Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise stated.
QUEBEC CITY, March 21, 2013 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") announces today that it was recently
awarded $3.7 million in new contracts. These new contracts bring H2O Innovation's order backlog for water treatment projects to $18.6
million as of March 20, 2013.
Two of the contracts announced today will see H2O Innovation design, assemble, deliver and commission nanofiltration
drinking water production systems from surface water for the two
Canadian municipalities of Waterville and Eastman, QC. A real estate
developer and constructor active in the State of New York has also
awarded a contract to H2O Innovation for the design, assembly, delivery and installation of a
wastewater treatment system featuring the Company's patented Bio-Wheel™
As part of the other contracts, H2O Innovation will provide custom-built water treatment systems to
industrial and commercial end-users, including a drinking water
production unit for a workers' camp to an oil & gas customer located in
Alberta, Western Canada. "This new contract for a modular plant in the
oil & gas industry shows that we can now consider this kind of projects
as a growing and steady line of revenues", commented Frédéric Dugré, President and Chief Executive Officer of H2O Innovation. Indeed H2O Innovation is also proud to announce the final delivery to an oil &
gas customer of a previously announced $9.4 million contract. The
finished water treatment package will be delivering 3,000 m3/d of potable water to a workers' camp located north of Fort McMurray,
Alberta (see video on www.h2oinnovation.com). Two more modular plants were delivered last summer to another
industry-leading oil & gas customer.
Finally, H2O Innovation is pleased to announce a strategic hiring within its North
American systems sales force. As Director of Systems Sales USA, David
Faber has already taken the lead of the U.S. systems sales, closely
working with the Company's existing team of sales experts, notably
Harbans Kohli, Vice-President Systems Sales, who will now focus on
major projects on the U.S. territory.
Certain statements set forth in this press release regarding the
operations and the activities of H2O Innovation as well as other communications by the Company 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 and the estimate of amounts that cannot yet
be determined. Forward-looking statements include the use of words such
as "anticipate", "if", "believe", "continue", "could", "estimate",
"expect", "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, notably regarding
certain assumptions as to the success of a venture. Those
forward-looking statements involve a number of risks and uncertainties,
which may result in actual and future results of the Company to be
materially different than those indicated. Information about the risk
factors to which the Company is exposed is provided in the Annual
Information Form dated September 25, 2012 available on SEDAR (www.sedar.com). Unless required to do so pursuant to applicable securities
legislation, H2O Innovation assumes no obligation to update or revise forward-looking
statements contained in this press release or in other communications
as a result of new information, future events and other changes.
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. H2O Innovation also provides a complete line of specialty chemicals and
consumables for membrane filtration and reverse osmosis systems. 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.