H2O Innovation Secures Large Orders and Breaks into Israeli Market
08 Juin 2023 - 2:00PM
Business Wire
(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that it has recently received
two large coupling orders and that it is experiencing a
breakthrough in the Israeli desalination market. These new
milestones demonstrate continued momentum with the Corporation’s
growth over the last year and support its efforts towards providing
its clients with sustainable solutions for pretreatment in
desalination and reuse.
Piedmont, one of H2O Innovation’s subsidiaries, has recently
received two significant couplings purchase orders for two 600,000
m3/day seawater reverse osmosis (SWRO) desalination plants. The
first plant is located in Saudi Arabia, whereas the second is in
the United Arab Emirates. Each order is comprised of approximately
25,000 couplings and endcaps manufactured from super duplex,
duplex, and stainless steel 316L materials.
The Corporation has also achieved a significant breakthrough in
the Israeli desalination market through the sale of its
super-concentrated and dendrimer-based membrane antiscalant
synthesized by Genesys-PWT. Furthermore, the team presented a
compelling case study during the recent European Desalination
Society (EDS) conference, showcasing the successful implementation
of the antiscalant at a desalination plant in Israel. In the past
fiscal year, nine new mega SWRO desalination plants started using
this green chemistry product in countries like Israel, Singapore,
Algeria, Qatar, and Argentina, representing 2,216,500 m3/day of
seawater treated. With these new plants, a total of 3,307,500
m3/day are treated in large-scale SWRO plants using this
technology, which represents a CO2 emissions savings of 183
tons/year. Because this antiscalant is phosphate free and 11x more
concentrated than conventional products, it has the lowest carbon
footprint in the industry and lowest cost of freight and handling.
This provides both ESG and economic benefits to the end
customers.
These milestones are in keeping with H2O Innovation’s high
double digit organic growth across its Piedmont, Genesys, and PWT
brands over the past twelve months. The unification of these three
brands in July 2022 aimed to leverage the synergies within its
specialty chemicals, consumables, and components business line and
to provide clients with sustainable solutions for pretreatment in
desalination and reuse. “Such results give us confidence in our
ability to leverage the strengths of our brands and to keep
delivering innovative solutions. We have a global distribution
network of over 100 distributors, several of whom now promote and
sell the products from our three brands, which helps them not only
to increase their business income, but also to better meet the
evolving needs of our clients,” stated Frédéric Dugré,
President, Chief Executive Officer and Co-Founder of H2O
Innovation.
As highlighted during the last United Nations Water Conference
in New York, the desalination and water reuse market should
experience new growth levels with the implementation of the
Sustainable Development Goals (SDG) for 2030. In addition, the
growing awareness of climate change and the need to reduce
greenhouse gas emissions are driving demand for sustainable
products and services.
“We know that this is only the beginning of a great journey
towards sustainability in our projects. Achieving the Sustainable
Development Goals by 2030 is an ambitious objective that requires
everyone’s collective effort. We all have a role to play in
achieving the SDG, and we are confident about the significant
contribution we could make through this business line,” added
Frédéric Dugré.
Prospective Disclosures
Certain 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
“aimed”, “continue”, “could”, “goal”, “maintain”, “objective”,
“should”, “synergies” or “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 of purchase orders in a timely manner and
without additional costs, considering the challenges resulting from
the labor shortage and the inflation rate on goods 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230608005217/en/
Marc Blanchet +1 418-688-0170
marc.blanchet@h2oinnovation.com
H2O Innovation (EU:ALHEO)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
H2O Innovation (EU:ALHEO)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024