H2O Innovation Wins a Water Reuse Project and Two First Nations Projects
05 Octobre 2021 - 2:00PM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that it has recently won a
water reuse project in California, two First Nations projects in
Canada and another small-scale one. These contracts, with a total
value of $9.9 M, bring the Water Technologies & Services
(“WTS”) backlog to $41.2 M.
H2O Innovation will be supplying a water reuse
system for a major client located in Escondido, California. This
project will incorporate ultrafiltration (“UF”) system followed by
reverse osmosis (“RO”). The UF will be designed to have a net
filtrate production capacity of 2.5 MGD (9,460 m3/day), while the
RO has a permeate capacity of 2.0 MGD (7,570 m3/day). The system
will treat tertiary effluent from the existing recycled water
system to produce high purity recycled water that will be blended
with the existing recycled water supply and used for agricultural
irrigation.
“Our growing experience in the application of
membrane technology to safely reuse treated water fits with our
ongoing focus on this market as part of our 3-Year Strategic Plan.
California and much of the Western US have experienced in recent
years one of the most severe droughts on record. Water reuse is
critical to the development of a diverse and resilient water
supply. With the recent US Infrastructure and Jobs Act set to
invest $1 billion in water recycling programs over the next five
years, we consider being well positioned to be a part of the future
of water reuse in North America”, stated Gregory Madden,
Chief Strategy Officer of H2O
Innovation.
The Corporation was also awarded the design and
supply of a membrane bioreactor (“MBR”) system with an average day
flow of 50,000 gpd (189 m3/day) for the Dene Tha’ First Nation in
Northern Alberta (Canada). In addition to the supply of equipment,
H2O Innovation will provide extensive training for the operations
team at the customer’s site and an extended service contract to
support the team for five years after the plant goes online.
“We believe in the importance of addressing the
water issues of our First Nations communities. H2O Innovation is
proud to have completed more than ten water and wastewater plants
for First Nations communities that are still in service today. Our
business model promoting customer care and strong customer
retention through premium services, like remote monitoring and
training, is a key driver for the success of our First Nations
projects”, added Frederic Dugré, President and Chief
Executive Officer of H2O
Innovation.
The third project involves the design and supply
of a 457,000 gpd (1,730 m3/day) membrane system treating
surface water for a First Nation community located on the north
shore of Gouin Reservoir in Quebec (Canada). The scope of supply
incudes pretreatment through multimedia filtration (“MMF”),
followed by nanofiltration (“NF”) trains, and ultraviolet (“UV”)
radiation for disinfection. The treatment process will provide
exceptional drinking water quality by removing all suspended matter
and most dissolved organics. The Corporation will also provide a
service contract for plant operation including remote monitoring
with data acquisition and system analysis to ensure reliable
operation and optimal treatment performance.
The Corporation continues to work in partnership
with First Nations communities to improve on-reserve water and
wastewater infrastructure and expand access to clean drinking
water. Reliable infrastructure is a key priority for Indigenous
Services Canada. As of March 31, 2021, $2.05 billion of
targeted funds has been invested to support water and
wastewater-related infrastructure projects (Source: Government of
Canada). There is still work to do for the remaining 53 long-term
drinking water advisories in effect in 34 First Nations
communities, and the Corporation has the expertise to help solve
these issues.
Prospective disclosuresCertain
statements set forth in this press release regarding the operations
and the activities of H2O Innovation as well as other
communications by the Corporation to the public that describe more
generally management objectives, projections, estimates,
expectations or forecasts 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 Corporation to be materially different than the
said forward-looking statements., such as the Corporation’s ability
(i) to execute, complete or deliver these projects, in a timely
manner and without additional costs, mostly due to the challenges
resulting from the global supply chain and the Covid-19 pandemic,
and (ii) to capture new opportunities and projects despite the
significant investments that are expected from governments and
other local authorities in water recycling programs and water and
wastewater-related infrastructure projects. Information about the
risk factors to which the Corporation is exposed is provided in the
Annual Information Form dated September 27, 2021 available on SEDAR
(www.sedar.com).
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.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the NYSE Euronext Growth Paris accepts
responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation Inc.
www.h2oinnovation.com Contact: Marc
Blanchet+1 418-688-0170
marc.blanchet@h2oinnovation.com
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