TSXV: HEO
Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise stated.
QUEBEC CITY, Jan. 14, 2014 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") announces today that it was recently
awarded $6.5 million of new contracts in Western Canada's energy
sector. These new contracts bring the Company's order backlog for water
treatment projects to $17.9 million as of January 13, 2014.
Amongst the contracts announced today, two of them are major contracts
awarded by a leading independent energy company engaged in the
exploration, development and production of natural gas and oil in North
America. These two contracts will see H2O Innovation design, build and commission a potable water treatment
package as well as a wastewater treatment package for a 2,300 person
workers camp in Northern Alberta.
"The award of these contracts from a major player in the oil & gas
industry is a notorious pledge of confidence because it is the second
mandate given to us by this client just after the delivery of two
similar units last fall. Our expertise in water purification and sewage
treatment, our value-added design and our ability to execute and
deliver on time are some of the key factors that have enabled us to
secure this second project", said Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.
The potable water treatment plant, which includes provision of raw water
pumping, filtration using cartridge filters, ultrafiltration and
reverse osmosis as well as chlorination prior to storage in an above
ground bolted steel potable water storage tank, will produce 575 m3/day of fully treated potable water. To complement the potable water
package at this camp, H2O Innovation will supply a membrane bioreactor (MBR) wastewater
treatment plant having a capacity of 517.5 m3/day and consisting of a raw wastewater pumping, anoxic and aerobic
tanks, membrane tanks, disinfection by ultraviolet light and discharge
to an engineered disposal field.
A third contract has been awarded to H2O Innovation by an international company operating in Alberta
specializing in in-situ oil sands production. This contract will see H2O Innovation design, build and commission a membrane based water
treatment package located within the owners of CPF (central processing
facility) to treat well water for domestic use in the administration
and maintenance buildings, laboratories, garage wash bay as well as
supply the safety showers and eye wash stations.
Forward-looking statements
Certain statements set forth in this press release regarding the
operations and the activities of H2O Innovation may constitute forward-looking statements within the
meaning of securities legislation. Forward-looking statements concern
analysis and other information based on forecast future results,
performance and achievements and the estimate of amounts that cannot
yet be determined. Those forward-looking statements, based on the
current expectations of management, involve a number of risks and
uncertainties, known and unknown, which may result in actual and future
results, performance and achievements of the Company to be materially
different than the said forward-looking statements. Information about
the risk factors to which the Company is exposed is provided in the
Annual Information Form dated September 24, 2013 available on SEDAR (www.sedar.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 to municipal, energy & natural resources end-users. H2O
Innovation also provides a complete line of specialty chemicals and
consumables for membrane filtration and reverse osmosis systems. For
more, 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 Alternext Exchange accepts responsibility for the adequacy or
accuracy of this release.
SOURCE H2O Innovation Inc.
