The Company signs four new contracts and pushes
its sales backlog at $44 million
TSX-V: HEO
OTCQX:
HEOFF
Alternext: MNEMO: ALHEO
All amounts are in Canadian dollars unless otherwise
stated.
QUEBEC CITY, Aug. 31, 2015 /CNW Telbec/ - (TSXV: HEO) –
H2O Innovation Inc.
("H2O Innovation" or the "Company") announces today
that it has recently been awarded new contracts in the United States and in Canada for a total value of $7 million, including a contract with the
City of Carlsbad in California for the design of a water reuse
system. These new contracts bring the sales backlog for water
treatment systems up to $44 million
as of August 27, 2015.
The water treatment expertise and knowledge of H2O
Innovation contributed to a successful design-build effort with the
City of Carlsbad in California for the design, manufacture,
delivery and commissioning of a water reuse system. This
ultrafiltration (UF) system will have a 3 MGD
(11,356 m3/d) capacity and will treat the effluent
of the Encina Water Pollution Control Facility. The filtrate water
will then be used for non-potable water applications such as
irrigation and certain industrial applications. This design-build
project will be the third expansion of the Carlsbad Water Recycling
Facility and benefits from financial help provided by the
State of California. "Located near
our Vista facility, in the heart of a region heavily affected by a
historic drought, the award of this contract in favor of
H2O Innovation again demonstrates our knowledge and
ability to provide added value essential to a design-build team",
stated Frédéric Dugré, President and Chief Executive Officer of
H2O Innovation.
Of the contracts secured in the last few weeks, two of them
consist of the design, manufacture, delivery and commissioning of
drinking water systems for municipalities located within the United
States. The Sweetwater Authority in California, located near San Diego, has selected H2O
Innovation to expand its desalination plant, which were built by
the Company in 2000. The existing system produces 4 MGD (15,141
m3/d) of drinking water and will be increased to 5 MGD
(18,927 m3/d) with the addition of three reverse osmosis
(RO) trains treating brackish water. This system expansion will
benefit the cities of Bonita,
Chula Vista, and National City which are all strongly affected
by the drought in California.
Furthermore, the City of Arkansas
in Kansas also contracted
H2O Innovation to replace its existing lime
softening system used for the production of drinking water. A new
four trains RO system will be installed to produce 3 MGD (11,356
m3/d) of drinking water from groundwater. The
manufacturing of this system is preceded by a 45 day piloting
period to validate the treatment scheme.
Finally, the Company will design, manufacture, deliver and
commission a new membrane bioreactor (MBR) system to be installed
in the Province of Quebec. This
wastewater system of three trains will treat 36 GPM (196
m3/d) of wastewater. This is an important opportunity
for H2O Innovation since this project enables the
Company to introduce, for the first time in the Province of
Quebec, one of its green
wastewater technologies.
Prospective disclosures
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 22,
2014 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
for municipal, energy and natural resources end-users. Also,
directly and through its affiliates, H2O Innovation
provides services and products complementary to its membrane
filtration and reverse osmosis systems. These products consist of a
complete line of specialty chemicals, consumables and couplings.
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.
www.h2oinnovation.com
SOURCE H2O Innovation Inc.