TSXV: HEO
OTCQX: HEOFF
Alternext: MNEMO:
ALHEO
All amounts in Canadian dollars unless otherwise
stated.
QUEBEC CITY, Nov. 5, 2015 /CNW Telbec/ - (TSXV: HEO) –
H2O Innovation Inc.
("H2O Innovation" or the "Company") announces today
that it was recently awarded three new contracts in an aggregate
amount of $8.9 million for the design
of potable water treatment systems. These new contracts bring the
sales backlog to a high level of $44.3
million as at November 5,
2015, excluding the sales backlog from its Specialty
Products and Services business lines (PWT, Piedmont and H2O Innovation
Maple).
H2O Innovation is proud to have been selected by
three different water authorities for the design, manufacture and
commissioning of ultrafiltration (UF) systems to service municipal
clients. These systems, located in Oregon, Texas
and Virginia, will each be
designed using the FiberFlexTM skid, an open platform
technology developed by H2O Innovation allowing
interchangeability between different brands of UF membrane
modules.
The first contract will allow H2O Innovation to
expand its presence in Texas. The
City of Sherman selected the Company for the design, manufacture
and commissioning of a UF membrane system of five (5) trains to
treat water from Lake Texoma and produce 11.3 MGD (42,775
m3/day) of potable water. This system will help
the City of Sherman upgrade an aging treatment system and more
efficiently treat the city's water.
A second contract is for the design, manufacture and
commissioning of a water treatment system for the City of Lebanon; a first for H2O
Innovation in the State of Oregon.
"This project represents an important opportunity to introduce, in
the State of Oregon, the Company's
membrane filtration knowledge and its unique FiberFlexTM
skid", stated Frédéric Dugré President and Chief Executive
Officer of H2O Innovation. Once completed, this
system will be treating water from the South Santiam River in order
to produce 4.5 MGD (17,034 m3/day) of potable
water.
Finally, the Company is proud to have been selected by
Loudoun County in the Commonwealth
of Virginia to design, manufacture
and commission a UF system for the communities of Raspberry Falls
and Selma Estates. These new communities will be serviced by a
2-train UF system that will produce 0.45 MGD (1,703
m3/day) of potable water.
These three important systems build on an already notable UF
reference list for H2O Innovation. As demonstrated with
these recent awards, the FiberFlexTM skid, an innovative
product developed by the Company that capitalizes on the process
convergence in the UF market, gives a technical and commercial
advantage to the customer through adaptability to multiple UF
membrane modules. The FiberFlexTM skid provides freedom
of choice to the end-user and ultimately lower lifecycle costs.
H2O Innovation continues to steadily grow, enter new
territories and increase its market shares, all while maintaining
backlog at a high level.
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,
2015 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 information, 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.
www.h2oinnovation.com
SOURCE H2O Innovation Inc.