H2O Innovation: Piedmont Secures New FRP and Coupling Orders Totalling $3.5 M, Including The Largest Sea Water Reverse Osmosi...
January 09 2020 - 8:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is proud to announce its independent subsidiary,
Piedmont, a global leader in corrosion resistant equipment for
desalination plants in the industrial and municipal markets,
secured several fiber reinforced polyester (FRP) cartridge filter
housings and couplings orders, totalling $3.5 M.
Piedmont secured a purchase order for the FRP filter housing
scope for what will be the largest sea water reverse osmosis (SWRO)
desalination plant in the World. Located in the Middle East, it
will treat up to 900,000 m3/day. “We couldn’t be prouder to have
won this incredible project. This will certainly help us to win
other major projects while growing our backlog and strengthening
our reference list,” stated
Ties Venema, Managing Director of Piedmont.
For that same business line, Piedmont has also been awarded
other major projects. In Tunisia more specifically, for the second
time in a row, the team will be providing FRP filter housings for
two (2) medium sized (50,000 m3/day) SWRO desalination plants. The
team will also deliver, in a couple of months, an important project
in Saudi Arabi, that will include four (4) FRP units, treating a
total of 24,480 m3/day. Moreover, Piedmont was recently added
to the approved vendor list by the Egyptian army. This will
allow them to bid on the upcoming large-scale desalination plants
and will provide good growth opportunities in this booming
region.
Furthermore, Piedmont won several other projects, for both
coupling and FRP business lines, in North America, Latin America,
Europe, the Middle East, North Africa, India and Singapore during
the last five (5) months. “Our current order book is higher than it
has ever been in the company, which gives us confidence with
respect to a significant growth of the Piedmont business when
compared to our last fiscal year,” added Ties
Venema.
About PiedmontPiedmont is a
global leader in corrosion resistant equipment for desalination
plants and meets critical customer demand for a wide range of
applications in the industrial and municipal markets. For more
information, visit www.piedmontpacific.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, industrial, energy and natural resources
end-users. The Corporation’s activities rely on three pillars which
are i) water & wastewater projects, and services; ii) specialty
products, including a complete line of specialty chemicals,
consumables and specialized products for the water treatment
industry; and iii) operation and maintenance services for water and
wastewater treatment systems. For more information, visit
www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Source: H2O Innovation Inc.
www.h2oinnovation.com Contact: Marc
Blanchet+1 418-688-0170 marc.blanchet@h2oinnovation.com
H2O Innovation (TSXV:HEO)
Historical Stock Chart
From Jun 2024 to Jul 2024
H2O Innovation (TSXV:HEO)
Historical Stock Chart
From Jul 2023 to Jul 2024