Alternext: MNEMO: ALHEO
All amounts in Canadian dollars unless otherwise stated.
QUEBEC CITY, July 8, 2014 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") announces today that it was recently
awarded $12 million in new contracts, mainly in mining and municipal
sectors. These new contracts bring the Company's order backlog for
water treatment projects to $40.5 million as of July 1, 2014, excluding
backlog from its Specialty Products and Services division (PWT,
Piedmont and H2O Innovation Maple). The entire order backlog will be executed over the
next twenty-four (24) months.
Amongst these contracts, one of them consists in the design, fabrication
and commissioning of a complete water treatment plant on a mining site
located in British Columbia, Canada. This water treatment plant
dedicated to the treatment of mine tailings water comprises
ultrafiltration (UF) and reverse osmosis (RO) systems. This water
treatment plant will have a total capacity of permeate flow of 2.16 MGD
(8,165 m3/day). As part of the UF pre-treatment system, H2O Innovation will supply its FiberflexTM skid, which provides membranes interchangeability and accommodates
several types of modules.
As part of another mining project, which is located in the province of
Quebec, Canada, H2O Innovation will supply a containerized potable water treatment system
for a workers camp. This unit will produce 0.12 MGD (480 m3/day) of drinking water.
A third contract with a Vancouver-based mining company consists in the
design, fabrication and commissioning of a RO system to treat water
from a tailings pond in order to remove arsenic and antimony and
produce water meeting the environmental discharge criteria. Prior to
final design and fabrication of the full scale system, bench scale and
pilot testing will be performed to validate the recovery rate of the
system. It is expected that the full scale RO system capacity will be
3.456 MGD (13,082 m3/day). This RO system will be installed on a mining site located in
the United States.
H2O Innovation has also secured contracts with different municipalities
throughout the United States, such as Dunes Community Development
District (Palm Coast, FL) and Clifton Water District (Clifton, CO).
The most significant contract in the municipal sector is a 12 MGD
(45,425 m3/day) UF system, using Company's FiberflexTM skid, to treat clarified raw water supplied from the Colorado River or
Grand Valley Canal Water for the Clifton Water District in Colorado.
For this project, H2O Innovation will be responsible for the design, fabrication and
commissioning of the 12 MGD UF system.
Furthermore, H2O Innovation will design, manufacture and commission a RO water
treatment system, having a total capacity of 0.72 MGD (2,725 m3/day) to treat brackish water for the Dunes Community Development
District in Palm Coast, Florida. The Company will also supply, to a
municipality located in California, a containerized advanced water
treatment system with operator control room and laboratory, chemical
dosing and UF, primary RO and concentrate recovery RO systems.
Lastly, H2O Innovation has been selected to provide a 1.0 MGD (3,785 m3/day) UF system to treat industrial and municipal effluent at the San
Francisco Airport's Mel Leong tertiary treatment plant.
"We are delighted to have secured these new contracts at the beginning
of our new fiscal year. In the Company's history, we have never reached
this level of order backlog. This strong order backlog gives H2O Innovation an excellent visibility on the coming fiscal year in terms
of predictability of revenues and thus, allows us to anticipate a
decrease of volatility of these revenues", 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.