MONTREAL, Oct. 15, 2015 /CNW Telbec/ - Ovivo Inc. ("Ovivo") has been awarded two major contracts in the U.S. municipal market, for a combined value of approximately $13 million Canadian.
The first contract is for the supply of seven 160 foot diameter clarifiers in duplex stainless steel to Miami-Dade County, Florida. Due to extremely high chloride concentrations in the wastewater, a special corrosion resistant material was required for this pure oxygen application. Through its heritage brand Eimco Water Technologies, Ovivo created value for the County by utilizing its Collection Manifold Device (CMDTM), which allowed installation of the new clarifiers without structural changes to the existing tanks, thus reducing project cost and shortening installation time. The equipment is scheduled to be progressively delivered between March and September 2016.
The second contract is for the new Snapfinger wastewater treatment plant, located in DeKalb County, Georgia, for which Ovivo will supply equipment and control systems related to the Carrousel® process. The Snapfinger facility will be the largest plant of its kind in the world, serving about a half million residents and discharging water meeting strict discharge criteria. The equipment is scheduled to be progressively delivered between 2017 and 2019. Ovivo has provided the highly reliable Carrousel® process for almost 40 years and has always kept the technology relevant through employee-led innovation during that time.
"We are delighted to have been selected by renowned U.S. utilities for these large infrastructure projects," said Marc Barbeau, President and Chief Executive Officer. "We are very well positioned in the Municipal North America segment, an expanding market where we can leverage our expertise, our proprietary technologies and our extensive commercial platform," added Mr. Barbeau.
Ovivo Inc. is a global company dedicated to water and wastewater treatment. It offers comprehensive technological solutions, as well as services and equipment tailored to specific client needs. Ovivo operates in over 15 countries with more than 800 employees. Ovivo is a public company whose shares trade on the Toronto Stock Exchange under the ticker symbols OVI.A and OVI.B. www.ovivowater.com
Notice regarding forward-looking statements
Certain statements in this press release and other public communications regarding management's objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements are recognized by the use of terms such as "forecast," "project," "could," "plan," "aim," "estimate" and other similar terms, possibly used in the future or conditional, particularly with regard to certain assumptions. The management of Ovivo would like to point out that forward looking statements involve a number of uncertainties and known and unknown risks such that the actual and future results of Ovivo could differ considerably from those stated. There can be no assurance as to the materialization of the results, performance or achievements as expressed in or underlying the forward-looking statements. The forward-looking statements included in this press release were made as of the date hereof, and unless required to do so pursuant to applicable securities legislation, management of Ovivo assumes no obligation to update them.
Information about the risk factors to which Ovivo Inc. is exposed is provided under sections entitled "Risks and Uncertainties" in the management's discussion and analysis for the fiscal year ended March 31, 2015, available on SEDAR (www.sedar.com) and Ovivo's website (www.ovivowater.com).
SOURCE Ovivo Inc.
For further information: Marc Barbeau, President and Chief Executive Officer, Tel: + 1 514 284-4238; Pierre-Marc Sarrazin, Director, Corporate Finance and Treasury, Tel.: 514 284-7208, firstname.lastname@example.org