H2O Innovation: Capturing Synergies and Strengthening Strategic Geographies
January 12 2021 - 8:00AM
(TSXV: HEO) – With renewed focus on cross-business collaboration,
H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is
pleased to share two recent successes highlighting the synergies
between its subsidiary, Genesys, and other business lines.
“Managing Directors of our business lines are
collaborating in many ways to develop comprehensive solutions for
our customers around the world. We have recently seen two
significant examples of real synergies and integration
opportunities – between Genesys and Piedmont, and between Genesys,
PWT, and our WTS business line – that created added value for our
customers. These types of synergies are a clear focus of the 3-Year
Strategic Plan we presented in November,” stated
Gregory Madden, Chief Strategic Officer of
H2O Innovation.
Strengthening customer relationships by focusing
on these types of synergies should lead to increased recurring
sales for the Corporation, which typically results in improving
overall gross margins. These activities can often present
opportunities for the Specialty Products businesses to develop new
products to support their customers.
Genesys’ Algerian distributor recently signed an
agreement to represent Piedmont’s business line as well. Algeria is
one of the world’s major players in mega seawater membrane
desalination plants, defined as plants operating at capacities
greater than 100,000 m3/day, with 10 mega plants and nearly
2,000,000 m3/day total capacity. An agreement with Medchem, a
long standing Genesys distributor who have direct access to the
aftermarket, represents significant strategic growth potential for
Piedmont. Under this new agreement Piedmont should be able to
address many retrofit and recurrent business opportunities coming
from end-users.
In North America, Genesys and PWT, with the
support of H2O Innovation’s WTS Services team, combined forces to
solve a difficult membrane fouling issue for a gold mine in Nevada.
Genesys’ Genmine® range of products, specifically targeted to
difficult mining waters, provided a unique solution that was proven
in the laboratory and verified in the field. Prior to the
acquisition of Genesys by H2O Innovation, the team had little
geographic coverage in North America, one of the biggest mining
markets in the world with over 130 plants using membrane technology
treating over 800,000 m3/day of mine water. The cross-business team
worked together with the client to understand and solve the
problem, showing great customer care.
Prospective disclosures This
press release contains forward-looking information under applicable
securities law. All information that addresses operations and
activities that H2O Innovation expects to occur in the future is
forward-looking information. Forward-looking statements use such
words as “believe”, “continue”, “estimate”, “expect”, “intend”,
“should” or “will” and other similar terms as well as those usually
used in the future and the conditional. Forward-looking statements
concern analysis and other information based on forecast future
results and the estimate of amounts that cannot yet be determined
and are based on the estimates and opinions of management on the
date the statements are made. In this press release, such
forward-looking statements include, but are not limited to,
statements regarding the Corporation’s ability to create synergies
and cross-selling opportunities to grow its business. Those
forward-looking statements involve several risks and uncertainties.
Those risks and uncertainties include, but are not limited to, the
Corporation’s ability to maintain this cross-business
collaboration, increase recurring sales following new business wins
and improve gross profit margin. Other risk factors are discussed
in the Corporation’s Annual Information Form dated September 23,
2020 available on SEDAR (www.sedar.com).
Should one or more of these risks or
uncertainties materialize, or should the assumptions underlying
those forward-looking statements prove incorrect, actual results
may vary materially from those described herein. Unless required to
do so pursuant to applicable securities legislation, H2O Innovation
assumes no obligation to update or revise forward-looking
statements contained in this press release or in other
communications as a result of new information, future events, and
other changes.
About Genesys Genesys is a UK
privately-owned group of companies specializing in the development
and manufacturing of specialty chemicals dedicated to water
treatment. Genesys develops, manufactures and distributes specialty
reverse osmosis (RO) membrane chemicals, antiscalants, cleaners,
flocculants and biocides, and offers, through a large distribution
network, a portfolio of over 35 diversified products with unique
formulation that are manufactured in its facility located in
Cheshire, UK. In addition, Genesys also offers complete laboratory
services such as feed water and pre-treatment tests, membrane
autopsies and cleaning program design. For more information, visit
www.genesysro.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 technologies 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 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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