H2O Innovation Leads in Smart MF-Membrane Replacement, Reducing Operating Costs and Increasing Efficiency
29 Novembre 2021 - 2:00PM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that it has recently
completed a plant retrofit for an ethanol client located in Iowa,
United States. This project, one of the first of its kind in North
America, demonstrates the Corporation’s technical expertise and
market access required to provide a direct replacement solution.
Experience gained from this project should well-position H2O
Innovation to support future market demand.
H2O Innovation was awarded the contract for
membrane replacement of the client’s existing microfiltration
(“MF”) system, originally designed to treat 350 gpm (1,900 m3/day)
of process water. The modules were approaching end of life based on
reduced water flow and filtrate quality. The facility also needed
to expand capacity without significant capital investment. The
Corporation’s solution, working closely with Toray Membrane USA,
Inc. (“Toray” or the “Supplier”), was to design the replacement
around a new module that offers more surface area in the same
footprint. H2O Innovation’s engineering and field services
capabilities and open-source strategy qualify the Corporation for
this type of replacement. The Corporation estimates around 840 M
gpm (3.8 M m3/day) installed capacity of this type in North America
will likely require replacement and upgrade in the next 5 to 10
years.
“H2O Innovation’s Services team provided great
support in one of the first retrofits with Toray’s new pressurized
hollow-fiber ultrafiltration modules. H2O Innovation provided
elegant engineering solutions to incorporating our higher area
module as a direct replacement. By doing so, the customer gains a
system with 20% more membrane area than before”, stated
Sean Carter, Product Manager of Toray.
As part of its 3-Year Strategic Plan, the
Corporation’s Water Technologies & Services (“WTS”) business
line grew its Services revenues by hiring additional Customer Care
and Field Service staff. The Services team is focused on delivering
products and services that help customers optimize the operation of
their water, wastewater and water reuse systems.
“The flexibility of our engineered replacement
approach provided a solution for a customer who was tied to
proprietary MF modules. We were able to reduce the cost of the
membrane change-out and increase capacity of the system, all while
eliminating the need for capital expenditure. The long-term
relationships we build with our customers by working to disrupt the
status quo and drive value lead to loyalty that allows an increase
of our recurring revenues”, added Gregory Madden, Chief
Strategy Officer of H2O
Innovation.
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
to grow the recurrent revenue of its WTS business line while
developing and maintaining long-term relationship with its
customers. 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 InnovationInnovation
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
H2O Innovation (EU:ALHEO)
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