M Purification Enter Into a Sales Representation Agreement for the U.S. Oil & Gas and Automotive Assembly Ma
January 20 2010 - 8:00AM
Marketwired
H2O Innovation Inc. ("H2O Innovation" or the "Company")(TSX
VENTURE: HEO)(ALTERNEX: MNEMO:ALHEO), a complete water treatment
solutions company providing custom designed systems along with
specialty chemicals for membrane filtration systems, announces that
it has signed a sales representative agreement (the "Agreement")
with 3M Purification Inc. ("3M Purification"), formerly known as
CUNO Incorporated, a world leader in the separation, clarification,
and purification of fluids and gases with global operations. Under
the Agreement, 3M Purification will represent H2O Innovation's
complete line of customized water treatment solutions in the U.S.
oil & gas and automotive assembly markets.
The Agreement reinforces H2O Innovation's current internal
industrial water treatment sales force in the United States. In
both the oil & gas and automotive assembly markets, 3M
Purification will represent H2O Innovation's high performance water
treatment systems and maintenance solutions including: custom
designed, ultrafiltration, nanofiltration, and reverse osmosis
membrane systems, its proprietary wastewater and water reuse
technologies, and its line of patent-pending sustainable water
additives and membrane cleaners. The terms of the Agreement remain
confidential.
Existing H2O Innovation resources have been assigned to support
this initiative and have already started to develop sales
opportunities.
"The appointment of 3M Purification-a recognized innovation
leader-as representative for our water treatment systems and
solutions in the U.S. oil & gas and automotive assembly markets
represents a valuable growth opportunity for H2O Innovation in
these markets, which are segments of significant size in the
industrial water treatment industry. One of the main pillars of our
Company's growth strategy is to increase the level of industrial
sales. This Agreement with 3M Purification provides us with a new
tool to grow our sales and better balance our industrial and
municipal sales", stated Frederic Dugre, President and CEO of H2O
Innovation. "This commercial agreement gives us access to sales
opportunities we would not otherwise have been able to obtain,
thanks to 3M Purification's long standing client relationships with
top-tier U.S. companies," concluded Frederic Dugre.
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, oil &
gas, 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
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.
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: Source: H2O Innovation Inc. Guillaume Ducharme +1
418-688-0170 ext. 329 guillaume.ducharme@h2oinnovation.com
www.h2oinnovation.com
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