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H2O Innovation Inc (2)
Symbol HEO
Shares Issued 20,926,551
Close 2015-11-23 C$ 1.16
Market Cap C$ 24,274,799
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H2O Innovation lines up three new distributors

2015-11-24 08:13 ET - News Release

Mr. Gregory Madden reports

H2O INNOVATION: PIEDMONT AND PWT ANNOUNCE NEW DISTRIBUTORS ON 3 CONTINENTS

H2O Innovation Inc. has had an important development in its specialty products and services business line. Piedmont Pacific Corp. and PWT recently confirmed distribution agreements with three new business partners located in Argentina, Italy and Egypt.

Since its acquisition in 2013, Piedmont is going through remarkable growth on the international market. This growth is being solidified by the addition of two new distributors, Aquarep and SG Projects. Aquarep, an Argentine company created in 2009, is a supplier of water-treatment-system components. Aquarep will add Piedmont flexible couplings as well as PWT specialty chemicals to its current product lines. As a new Italian company created in 2015, SG Projects is specialized in the water industry, the oil and gas industry, and the energy sector. SG Projects sells valves, piping solutions, expansion joints, electric panels and SCADA systems, and will now distribute Piedmont's flexible couplings.

For its part, PWT concluded a distribution agreement with Midwater, an engineering procurement and construction company, in business since 2008, providing comprehensive solutions for water, waste water and environmental technologies.

These new distributors will help H2O Innovation increase its recurring revenues coming from the specialty products and services business line. These new commercial relations have already started to bear fruit. Midwater has initiated a container load of specialty chemicals through PWT. "The addition of these three new distributors further strengthens our international presence and supports our strategy for growth of the H2O Innovation specialty products and services business. We choose to grow with distribution partners who have complementary industry knowledge, market access and technical capabilities and we believe that all three of these partnerships fit fantastically within that framework," said Gregory Madden, vice-president, specialty products and services, with responsibility for the Piedmont and PWT business units.

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