TSXV: HEO
Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise
stated.
QUEBEC CITY,
Jan. 14, 2014 /CNW Telbec/ - (TSXV:
HEO) - H2O Innovation Inc. ("H2O
Innovation" or the "Company") announces today that it was recently
awarded $6.5 million of new contracts
in Western Canada's energy sector.
These new contracts bring the Company's order backlog for water
treatment projects to $17.9 million
as of January 13, 2014.
Amongst the contracts announced today, two of
them are major contracts awarded by a leading independent energy
company engaged in the exploration, development and production of
natural gas and oil in North
America. These two contracts will see H2O
Innovation design, build and commission a potable water treatment
package as well as a wastewater treatment package for a 2,300
person workers camp in Northern
Alberta.
"The award of these contracts from a major
player in the oil & gas industry is a notorious pledge of
confidence because it is the second mandate given to us by this
client just after the delivery of two similar units last fall. Our
expertise in water purification and sewage treatment, our
value-added design and our ability to execute and deliver on time
are some of the key factors that have enabled us to secure this
second project", said Frédéric Dugré, President and Chief
Executive Officer of H2O Innovation.
The potable water treatment plant, which
includes provision of raw water pumping, filtration using cartridge
filters, ultrafiltration and reverse osmosis as well as
chlorination prior to storage in an above ground bolted steel
potable water storage tank, will produce 575 m3/day of
fully treated potable water. To complement the potable water
package at this camp, H2O Innovation will supply a
membrane bioreactor (MBR) wastewater treatment plant having a
capacity of 517.5 m3/day and consisting of a raw
wastewater pumping, anoxic and aerobic tanks, membrane tanks,
disinfection by ultraviolet light and discharge to an engineered
disposal field.
A third contract has been awarded to
H2O Innovation by an international company operating in
Alberta specializing in in-situ
oil sands production. This contract will see H2O
Innovation design, build and commission a membrane based water
treatment package located within the owners of CPF (central
processing facility) to treat well water for domestic use in the
administration and maintenance buildings, laboratories, garage wash
bay as well as supply the safety showers and eye wash stations.
Forward-looking statements
Certain statements set forth in this press release regarding the
operations and the activities of H2O Innovation may
constitute forward-looking statements within the meaning of
securities legislation. Forward-looking statements concern analysis
and other information based on forecast future results, performance
and achievements and the estimate of amounts that cannot yet be
determined. Those forward-looking statements, based on the current
expectations of management, involve a number of risks and
uncertainties, known and unknown, which may result in actual and
future results, performance and achievements of the Company to be
materially different than the said forward-looking statements.
Information about the risk factors to which the Company is exposed
is provided in the Annual Information Form dated September 24, 2013 available on SEDAR
(www.sedar.com).
About
H2O Innovation
H2O Innovation designs and provides state-of-the-art,
custom-built, and integrated water treatment solutions based on
membrane filtration technology to municipal, energy & natural
resources end-users. H2O Innovation also provides a complete line
of specialty chemicals and consumables for membrane filtration and
reverse osmosis systems. For more, visit 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.
SOURCE H2O Innovation Inc.