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Enter Symbol
or Name
USA
CA



H2O Innovation Inc (2)
Symbol HEO
Shares Issued 40,144,214
Close 2018-04-04 C$ 1.12
Market Cap C$ 44,961,520
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H2O Innovation renews, extends O&M deals for $8.3M

2018-04-05 08:45 ET - News Release

Mr. Marc Blanchet reports

H2O INNOVATION: UTILITY PARTNERS RENEWS & EXTENDS THREE OPERATION AND MAINTENANCE CONTRACTS, TOTALLING $8.3 M

Utility Partners LLC, H2O Innovation Inc.'s business line providing operation and maintenance services (O&M) in the United States, recently renewed and extended three operation and maintenance contracts, totalling $8.3-million, bringing the corporation's O&M business backlog to $68.1-million on March 31, 2018, excluding the projects sales backlog.

Utility Partners renewed two municipal O&M contracts in the northeast region of the United States and extended the duration of one existing project in California. These three projects have been renewed for additional period of one to five years.

"These renewals signify the outstanding collaborative efforts between Utility Partners and client staff members. The results of these solid relationships are well-run facilities, exceeding compliance mandates, as well as efficiencies in operation and maintenance, ensuring cost-effectiveness for rate payers," stated Bill Douglass, vice-president of the operation and maintenance business line 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 waste water 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.

About Utility Partners

Utility Partners operates, maintains, and repairs water and waste water treatment plants, distribution equipment and other water utilities for all of its municipal customers. It currently employs 360 employees for the operation of 36 utilities in eight U.S. states, mainly on the U.S. Gulf coast, Southeast, Northeast (New England) and the West Coast.

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