Alternext: MNEMO: ALHEO
QUEBEC CITY, May 28, 2013 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") announces today that it is now a partner
in the Rockwell Automation OEM Program, part of the Rockwell Automation
PartnerNetwork and that it has terminated the joint venture with its
partner in India.
Rockwell Automation OEM Program
The Rockwell Automation PartnerNetwork is an elite group of about 80
companies worldwide that have demonstrated exceptional design, delivery
and innovation. H2O Innovation earned the right to partner with such world class
organization by demonstrating its ability and strong knowledge to
integrate Rockwell Automation knowledge base in control and automation
for its custom-built water treatment systems. H2O Innovation is currently the sole partner of the Rockwell Automation
PartnerNetwork dedicated to the development of integrated water
The Rockwell Automation PartnerNetwork framework offers global
manufacturers access to a collaborative network of companies mutually
focused on developing, implementing and supporting best-in-breed
solutions to achieve plant wide optimization, improve machine
performance, and meet sustainability objectives.
With the Rockwell Automation OEM Program, H2O Innovation will benefit from the latest innovation and technology
advancements and will be able to offer its clients competitive pricing.
"Rockwell Automation is a recognized world leader in automation and
power equipment. With this agreement, we will strengthen our existing
strong partnership with Rockwell Automation, into something more
powerful for the benefit of our customers. H2O Innovation's customers present and future, will be offered a wider
scope of products and expertise for automation and control equipment
for their entire system including water intake, pre-treatment,
distribution and storage management. Our global offer will be enhanced
by this partnership to the benefit of municipal, industrial and
commercial end-users. H2O Innovation is very proud to be part of this select partnership" stated
Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.
Termination of the Joint Venture in India
H2O Innovation has decided to terminate its participation in the joint
venture in India, created three (3) years ago under the name H2O Innovation India Limited and announced on February 1, 2010. This
decision has been taken since the sales objectives initially
established have not been met. H2O Innovation India Limited required a lot of attention and resources and
the impact on the revenues and earnings of the Company were very
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 25, 2012 available on SEDAR (www.sedar.com).
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), the world's largest company
dedicated to industrial automation and information, makes its customers
more productive and the world more sustainable. Headquartered in
Milwaukee, WI, Rockwell Automation employs over 22,000 people serving
customers in more than 80 countries. For more information on the
Rockwell Automation PartnerNetwork framework, visit: www.rockwellautomation.com/partners.
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.