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H2O Innovation Ord Shs V.HEO


Primary Symbol: HEOFF

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.


OTCQX:HEOFF - Post by User

Bullboard Posts
Post by atomicnumber31on Jan 06, 2016 8:26am
94 Views
Post# 24432587

HEO NEWS

HEO NEWS

 

H2O wins $7.6-million in water treatment contracts

 

2016-01-06 06:16 MT - News Release

 

Mr. Frederic Dugre reports

H2O INNOVATION AWARDED NEW CONTRACTS WORTH $7.6 M AND INCREASED ITS SALES BACKLOG TO A RECORD HIGH OF $50.8 M

H2O Innovation Inc. was recently awarded two new contracts in Canada and one new contract in the United States, one of which will integrate the Clearlogx technology. These new contracts bring the company's sales backlog to a record high of $50.8-million, excluding the sales backlog from its specialty products and services business line (PWT, Piedmont and H2O Innovation Maple).

The first project has been awarded to the company by Englishman River Water Service, and consists of the design, manufacture and commissioning of a two-stage ultrafiltration system with a total of five trains to treat water from the Englishman River. Once completed, the system will produce 4.2 million gallons per day (16,000 cubic metres/day) of potable water for the City of Parksville, in British Columbia. Furthermore, the system is expandable to 12.7 million gallons per day (48,000 cubic m/day) to meet current and future demands of the city. This system is designed with the FiberFlex skid, an open platform technology developed by H2O Innovation that allows interchangeability between several types of UF modules. The recently acquired Clearlogx technology will also be part of the system in order to monitor and automatically optimize coagulant dose, maximizing the life of the membrane and reducing overall plant operating expenses.

"H2O Innovation has managed, once again, to stand out as a provider of innovative technologies and has proven its ability to adapt to meet customer needs. The FiberFlex and Clearlogx technologies are differentiating factors that help us win new projects. We are especially pleased by the rapid integration of the Clearlogx technology to our offer and the positive response generated by our customers only a few weeks after its introduction. The interest Clearlogx is generating could have positive effects on our project business line as well as on our PWT specialty products line, which will ensure long-term supply of coagulants," stated Frederic Dugre, president and chief executive officer of H2O Innovation.


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