H2O Innovation Nominated in Two Important Categories at the Global Water Awards, including Water Company of the Year
February 24 2020 - 8:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce its nomination in two
important categories at the Global Water Awards 2020, presented by
Global Water Intelligence (GWI) in Madrid, Spain, on March 30. The
Corporation qualified among the finalists for Water Company of the
year (the highest honor in the water treatment industry) as well as
for Project of the Year, for its project with the City of
Montevina, in California.
For its first nomination, the Corporation will
compete against three industry giants: Culligan, Essential
Utilities, Inc. and Kurita Water Industries. This award will
recognize the company that made the most significant contribution
to the development of the international water sector in 2019. Over
the past year, H2O Innovation has experienced significant growth,
mainly influenced by the acquisition of a specialty chemical
company in the United Kingdom: Genesys International Inc. As a
result, the Corporation has expanded its distribution network by
more than 100 distributors worldwide and added a 15,000 ft2
manufacturing plant in the United Kingdom. This acquisition also
solidified the unique business model of the Corporation which
combines water and wastewater treatment projects, aftermarket
services, specialty products as well as operation and maintenance
services ("O&M"). H2O Innovation also experienced strong growth
in the O&M business line, notably driven by the acquisition of
Hays Utility South Corporation in 2018 in Texas, as well as by
large-scale orders for flexible couplings and cartridge filters
delivered by Piedmont.
“Having won the Water Technology Company of the
Year award in 2016, we could not be prouder of the progress we have
made so far. The honors are even greater this year with the Water
Company of the Year nomination. Our sustainable business model has
proven itself and now allows us to count on more than 80% of
recurring revenues, stabilizing these revenues and minimizing the
Corporation’s risk, while providing our customers with a wider
range of solutions and products. With the acquisition of Genesys
and its large distribution network of specialty products, we can
say that H2O Innovation has truly become a real global player in
the water industry,” stated Frédéric
Dugré, President and Chief Executive Officer of H2O
Innovation.
“The genius of H2O Innovation’s dynamic
leadership team has been to encourage the three pillars of the
business to work in harmony to deliver a uniquely tailored value
proposition. No company, large or small, did more last year to earn
the respect of its competitors and its clients,” mentioned
Global Water Intelligence.
For its second nomination, H2O Innovation, with
the participation of HDR, BASF-Inge/Dupont & San Jose Water
Company, will be competing against other innovative projects
delivered in Singapore, Philippines and Hong Kong. This award will
reward the water treatment project, commissioned in 2019, that
shows the greatest innovation in terms of optimizing its physical
or environmental footprint. The Montevina project is a Design-Build
type of project and is considered as San Jose Water Company’s
largest surface water treatment facility with a capacity of 113,562
m3/day (30 MGD), including seven (7) ultrafiltration trains and two
(2) waste waters reduction trains by reverse osmosis.
“Montevina is a major project; it is the largest
Multibore® membrane installation in America. In addition, it is a
project with an alternative Design-Build contractual model in which
the consulting engineering firm, the builder and the equipment
manufacturer form a real team. Unlike traditional tenders in which
the contract is awarded to the lowest bidder, this type of process
creates an environment more inclined to innovation allowing H2O to
bring much more added value to the final design. We have worked
very hard over the past few years to become the “go-to” OEM
manufacturer, specializing in such tenders, which are becoming more
and more popular throughout the United States. We are delighted
with this nomination, which confirms that all this positioning work
is paying off,” added Guillaume Clairet, Chief Operating
Officer of H2O Innovation.
H2O Innovation invites all subscribers from the
Global Water Intelligence magazine, the Water Desalination Report
as well as the delegates who registered at the early-bird discount
for the Global Water Summit to vote, from February 24 to March 17,
for the company that has most distinguished itself over the past
year. The list of nominated companies is available through the
following link: https://globalwaterawards.com/2020-table/.
About Global Water
IntelligenceGlobal Water Intelligence is the leading
publisher and events organizer serving the international water
industry. Over the last 15 years we have built our business around
being a trusted interface between our clients and their markets,
providing our customers with high-level intelligence that enables
them to make the most informed strategic decisions for their
business. For more information, visit www.globalwaterintel.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 aftermarket 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 the policies of the
TSX Venture Exchange) nor the NYSE Euronext Growth Paris 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
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