MONTREAL, Dec. 9, 2015 /CNW Telbec/ - Ovivo Inc. ("Ovivo") has been awarded two large contracts for a combined value of over $14 million Canadian in the Asian Electronics market.
The first contract is to design and supply ultrapure water ("UPW") system equipment, including the extension of the current UPW and distribution loop capacity of a plant, as well as adding reclaim water process and equipment technology. The delivery of the system is scheduled for the end of 2016.
The second contract is to provide UPW equipment and services for capacity expansion, including high purity polishing system. The delivery of this project is scheduled for April 2016.
"We are pleased to be selected by two leading semiconductor manufacturers to execute these large contracts in Asia, a region where we see growing demand for water and wastewater solutions, and where we can leverage our local expertise and our integrated global platform", said Marc Barbeau, President and Chief Executive Officer.
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 2844238; Pierre-Marc Sarrazin, Director, Corporate Finance and Treasury, Tel.: 514 284-7208, [email protected]