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Blumetric Environmental Inc
Symbol BLM
Shares Issued 54,589,050
Close 2026-03-24 C$ 1.00
Market Cap C$ 54,589,050
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Blumetric Environmental wins $7.5-million SROD contract

2026-03-24 16:20 ET - News Release

Mr. Scott MacFabe reports

BLUMETRIC ANNOUNCES $7.5 MILLION MISSION READY WATER CONTRACT FOR SHIPBOARD MILITARY APPLICATION

Blumetric Environmental Inc. has won a $7.5 million contract to supply multiple shipboard reverse osmosis desalination (SROD) plants to a leading Canadian shipbuilder. The contract builds on the company's proven record for manufacturing and delivering shipboard systems for military use.

"This award reaffirms Blumetric's trusted role as Canada's premier supplier of mission-ready water solutions for military applications," stated Scott MacFabe, chair and chief executive officer. "Our technology and capabilities continue to be validated, having successfully delivered water solutions under various programs. In a time when sovereignty is becoming top of mind, we are well positioned to support the Canadian shipbuilding industry."

Blumetric has more than 20 years of experience delivering Canadian-made shipboard water solutions. The company's systems have been tested and proved for reliability and operational simplicity and provide benefits by minimizing operator workload and energy use.

The systems will be manufactured by the company's WaterTech Canada division in Carp, Ont., and is expected to start production in late 2026.

About Blumetric Environmental Inc.

Blumetric Environmental is a publicly traded water technology and environmental engineering firm. Blumetric designs, fabricates and delivers sustainable solutions to complex water and environmental challenges. The company is supported by more than 335 employees across 16 offices and three manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ont., Blumetric's team of industry experts serves commercial and industrial, government, military, and mining clients in North America and the Caribbean.

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