H2O Innovation Ord Shs HEOFF

Industrials

H2O Innovation Inc. is a Canada-based water solutions company, which is focused on providing technologies and services to its customers. The Company designs and provides custom-built, and integrated water treatment solutions based on membrane filtration technology for municipal, energy and natural resources end-users. The Company’s segments include Water Technologies & Services (WTS), Specialty Products (SP), and Operation & Maintenance (O&M). WTS segment designs and builds custom water, wastewater, and water reuse systems. It is engaged in applying membrane technologies and engineering expertise to deliver equipment and services to municipal and industrial water, wastewater, and water reuse customers. SP segment manufacture and supply a complete line of specialty chemicals, consumables, and engineered products for the global water treatment industry. O&M provides contract operations and associated services for water and wastewater treatment systems.

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H2O Innovation Ord Shs

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Post by LRHausJr28562on Feb 12, 2014 8:32am

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Wednesday, February 12, 2014

H2O Innovation awarded a major CAD $10 million seawater desalination contract

Quebec City, February 12, 2014 – (TSXV: HEO) – H₂O Innovation Inc. (“H₂O Innovation” or the “Company”) announces today that it has been awarded a major contract of CAD$10 million in the United States to design, build and supply major equipment and services for a seawater reverse osmosis (SWRO) system. This will be the second largest SWRO system in the United States. The contract brings Company’s order backlog for water treatment projects above CAD $25 million as of February 11, 2014.

The Monterey Peninsula Water Supply Project in California will replace a significant portion of the existing water supply from Carmel River, with the intake from wells located under the ocean floor. When completed, the SWRO will provide 9.6 MGD (36,336 m3/d) potable water. The plant is expected to be operational in late 2017 or early 2018. CDM Constructors Inc. has been awarded the entire design build contract and H2O Innovation has been subcontracted to design and supply the SWRO system and provide commissioning services.

“We are particularly proud of the confidence granted by the client by awarding us this major contract. Our cumulative experience of the past years in the realisation of water treatment projects in different scopes of work will be an important asset to help us achieve success on this major project”, said Frédéric Dugré, President and Chief Executive Officer of H₂O Innovation.