QUEBEC CITY, July 12, 2010 /CNW Telbec/ - H2O Innovation Inc. (TSX VENTURE:HEO) (ALTERNEXT:MNEMO:ALHEO) ("H2O Innovation" or the "Company), a complete water treatment solutions
company providing custom designed systems along with specialty
chemicals for membrane filtration systems, announces that Ms. Lisa
Henthorne, PE, Chief Technology Officer of Water Standard and immediate
past president of the International Desalination Association, has been
appointed to the Company's Board of Directors. Ms. Henthorne's
appointment increases the size of H2O Innovation's Board of Directors to seven directors and the number of
independent directors to six.
"We are very pleased to see Lisa join our Board of Directors. I am
excited about the extensive knowledge and track record of success that
she brings to our Board", said Philippe Gervais, Chairman of the Board
of H2O Innovation Inc. "Her unique experience in the field of membranes and
desalination will help us develop strategies that will deliver
increased value, particularly for our international activities. She
will bring complementary expertise to our Board and will no doubt be a
valuable asset for H2O Innovation".
"It is a pleasure to join the Board of Directors of H2O Innovation, an exciting and dynamic company. I look forward to
focusing on the Company's growth, at a time where it is evolving from a
North American leader to a more global player in the water treatment
industry", said Lisa Henthorne, PE.
Lisa Henthorne holds a MS in Chemical Engineering from the Colorado
School of Mines and a BS in Chemistry from the Missouri State
University. Ms. Henthorne has over 25 years of extensive experience in
the field of membranes and desalination in seawater, brackish water and
wastewater reclamation applications. She served as a Vice President of
CH2M HILL, a $6 billion global engineering and construction business,
and was their Global Director of Desalination from 2004 to 2008. Over
the course of her career, she has leaded and served as technical
advisor on some of the world's largest desalination projects. She has
also worked for the U.S. Bureau of Reclamation, the U.S. State
Department and Aqua Resources International, a consulting firm
specializing in desalination technology. She is Chief Technology
Officer at Water Standard, where she is responsible for directing and
developing the technology and design aspects of vessel-based
desalination solutions. Ms. Henthorne was elected as the President of
the International Desalination Association for the term 2007-2009,
after having served on its Board since 1997.
Pursuant to the terms and conditions of the Company's stock option plan,
H2O Innovation has granted 20,000 stock options to Ms. Henthorne. Each
stock option entitles its holder the right to acquire one common share
of the Company at a price of $0.75 before July 12, 2020.
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 yet determined. Forward-looking statements include the use of the
words "expect", "believe", "estimate" and other similar terms 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 28, 2009 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
With 10 years of experience developing water treatment solutions, H2O Innovation is establishing itself as a key player in sustainable
development and clean technologies in North America and abroad. H2O Innovation designs, develops, and integrates custom-built water
treatment systems for the production of drinking water, the reclamation
of water, the treatment of wastewater and industrial process water in
the municipal, commercial, industrial, oil & gas, mining, and energy
markets. Additionally, the Company offers complete operating and
maintenance solutions for membrane filtration and reverse osmosis
systems. H2O Innovation has approximately 90 employees and eight offices including
three manufacturing plants in Canada and the United States and is a
founding partner of H2O Innovation India, a joint venture with Chembond Chemicals Ltd. of
Mumbai, India. Shares of H2O Innovation are listed on the TSX Venture Exchange (HEO) as well as on
the NYSE Euronext Alternext Exchange (MNEMO: ALHEO). For more
information about H2O Innovation, 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.