H2O Innovation Awarded New O&M Contracts and Renews Existing Contracts, Amounting to $5.4 M
16 Mai 2023 - 2:00PM
Business Wire
All amounts are in Canadian dollars unless otherwise stated.
(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is proud to announce that it has recently been
awarded three new operation and maintenance (O&M) service
contracts and has extended seven existing contracts. These projects
have a total value of $5.4 M, bringing the Corporation’s O&M
backlog to $147.7 M.
H2O Innovation has been awarded a new O&M contract with
Rocky View County, Alberta, for a period of two years, with the
option to renew for three additional periods. The Corporation has
also secured two additional O&M contracts in the States of New
York and Texas.
“Our new project in Alberta provides us with a great opportunity
to maximize the use of our existing resources in the region and to
enhance the cost efficiency of our fixed expenses. Furthermore,
this project will allow us to take advantage of the operational
synergies that exist across our three business pillars and that
make H2O Innovation’s business model so unique. With 22 other
plants operated by the Corporation in Alberta, we are strategically
positioned to better serve our clients located in this fast-growing
region,” said Frédéric Dugré, President, Chief Executive Officer
and co-Founder of H2O Innovation.
Additionally, H2O Innovation has renewed several O&M
contracts in the Hudson Valley, in the State of New York, as well
as in the Northeastern United States. One of these contracts is
with the City of Lincoln, New Hampshire, and has been extended for
an additional period of five years.
Prospective Disclosures The information and statements
contained in this press release and in other Corporation’s oral and
written public communications regarding the Corporation’s business
and activities and/or describing management’s objectives,
projections, estimates, expectations or forecasts may constitute
forward-looking statements within the meaning of the applicable
securities legislation. Forward-looking statements include the use
of words such as “anticipate,” “if,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “will,” and other
similar expressions, as well as those usually used in the future
and the conditional, although not all forward-looking statements
include such words. H2O Innovation would like to point out that
forward-looking statements involve a number of uncertainties, known
and unknown risks and other factors which may cause the actual
results, performance or achievements of the Corporation, or of its
industry, to materially differ from any future results, performance
or achievements expressed or implied by such forward-looking
statements. Major factors that may lead to a material difference
between the Corporation’s actual results and the projections or
expectations set forth in the forward-looking statements include,
without limitation, the execution and performance of the services
described in the O&M contract, in a timely manner and without
additional costs, considering the challenges resulting from the
labor shortage and the inflation rate on good and services, the
creation of synergies between the Corporation’s business pillars
despite the competitive environment in which it operates and such
other risks as described in the Corporation’s Annual Information
Form dated September 27, 2022, which is available on SEDAR
(www.sedar.com). The forward-looking information contained in this
press release is based on information available as of the date of
the release and is subject to change after this date. Unless
otherwise required by the applicable securities laws, H2O
Innovation disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
About H2O Innovation Innovation is in our name, and it is
what drives the organization. H2O Innovation is a complete water
solutions company focused on providing best-in-class technologies
and services to its customers. The Corporation’s activities rely on
three pillars: (i) Water Technologies & Services (WTS) applies
membrane technologies and engineering expertise to deliver
equipment and services to municipal and industrial water,
wastewater, and water reuse customers, (ii) Specialty Products (SP)
is a set of businesses that manufacture and supply a complete line
of specialty chemicals, consumables and engineered products for the
global water treatment industry, and (iii) Operation &
Maintenance (O&M) provides contract operations and associated
services for water and wastewater treatment systems. Through
innovation, we strive to simplify water. For more information,
visit www.h2oinnovation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230516005243/en/
Marc Blanchet +1 418-688-0170
marc.blanchet@h2oinnovation.com
H2O Innovation (EU:ALHEO)
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