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H2O Innovation Inc (2)
Symbol HEO
Shares Issued 40,144,214
Close 2017-06-12 C$ 1.44
Market Cap C$ 57,807,668
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H2O Innovation wins $3.9M of U.S. waste water contracts

2017-06-13 08:45 ET - News Release

Mr. Frederic Dugre reports

H2O INNOVATION AWARDED $3.9 M OF NEW WASTEWATER CONTRACTS IN THE UNITED STATES

H2O Innovation Inc. has been awarded two new waste water projects in the United States. These new contracts bring the corporation's project sales backlog to $58.9-million.

The corporation's first contract consists of a waste water treatment system using the Bio-Wheel proprietary technology, an integrated fixed-film activated sludge (IFAS) process. The system will treat an average flow of 3.2 million gallons per day (12,000 cubic metres/day) of a city's waste water in California. This is the largest treatment project using the Bio-Wheel technology that has been awarded to the corporation to date.

The second project awarded to H2O Innovation consists of a retrofit of a conventional waste water treatment system to a two-train membrane bioreactor (MBR) system. The corporation will upgrade the system's capacity while maintaining the same footprint and increasing the effluent's quality. Located in New Jersey, the system will treat 80,000 gallons per day (302.8 cubic m/day) of waste water.

"Fiscal year 2017 symbolizes, for H2O Innovation, the year where we have been awarded the most waste water treatment projects. More than 15 per cent of the backlog represents waste water projects, compared to 1 per cent in 2016 and 2 per cent in 2015. This is a significant milestone in our strategic diversification of the project group. It's opening a world of opportunities that we didn't tap into in previous years," stated Frederic Dugre, chief executive officer and president of H2O Innovation.

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.

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