Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise stated.
QUEBEC CITY, May 21, 2014 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") announces today that it was recently
awarded $8.8 million in new contracts. These new contracts bring the
Company's order backlog for water treatment projects to $31.6 million
as of May 20, 2014, excluding backlog from its Specialty Products and
Services division (PWT, Piedmont and H2O Innovation Maple).
Amongst the contracts announced today, the most significant is a 30 MGD
(113,562 m3/day) hollow fiber ultrafiltration (UF) membrane system to
replace the existing conventional Montevina Water Treatment Plant (WTP)
owned and operated by the San Jose Water Company. The Montevina WTP
will treat rainfall collected in the Santa Cruz Mountains watershed and
provide potable water to the Town of Los Gatos and surrounding West
Valley communities. For this design-build project, H2O Innovation will team up with HDR Constructors, Inc. and will be
responsible for the design, fabrication, installation and commissioning
of the new 30 MGD UF system. H2O Innovation was selected amongst 3 other bidders as the proposed system
had the most attractive net present value for the end-user when
considering both the initial capital cost and the long term operating
cost. The UF system will incorporate 840 of Inge's dizzer® modules,
with robust Multibore® fibers, using their T-Rack® 3.0 configuration.
Prior to final design and fabrication of the full scale system, a proof
pilot will be performed to validate the power consumption, chemical
consumption and membrane performance. ''This system will be our largest
UF reference and shows one more time that our strategy to be able to
offer different UF modules is appreciated and valued by our customers
and is increasingly popular in the industry'' stated David Faber, Director, Systems Sales - USA of H2O Innovation.
The second most significant contract announced today will be executed in
close collaboration with the Canadian engineering firm Groupe SM
International (SMi). SMi, well-established in North Africa, has teamed
up with H2O Innovation to supply one of their institutional customers in Maghreb
with fifteen (15) mobile water treatment units. Equipped with media
filtration, reverse osmosis, UV and chlorination, the robust trailers
will be able to purify water from different sources of water. Each
unit will treat approximately 40 m3/day (10,500 GPD) of water.
Finally, the Company will supply membrane filtration equipment for two
potable water treatment plants and one wastewater treatment plant for
clients located in Manitoba and Quebec.
"As the Company's backlog for water treatment projects is growing
steadily, the average project value is also increasing. This trend is
clearly showing that our decision to expand the water treatment project
sales team in North America has a positive impact for the Company's
growth. This backlog coupled with the on-going sales in the Specialty
Products and Services division gives the Company the ability to have a
more efficient, more productive and, we believe, more profitable
business operation", said Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.
Certain statements set forth in this press release regarding the
operations and the activities of H2O Innovation 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 Company to be materially
different than the said forward-looking statements. Information about
the risk factors to which the Company is exposed is provided in the
Annual Information Form dated September 24, 2013 available on SEDAR (www.sedar.com).
About H2O Innovation
H2O Innovation designs and provides state-of-the-art, custom-built, and
integrated water treatment solutions based on membrane filtration
technology to municipal, energy & natural resources end-users. Also,
directly and through its affiliates, H2O Innovation provides services and products complementary to its
membrane filtration and reverse osmosis systems. These products consist
of a complete line of specialty chemicals and consumables and a
complete line of couplings. For more, 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 Alternext Exchange accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: H2O Innovation Inc.
For further information:
H2O Innovation Inc.