Four New Projects Add $13.6 M to H2O Innovation’s WTS Backlog
06 Septembre 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 pleased to announce that its Water Technologies
& Services (WTS) business line was recently awarded four new
contracts, including two industrial and two municipal projects.
These new contracts, driven by the increasing demand for water
treatment systems and the uniqueness of H2O Innovation’s
FiberFlexTM technology, amount to $13.6 M and increase the
Corporation’s WTS backlog to $76.7 M, its highest value to
date.
All four projects employ reverse osmosis (RO) with pretreatment
using H2O Innovation’s FiberFlexTM ultrafiltration (UF) technology,
which provides clients with the flexibility to select the UF
membrane type that is best suited for their water treatment needs
and the option to replace it later with a different type of
membrane. The core of the FiberFlexTM technology is a versatile
skid design that accommodates a wide range of module types.
The Corporation developed this adaptable and practical approach
in order to offer more options to their clients, and this design
benefits both plant owners and engineers. Owners should experience
an enhanced operational flexibility, as the technology enables them
to disassociate mechanical systems and membranes, to take advantage
of product development from different manufacturers, and to
facilitate membrane replacement. Similarly, engineers should
benefit from more streamlined design and engineering processes, as
the technology allows for multiple configuration options and
minimal engineering.
“We are proud to see our clients benefit from this innovative
solution, which we developed knowing how specific requirements tend
to evolve over time. The fact that our clients are entrusting us
with these projects reflects their need for more flexible and
adaptable systems. The FiberFlexTM technology holds commercial
value, as the procurement of replacement membranes in the future
becomes a competitive process. The award of these four projects
demonstrates this reality quite well,” stated Frédéric Dugré,
President, Chief Executive Officer and co-Founder of H2O
Innovation.
The Corporation’s ability to manufacture systems on both sides
of the border will allow them to serve more clients in a timely and
effective manner. This is exemplified by the fact that the
Corporation’s two new industrial projects are for clients located
in Kentucky (USA), and in Bécancour, Quebec (Canada). The first
industrial project centers on water reuse and involves the
treatment of industrial wastewater using UF and double-pass RO
processes for reuse as deionized water for a confidential client.
Under the second industrial contract, which H2O Innovation has
secured with a manufacturer of components for lithium batteries,
the Corporation will provide a system that will be used to treat
water from the St. Lawrence River to supply ultrapure water for
industrial processes. This comprehensive treatment system includes
UF for pretreatment, followed by a double-pass RO system and
electrodeionization (EDI) to obtain high-quality water. This
project also highlights the importance of having strategically
located installations, as the proximity of H2O Innovation’s
Ham-Nord facility to the client was a contributing differentiator
that helped the Corporation secure this contract.
H2O Innovation has also been awarded two municipal projects,
both of which are dedicated to the treatment of river water to
ensure safe drinking water for the Fox Lake and Garden River
communities within the Little Red River Cree Nation in Northern
Alberta. The Fox Lake and Garden River systems are engineered to
handle capacities of 1.2 MGD (4,500 m3/day) and 0.6 MGD (2,200
m3/day) respectively. These treatment systems employ high-pressure
membranes to effectively separate total organic carbon, thereby
ensuring the removal of disinfection byproduct precursors from the
water sources.
“Providing safe drinking water to our First Nations communities
has always been a top priority for us. Our business model promotes
customer care, and the whole H2O Innovation team truly cares about
supplying reliable water treatment systems to ensure that these
communities have constant access to drinking water,” 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
“anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”,
“if”, “intend”, “may”, “plan”, “potential”, “predict”, “project”,
“should” 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 and delivery
of its projects in a timely manner and without additional costs,
considering the challenges resulting from the labor shortage and
the inflation rate on goods and services 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.
Source: H2O Innovation Inc. www.h2oinnovation.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230906992265/en/
Marc Blanchet +1 418-688-0170
marc.blanchet@h2oinnovation.com
H2O Innovation (EU:ALHEO)
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