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H2O Innovation Inc (2)
Symbol HEO
Shares Issued 40,144,214
Close 2017-02-10 C$ 1.83
Market Cap C$ 73,463,912
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H2O Innovation's Utility renews three U.S. contracts

2017-02-13 09:07 ET - News Release

Mr. Bill Douglass reports

H2O INNOVATION: UTILITY PARTNERS RENEWED THREE CONTRACTS WHICH BRING THE OPERATION AND MAINTENANCE BACKLOG TO $58.2 M

Utility Partners, H2O Innovation Inc.'s operation and maintenance (O&M) subsidiary, has recently renewed three municipal contracts in the United States which bring the corporation's O&M backlog to $58.2-million, included in the $111.3-million consolidated backlog (combining O&M and projects contracts).

The renewed contracts with Utility Partners are located in the states of New Hampshire, Vermont and Georgia. The first contract was renewed for an additional five-year period, the second one was signed for another three years and the last contract was renewed for one year.

"The renewed confidence of these three customers testifies the exceptional customer service maintained during the acquisition and integration of Utility Partners by H2O Innovation. We always strive to offer an outstanding service to all our customers, thus exceeding their expectations. The combination of the two companies make us stronger and better equipped: we now propose a more complete offer to our customers (water treatment systems, specialty chemicals, operation and maintenance services), we have an increased expertise in water treatment and we also offer procurement support (consumables products)," stated Bill Douglass, vice-president of the operation and maintenance division of H2O Innovation and managing director of Utility Partners.

About H2O Innovation Inc.

H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology for municipal, industrial, energy and natural resources end-users. The corporation's activities rely on three pillars which are i) water and wastewater projects; ii) specialty products and services, including a complete line of specialty chemicals, consumables, specialized products for the water treatment industry as well as control and monitoring systems; and iii) operation and maintenance services for water and waste water treatment systems.

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