TSXV: HEO
Alternext: MNEMO:
ALHEO
OTCQX : HEOFF
QUEBEC, Nov. 24, 2015 /CNW Telbec/ - (TSXV: HEO) –
H2O Innovation Inc. ("H2O Innovation" or the
"Company") is proud to announce an important development in its
specialty products & services ("SP&S") business line.
Piedmont Pacific Corporation ("Piedmont"), specialized in the
design and manufacturing of flexible couplings and membrane related
equipment, and PWT, a leader in the manufacturing and distribution
of specialty chemicals recently confirmed distribution agreements
with three (3) new business partners located in Argentina, Italy, and Egypt.
Since its acquisition in 2013, Piedmont is going through remarkable growth on
the international market. This growth is being solidified by the
addition of two (2) new distributors, Aquarep and SG Projects.
Aquarep, an Argentinian company created in 2009, is a supplier of
water treatment systems components. Aquarep will add Piedmont flexible couplings as well as PWT
specialty chemicals to its current product lines. As a new Italian
company created in 2015, SG Projects is specialized in the water
industry, the oil and gas industry, and the energy sector. SG
Projects sells valves, piping solutions, expansion joints, electric
panels and SCADA systems, and will now distribute Piedmont's flexible couplings.
For its part, PWT concluded a distribution agreement with
Midwater, an engineering procurement and construction (EPC)
company, in business since 2008, providing comprehensive solutions
for water, wastewater and environmental technologies.
These new distributors will help H2O Innovation
increase its recurring revenues coming from the SP&S business
line. These new commercial relations have already started to bear
fruits. Midwater has initiated a container load of specialty
chemicals through PWT. "The addition of these three new
distributors further strengthens our international presence, and
supports our strategy for growth of the H2O Innovation
Specialty Products & Services business. We choose to grow with
distribution partners who have complimentary industry knowledge,
market access, and technical capabilities, and we believe that all
three of these partnerships fit fantastically within that
framework", said Gregory Madden,
Vice President, Specialty Products and Services, with
responsibility for the Piedmont
and PWT business units.
About Piedmont
Piedmont designs, manufactures and provides a
broad line of flexible pipe couplings and fittings that span a wide
range of industrial and municipal applications oriented
predominantly towards membrane-related technologies. Engineered for
water treatment applications, Piedmont couplings make a significant
contribution to the longevity of systems thanks to high quality
fabrication and reliability. For more information, visit
www.piedmontpacific.com.
About PWT
PWT develops, manufactures and markets
specialty chemicals for municipal and industrial nanofiltration
("NF") and reverse osmosis ("RO") membrane systems. Its
environmentally friendly phosphate-free super-concentrated
antiscalants are eleven times more concentrated than standard
antiscalants, reducing shipping/handling costs by 90% and reducing
drum disposal requirements. With a complete line of NF and RO
pretreatment and maintenance products, comprehensive analytical and
technical capabilities, and an innovative research and development
group, PWT offers solutions to maximize the efficiency and
economics of membrane systems operations. For more information,
visit www.pwtchemicals.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 products and services
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 Professional Water Technologies