H2O Innovation Signs Strategic Agreement with Nanostone and Confirms Leading Position as Ceramic Membrane System Integrator
June 17 2020 - 8:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is proud to announce it signed a strategic agreement
with ceramic membrane manufacturer, Nanostone Water, Inc.
(“Nanostone”), and confirms its leading position as a ceramic
membrane system integrator in the water industry.
“We are very excited to partner up with the
Nanostone team. As an engineered product supplier primarily focused
on membrane technology, it is important to constantly renew
ourselves and use the best membrane for each application. While we
will continue to commercialize polymeric ultrafiltration (“UF”),
reverse osmosis and membrane bioreactor, ceramic UF will allow us
to address different market needs: it is basically another string
to our bow. For instance, ceramic membranes offer great benefits
regarding flux and durability which can make a big difference when
we compete over considering overall life cycle cost. They also
sustain higher suspending solids loading and can resist cleaning
regimes at a much wider range of pH. This can be very strategic to
differentiate our solutions on industrial treatment flow
charts,” added Frédéric Dugré, President and CEO of
H2O Innovation.
The relationship between H2O Innovation and
Nanostone began back in 2016, when Nanostone contracted the
Corporation to design and fabricate two pilot units. The quality
and success of these pilots influenced Nanostone to contract H2O
Innovation to upgrade their existing fleet of pilot units,
especially the controls elements. The Corporation utilized the
Nanostone pilots in several project studies and was impressed with
the performance of their technology. One study resulted in the
purchase of a full-scale system for a Midwest industry where H2O
Innovation had previously installed polymeric UF membranes. This
system is treating 0.2 MGD (757.1 m3/day) surface water and
secondary effluent for cooling tower. The operational performance
improved considerably, and they are planning to convert the
polymeric membranes to Nanostone ceramic ones.
H2O Innovation sold an additional system
employing Nanostone membranes for a resort in New York, treating a
year around cold temperature surface water. They have been
independently engaged in a program to retrofit existing polymeric
microfiltration/UF membrane systems, for the last two years, and it
has resulted in several successful contracts in Texas and the
Dakotas.
With a collective and supportive reference list,
and a growing interest in ceramic membrane technology, the two
companies decided it was the right time to engage in a strategic
agreement. In this preferential business collaboration, the parties
have agreed to jointly lead a larger commercialization of the
technology. The market for ceramic membranes systems is growing and
Nanostone is a leader in membranes while H2O Innovation is a leader
in designing and efficiently assembling skids; the strength of both
will lead to the capture of significant market shares in the
industrial and municipal sectors.
For more information about these Nanostone
ceramic membranes, you can visit the new section of H2O
Innovation’s website, under the Technologies’ tab.
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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