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H2O Innovation Inc.

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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. H2O Innovation is a publicly-traded company listed on Toronto, Alternex and OTCQX...

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H2O Innovation Inc.

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H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on ......

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8020 Admin

8 hours

8020 Admin posted a press release H2O Innovation Sees Increased Business Opportunities Following New U.S. Ethanol Law Reforms in H2O INNOVATION INC.


QUEBEC CITY, June 19, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) says it is poised to take advantage of changes announced June 3rd in US Environmental Protection Agency (EPA) regulations that now allow year-round sales of so-called “E15” fuel, which contains 15% ethanol and 85% gasoline.


On June 3rd, the EPA announced a change of laws that restricted E15 ethanol fuel sales from June 1st to September 15th. This blackout period deterred retailers from offering E15 at all since they would have to change pumps and warning labels at the start and end of each summer. Instead, they would stay with E10 fuel, with 10% ethanol. It is estimated that only 1% of the 122,000 filling stations in the US offer E15 fuel. After the EPA ruling, every service station is now able to offer E15 all year round. Ethanol provides oxygen making gasoline burn more cleanly in engines and helps reduce pollution.


“This is very significant news for us at H2O Innovation,” stated Frédéric Dugré, CEO and President of H2O Innovation, “since we’ve been in this market for the past ten years delivering water treatment products and services to ethanol producers and helping them optimize production. The E15 law in effect opens up significant blue sky for us in this market with increased demand for our membrane equipment projects and the ongoing associated services and consumables, including chemicals, membranes, and filters”.


In anticipation of the year-round E15 availability, the Corporation has delivered, over the past months, a total of eight (8) capital equipment projects in the ethanol industry, all located in the Midwestern United States. A recent installation in Ohio brings H2O Innovation’s installed base in the ethanol sector to more than 35 plants with over 15.0 MGD (56,781 m3/day) total membrane capacity.


“We have worked closely with our customers to bring state-of-the-art membrane applications to the industry, including both polymeric and ceramic ultrafiltration (UF) membranes, as well as reverse osmosis (RO) for a variety of applications. Through existing relationships with ethanol producers, H2O Innovation is now well-positioned to capture new opportunities and meet the increasing demand as this industry grows again with the E15 legislation”, stated Gregory Madden, Vice President – Aftermarket & Digital Solutions of H2O Innovation.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 


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8020 Admin posted a press release H2O Innovation Announces a Change on its Board of Directors in H2O INNOVATION INC.


QUEBEC CITY, June 17, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the resignation of one of its directors, Mr. Jean-Réal Poirier, and the appointment of a new Board member, Mr. René Vachon.


For the last six (6) years, Mr. Jean-Réal Poirier has served as director of the Corporation and sit on different committees of the Board of Directors. “We wish to thank Mr. Poirier for his valuable contribution and his dedication as a Board member and wish him all the best in his new projects”, stated Lisa Henthorne, Chair of the Board of H2O Innovation.

Mr. René Vachon was appointed as member of the Board of Directors on June 13, 2019. Mr. Vachon held the positions of Vice President – Strategy and Corporate Development as well as Chief Financial Officer, at Autostock Inc. and Belron Canada, from 1995 to 2002. Previously, he served at Miranda Technologies for close than ten (10) years, from 2003 to 2012, as Vice President – Corporate Development and Chief Financial Officer. During his career, Mr. Vachon also held various positions including those related to strategic planning, mergers and acquisitions, finance, IT and human resources. At the present time, Mr. Vachon sits on the Board of Directors of Spectra Premium and Filgo-Sonic Corporations, for which he is also the Chairman of the Audit Committee.


“We are thrilled by the appointment of Mr. Vachon on the Board of Directors. His impressive track record of performance in various businesses namely in technology, manufacturing and distribution fits perfectly with our vision of strategic development of our business model”, added Lisa Henthorne.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com  


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8020 Admin

15 days

8020 Admin posted a press release H2O Innovation Secures Five New Projects Totalling $4.7 M, including a pilot for the Los Angeles County Sanitation District in H2O INNOVATION INC.


QUEBEC CITY, June 04, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce it was awarded five (5) new projects in North America, including two (2) in Texas. These new contracts, worth $4.7 M, will bring the Corporation’s project sales backlog to $48.6 M, and the consolidated sales backlog (including the O&M contracts) to $135.7 M.


H2O Innovation was selected to supply a 3-train FiberFlexTM ultrafiltration/microfiltration (UF/MF) and 3-stage nanofiltration (NF) pilot for the Los Angeles County Sanitation District (LACSD) to be used for operator training. The Corporation has sold multiple FiberFlexTM UF/MF pilots to California agencies and leased similar equipment to numerous customers throughout the United States and Canada. “H2O Innovation is the pioneer of open platform systems for hollow fiber membrane filtration and membrane bioreactor (MBR) systems with our FiberFlexTM and flexMBRTM technologies. We have taken this open platform UF/MF concept to the pilot scale where our FiberFlexTM pilot units are the most flexible and advanced pilots available. Our pilots allow testing of one, two or three similar or different membrane models to be tested simultaneously and at similar or different operating parameters (i.e. flux, recovery, etc.). FiberFlexTM pilots reduce piloting costs, complexity and effort by reducing the number of companies involved, contract negotiations, space requirements, support staff, electrical/mechanical installation, training and hazardous chemical locations”, stated David Faber, Vice President – Capital Equipment Sales of H2O Innovation.


H2O Innovation was additionally awarded two (2) municipal projects in Texas. The first one, dedicated to a private developer in Texas, is for a packaged plant membrane bioreactor (MBR) system, treating 100,000 GPD (378.5 m3/day) of wastewater effluents. This system capacity is expandable to 390,000 GPD (1,476.3 m3/day). The second project is for the expansion of a reverse osmosis (RO) system. The Corporation will add two (2) RO trains to the existing system in order to treat 5.0 MGD (18,927 m3/day).  


Finally, the Corporation won two (2) industrial RO projects, one (1) in Calgary (Canada) and another in Arizona. The Calgary project consists of a double pass RO system and a 3000 bbl treated water storage tank. The treated water is for amine make-up water. The Arizona project will use two (2) RO trains designed by H2O Innovation, at 0.3 MGD (1,136 m3/day) per train, to treat well water for chloride reduction in a mining application.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com


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8020 Admin

1 month

8020 Admin posted a press release H2O Innovation's 2019 Third Quarter Results - Shows Adjusted EBITDA at 6.8% of revenues and Net Earnings in H2O INNOVATION INC.

Key highlights



  • Sustained revenue growth of $5.6 M, or 21.1% over the same period of the previous fiscal year, reaching $32.3 M for the third quarter of fiscal year 2019;

  • Recurring revenues from Aftermarket, Specialty Products and Operation & Maintenance (“O&M”), represented 81.9% of total revenues for the third quarter of fiscal year 2019;

  • Selling, operating and administrative expenses % (“SG&A”) decreased to 17.0% for the third quarter of fiscal year 2019, from 18.4% for the same quarter of the previous fiscal year;

  • Consolidated backlog, combining Projects and O&M business pillars, stood at $138.7 M as of March 31, 2019, compared to $123.1 M for the period ended March 31, 2018;

  • Adjusted EBITDA1 reached $2.2 M, or 6.8% of revenues, during the third quarter of fiscal year 2019, compared to $1.1 M, or 4.0% of revenues, for the same quarter of the previous fiscal year;

  • Net earnings increased to $0.5 M for the third quarter of fiscal year 2019, from a net loss of ($0.01 M) for the same quarter of the previous fiscal year;

  • Adjusted net earnings2 stood at $1.3 M for the third quarter of this fiscal year, compared to an adjusted net earnings of $0.5 M for the same quarter of the previous fiscal year. 


All amounts in Canadian dollars unless otherwise stated.


QUEBEC CITY, May 15, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its results for the third quarter of fiscal year 2019 ended March 31, 2019.


“We are extremely pleased to post these strong results, as they represent effectively the uniqueness of our business model providing high recurring revenues, high customers’ retention, multiple sales synergies between our business pillars and a proven acquisition platform capable to integrate rapidly, and with efficiency, new acquisitions. Each of our six business lines, regrouped under three business pillars, continues to strive for revenue growth, gross margin improvements, SG&A expenses optimization, product innovation and business process improvements. Our road map is clear, and our objectives remain ambitious: we want to scale-up our business with projects providing sales synergies for the other business lines, develop and add new specialty products capable to improve our gross profit and leverage our sales distribution networks, and continue to consolidate the fragmented market of O&M in North America. Our business has never been as strong as it is now. Our third quarter results show sustained EBITDA performance with net earnings along with a strong balance sheet, paving the way for a strong year end”, stated Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.


Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=HEO%3ACA&qmodStoryID=5128653958946955 

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8020 Admin

1 month

8020 Admin posted a press release H2O Innovation: Piedmont Launches Its New Product Line of Disc and Screen Self-Cleaning Filters in H2O INNOVATION INC.

QUEBEC CITY, May 06, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently launched a new product line of disc and screen self-cleaning filters. Depending on the model and size of the project, the scope of supply could be anywhere from $6,500 to $1.5 M.


This new product line complements Piedmont’s existing product offering in several ways. The FRP cartridge filter housings are used mostly in the traditional pre-treatment of a reverse osmosis (“RO”) plant, and now with the addition of disc and screen filters to its portfolio, Piedmont is able to supply the self-cleaning filters used for the pre-treatment upstream the ultrafiltration (“UF”) membranes, both for UF and UF + reverse osmosis membrane systems.


These disc and screen self-cleaning filters are used mainly to remove suspended solids in the water, to prevent damaging equipment downstream, such as pumps and membranes, and to reduce frequency of membrane cleanings. They are typically part of the pre-treatment in a membrane system, and their use is much more common when the system includes UF membranes.
             
The use of disc and screen self-cleaning filters in water treatment plants also provides a consistent filtration level to a specific micron rating that is typically higher than those provided by cartridge filters in RO systems. Most common applications are the pre-treatment of UF systems and agriculture to treat water for irrigation purposes. For more information about the Piedmont’s complete line of disc and screen self-cleaning filters, visit www.piedmontpacific.com in the Products section.


“Piedmont is really glad to expand its product offering by adding these high-quality disc & screen self-cleaning filters. Three years ago, we launched the new FRP filter housing product line which helped double Piedmont’s revenues. Similarly, we are also expecting to increase our sales through this new product line. Since the desalination market is expanding fast, these filters are strategic for Piedmont and fitted to meet the existing filtration demand for both type of reverse osmosis pre-treatment designs; something we could not do in the past. We are also leveraging our sales network by keeping the same global distribution structure we had in place and offering more products to better serve our clients. We already got our first orders, so we are very optimistic for the upcoming months”, said Ties Venema, Managing Director of Piedmont.


About Piedmont
Piedmont is a global leader in corrosion resistant equipment for desalination plants and meets critical customer demand for a wide range of applications in the industrial and municipal markets. For more information, visit www.piedmontpacific.com.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e495f5f5-4b59-4683-93a1-3d92db5a8eff


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Piedmont’s Disc and Screen Self-Cleaning Filters



 



These disc and screen self-cleaning filters are used mainly to remove suspended solids in the water, to prevent damaging equipment downstream, such as pumps and membranes, and to reduce frequency of membrane cleanings.



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Media Relations posted an update Mr. Frederic Dugre, Président and CEO of H2O Innovations (HEO.TSXV), presenting to packed audience in H2O INNOVATION INC.

Mr. Frederic Dugre, Président and CEO of H2O Innovations (HEO.TSXV), presenting to packed audience, hosted MI3 Communications in St George de Beauce.


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Media Relations posted an update President and CEO, Mr. Frederic Dugre of H20 tonight in Chicoutimi, QC in H2O INNOVATION INC.

With over 750 waste water treatment station across North America and 100 Million in Revenues, Mr. Mario Drolet and MI3 Communications of Montrteal have the pleasure to host the President and CEO, Mr. Frederic Dugre of H20 tonight in Chicoutimi, QC. (HEO. TSXV)


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Media Relations posted an update Mr. Fredrick Dugre, President, and CEO of H20 Innovations presents in H2O INNOVATION INC.

Tonight, in Quebec City, QC in the beautiful "ant let Continental Restaraunt", Mr. Fredrick Dugre, President, and CEO of H20 Innovations presents to a packed audience at the Mi3 Communications “Investor Growth Series and Dinner”




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Media Relations posted an update H20 Innovations management presenting this evening to Investors in H2O INNOVATION INC.

H20 Innovations presents this evening at the Mi3 Communications “Investor Growth Series and Dinner”


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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation Surpasses 50 Installations for its Clearlogx® & Digital Solutions in H2O INNOVATION INC.

QUEBEC CITY, April 08, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that Clearlogx®, its proprietary coagulant control technology, has recently won three (3) new projects in the United States, totalling $498,000. The Corporation now has its digital solutions installed on more than 50 sites.


This patented control technology, acquired by H2O Innovation, is used in both conventional and membrane filtration (MF/UF) systems to automatically adjust the feed of specialty coagulants based on a specific control algorithm. By optimizing the coagulant dosage in conventional or membrane treatment systems, this software can improve the performance of the plant, reducing costly carryover and/or membrane fouling, providing tremendous savings in chemical, energy, and maintenance costs.  


Over the last few months, H2O Innovation has completed installation of three (3) new Clearlogx® projects: one (1) in California and two (2) in North Carolina. The California contract was a result of additional scope to an existing H2O Innovation capital equipment project. This project also included the use of Zeta potential for optimal control of particle charge. Clearlogx® can also be installed on system built by other system suppliers, as was the case for the two North Carolina contracts. For all three projects, Clearlogx® was required to meet environmental regulations, reduce organics & disinfection by-products and minimize fouling of the membranes. All three of the systems associated with these recent Clearlogx® projects were conventional clarification followed by membrane filtration.


“We are hitting our stride with this technology, finding the opportunities where it is a good fit in our market. With each of these projects, we have been able to closely control chemical feed to optimize the process, leading to more efficient operation and less hassle for the operations staff. Clearlogx® projects also put us in a good position to continue to support our customers through the supply of our specialty coagulants and the use of our Intelogx™ data monitoring software”, stated Gregory Madden, Vice President Aftermarket & Digital Solutions.  


About Clearlogx®
Clearlogx® is a proprietary technology, which precisely and continuously controls the feed of specialty coagulants used in water treatment to maintain a proper pH level and an optimum particle charge, while simultaneously improving overall treatment process efficiency. For more information, please visit www.h2oinnovation.com/services/digital-solutions/.


About H2O Innovation  
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 wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation and Sustainable Water deliver Water Reuse Infrastructures Through Water Processing Agreements in H2O INNOVATION INC.

QUEBEC CITY, March 25, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation has partnered with Sustainable Water (“SW”) – Glen Allen, VA – on more than 45 eco-engineered wastewater reclamation and reuse projects in the United States. These projects range from small community-scale water treatment to district-scale wastewater reclamation and reuse. The partnership with Sustainable Water spans beyond technology, system design and operations into full Water Processing Agreements which also include project development, finance and investment. This is a strategic collaboration that will allow a greater reach into the water reuse market. "Our partnership with H2O Innovation combines decades of water treatment experience and an ability to provide clients with unmatched expertise for customized water management solutions”, stated Jonathan Lanciani, President of Sustainable Water.


“Up to now, we have disclosed six (6) projects, which are now part of our $50.0 M backlog, and we are actively working on a pipeline of 41 opportunities for similar-sized water recycling plants. This partnership with Sustainable Water is looking very promising at a time when the decentralized water reuse market is exploding. The momentum we are building with Sustainable Water will certainly create a lot of value for both our organisations”, stated Frédéric Dugré, President & CEO of H2O Innovation.


The partnership’s first project consists of a wastewater reclamation and reuse system serving a major manufacturing plant in Virginia. Called the Virginia WaterHub®, this system combines natural, hydroponic, treatment techniques with the flexMBRTM open technology and reverse osmosis (“RO”). This system will treat 0.7 MGD (2,650 m3/day) of domestic and industrial wastewater coming from a manufacturing center’s campus. On-demand, recycled wastewater will be used in cooling towers – reducing the campus potable water footprint by nearly 40%.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0f22fb1b-8b21-41e3-80c8-db6d73c38951


The Virginia WaterHub® is a hallmark of H2O Innovation’s design & operation collaboration with Sustainable Water. This project, like many other WaterHub® projects, are owned by Sustainable Water through a Water Processing Agreement (WPA). A WPA is an agreement that allows Sustainable Water to invest on behalf of the client to design, build, operate, and maintain a water treatment and reclamation system.


The construction of the Virginia WaterHub® is nearing completion and system start-up is slated for the summer of 2019. H2O Innovation O&M business line, Utility Partners, will also operate the system on behalf of Sustainable Water, for an initial 5-year period. The system will use H2O Innovation’s state-of-the-art IntelogxTM software package custom designed for WaterHub® reclamation and reuse projects. “In the projects we delivered for SW, we used our latest membrane technologies (flexMBRTM), we provided our IntelogxTM software that has the most attractive user experience in the water industry, and we provided the staff & the expertise to operate the plant; we basically take full accountability for both CAPEX and OPEX. Delivering such a level of long-term price certainty to a water asset developer like Sustainable Water is a unique offering that no other equipment firm is able to provide. This is also why the collaboration with Sustainable Water is a true partnership, way beyond the typical supplier-customer relationship”, added Guillaume Clairet, COO of H2O Innovation.


About H2O Innovation  
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 wastewater treatment systems. For more information, visit www.h2oinnovation.com.


About Sustainable Water
Sustainable Water is a water management consulting firm and water infrastructure developer, focusing in district-scale water reclamation and reuse projects. Sustainable Water specializes in the design-build of ecologically-engineered wastewater treatment solutions. The company develops solutions for a variety of industries, including higher education, automotive manufacturing, food & beverage manufacturing, office parks and airports. Their WaterHub® reclamation projects are changing the paradigm for wastewater management in urban environments. To learn more please visit www.sustainablewater.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation Secures Four New Projects Totalling $4.0 M in H2O INNOVATION INC.

QUEBEC CITY, March 11, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce it was awarded four (4) new projects including three (3) municipal projects and one (1) industrial project. These new contracts, worth $4.0 M, will bring the Corporation’s project sales backlog to $51.4 M, and the consolidated sales backlog (including the O&M contracts) to $146.8 M.


First of all, H2O Innovation has been awarded a municipal sewage treatment facility in Ontario utilizing the flexMBRTM technology. From screening to dewatering, the system will treat an average day flow of 0.3 MGD (1,000 m3/day) with peaks up to 1.3 MGD (5,000 m3/day). “The municipal sector is a very competitive environment and in order to provide the town protection for future membrane replacement pricing and take advantage of technology evolution from several vendors, we will implement our flexMBRTM technology. The flexMBRTM for this facility is designed to allow for membrane interchangeability with at least three (3) suppliers. Our municipal customers truly appreciate our unique open platform design and we are proud to provide them with freedom of choice through the life of their facility”, stated Ryan Waldie, Vice President – Business Development & Strategic Partnerships of H2O Innovation.


The second contract is for a water reuse system for a green building in Austin, Texas. The process will employ membrane bioreactor technology (MBR) as pre-treatment for reverse osmosis (RO). The Corporation’s presence in Texas has been growing steadily since the acquisition of Hays South Utility Corporation last November. The H2O Innovation team will deliver a prefabricated treatment system including a building and process tank to simplify delivery and minimize on-site work. The effluent will primarily be used to provide the building with toilet flushing water at a design capacity of 5,000 GPD (18.9 m3/day) of wastewater.


The third project was awarded by a technology company from the State of Indiana to expand their treatment capacity. H2O Innovation will be adding two RO trains of 0.2 MGD (763 m3/day) each, to produce demineralized water from a brackish feed source. The Corporation will also provide the clean-in-place skid, softeners and filters.


Finally, the last project won by the Corporation is for a municipality located in California. H2O Innovation will provide a 3-train demonstration system using ultrafiltration (UF) and RO technologies to treat water for indirect potable reuse. The system will use FiberFlexTM technology with hollow fiber membranes and is expected to begin the commission phase within the next few months.


About H2O Innovation


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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation's 2019 Second Quarter Results - Hays' Acquisition in Texas Integrated to our Business Model Strives for Additional Recurring Revenues and Synergies in H2O INNOVATION INC.

QUEBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its results for the second quarter of fiscal year 2019 ended December 31, 2018. Revenues for the second quarter of fiscal year 2019 amounted to $29.4 M, representing a $3.6 M, or 13.8% increase, as compared with revenues of $25.8 M recorded for the second quarter of the previous fiscal year. This increase is partially fueled by the acquisition of Hays Utility South Corporation (“Hays”), as well as the organic growth from the Projects & Aftermarket and O&M business pillars. The Projects & Aftermarket business pillar is showing a revenue increase of $2.2 M, or 21.9%, while having a healthier backlog with better projects’ diversification. The Corporation will focus on improving its gross profit margin before depreciation and amortization in this business pillar prior to focusing on growing the volume of revenues. Therefore, to reach that goal, H2O Innovation is executing more industrial and wastewater projects previously secured in the backlog and is observing positive upside in the gross profit margins being recorded. Specialty Products business pillar is showing a momentary decrease of $1.6 M, or 21.4% of revenues, for the second quarter of fiscal year 2019 compared to the same quarter of the previous fiscal year. This decrease is partially explained by delays beyond Corporation’s control in delivering significant orders of couplings for recurring customers. Specialty Products business pillar’s revenue was also impacted by a general slowdown in the maple syrup industry due to adverse weather conditions during the last maple syrup season. As a result, maple syrup producers have experienced a challenging year resulting in a lower production, thus lowering the investments they can spend in new capital equipment purchase. As for PWT, our specialty chemicals product line, the Corporation increased its in-house manufacturing capacity of liquid cleaners. This manufacturing improvement, along with the addition of new distributors in strategic territories, enabled the increase of the Corporation’s gross profit margin before depreciation and amortization. Regarding Piedmont’s operations, the bookings of new couplings and filter housings orders have reached a new high at the end of the second quarter, as explained in the press release of January 31, 2019. However, most of the revenues from these large orders have not been recognized in this current quarter. The O&M business pillar is showing a constant growth, with a revenue increase of $3.0 M, or 35.2%, during the second quarter of fiscal year 2019, compared to the same quarter of the previous fiscal year. This significant revenue growth is explained by a sustained organic growth mostly driven by scope of work increases on existing projects, and the acquisition of Hays, adding $1.5 M of revenues to this business pillar for the second quarter of fiscal year 2019.


 


Read more here: https://quotemedia.com/portal/quote?qm_symbol=HEOFF&qmodStoryID=5167923107501943 

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation: Piedmont Obtains NSF Certification for the Fiberglass Reinforced Polyester (FRP) Cartridge Filter Housing Product Line and Secured 19 New Projects in H2O INNOVATION INC.

QUEBEC CITY, Jan. 31, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently earned NSF certification for the fiberglass reinforced polyester (FRP) cartridge filter housing product line and booked 19 new projects in the second quarter of fiscal year 2019 totalling $3.3 M.


After successfully certifying Piedmont according to the ISO 9001 standards in 2018, the Piedmont team continues to strive for quality by certifying its complete FRP filter housing product line according to the National Sanitation Foundation (NSF) standards.


“With this important milestone we increase significantly our chances of participating and winning projects in the municipal sector in the United States. Despite our competitive prices, on many occasions we were not able to bid projects due to the lack of compliance with the NSF requirements. Now we will be one of the few companies that can offer corrosion free Fiberglass Reinforced Polyester-NSF-approved filter housing as an alternative to stainless steel. This will give us a considerable competitive advantage”, said Ties Venema, Managing Director of Piedmont.


Since our last press release in October, we have furthermore been successful in securing orders for medium and large-scale desalination projects with our couplings and filter housing products. More specifically, 4 orders out of 19 secured in Q2 were orders combining couplings and filter housings. These orders are for desalination projects of various size ranging from 30,000 m3/d to 200,000 plus m3/day capacity and are located in multiple countries such as Morocco, Oman, UAE, Saudi, Chili and Peru. Piedmont has noticed a steep increase in medium sized orders coming from Europe as well. Most of these orders are expected to be delivered during the third and fourth quarters of this current fiscal year. The team also carried out its largest single order of couplings in January totalling $1.2 M for a European EPC (Engineering – Procurement – Construction) company.


About Piedmont
Piedmont is a global leader in corrosion resistant equipment for desalination plants and meets critical customer demand for a wide range of applications in the industrial and municipal markets. For more information, visit www.piedmontpacific.com.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com  

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation Announces the Release of its Financial Results for the Second Quarter of 2019 in H2O INNOVATION INC.

QUEBEC CITY, Jan. 30, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the 2019 second quarter on Wednesday, February 13, 2019, at approximately 8:00 a.m. (EST). The Corporation will also host a conference call, on that same day, at 10:00 a.m. (EST).


Financial analysts and investors are invited to attend the conference call during which the 2019 second quarter results will be presented. The call will begin with a presentation by management followed by a question-and-answer period. A slide presentation will be available on the Corporate Presentations page of the Investors section of the Corporation’s website.


Time and date: Wednesday, February 13, 2019 at 10:00 a.m. (EST)
Dial in number: 1 (877) 223-4471 or 1 (647) 788-4922


Subscription by Insiders
On November 30, 2018, in connection with the acquisition of all the issued and outstanding shares of Hays Utility South Corporation, the Corporation completed a bought-deal private placement and issued a total of 15,745,775 Common Shares at a price of $0.83 per Common Share for total gross proceeds of approximately $13,068,994. Existing insiders of the Corporation subscribed for an aggregate of 3,451,260 Common Shares (with an aggregate purchase price of $2,864,545.80).


About H2O Innovation 
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 and services, including digital control and monitoring solutions as well as after sale customer services; ii) specialty products, which include a complete line of specialty chemicals, consumables, specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems and utilities. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.

Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 

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H2O Innovation Inc.

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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. H2O Innovation is a publicly-traded company listed on Toronto, Alternex and OTCQX...

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8020 Admin

8 hours

8020 Admin posted a press release H2O Innovation Sees Increased Business Opportunities Following New U.S. Ethanol Law Reforms in H2O INNOVATION INC.


QUEBEC CITY, June 19, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) says it is poised to take advantage of changes announced June 3rd in US Environmental Protection Agency (EPA) regulations that now allow year-round sales of so-called “E15” fuel, which contains 15% ethanol and 85% gasoline.


On June 3rd, the EPA announced a change of laws that restricted E15 ethanol fuel sales from June 1st to September 15th. This blackout period deterred retailers from offering E15 at all since they would have to change pumps and warning labels at the start and end of each summer. Instead, they would stay with E10 fuel, with 10% ethanol. It is estimated that only 1% of the 122,000 filling stations in the US offer E15 fuel. After the EPA ruling, every service station is now able to offer E15 all year round. Ethanol provides oxygen making gasoline burn more cleanly in engines and helps reduce pollution.


“This is very significant news for us at H2O Innovation,” stated Frédéric Dugré, CEO and President of H2O Innovation, “since we’ve been in this market for the past ten years delivering water treatment products and services to ethanol producers and helping them optimize production. The E15 law in effect opens up significant blue sky for us in this market with increased demand for our membrane equipment projects and the ongoing associated services and consumables, including chemicals, membranes, and filters”.


In anticipation of the year-round E15 availability, the Corporation has delivered, over the past months, a total of eight (8) capital equipment projects in the ethanol industry, all located in the Midwestern United States. A recent installation in Ohio brings H2O Innovation’s installed base in the ethanol sector to more than 35 plants with over 15.0 MGD (56,781 m3/day) total membrane capacity.


“We have worked closely with our customers to bring state-of-the-art membrane applications to the industry, including both polymeric and ceramic ultrafiltration (UF) membranes, as well as reverse osmosis (RO) for a variety of applications. Through existing relationships with ethanol producers, H2O Innovation is now well-positioned to capture new opportunities and meet the increasing demand as this industry grows again with the E15 legislation”, stated Gregory Madden, Vice President – Aftermarket & Digital Solutions of H2O Innovation.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 


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8020 Admin posted a press release H2O Innovation Announces a Change on its Board of Directors in H2O INNOVATION INC.


QUEBEC CITY, June 17, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the resignation of one of its directors, Mr. Jean-Réal Poirier, and the appointment of a new Board member, Mr. René Vachon.


For the last six (6) years, Mr. Jean-Réal Poirier has served as director of the Corporation and sit on different committees of the Board of Directors. “We wish to thank Mr. Poirier for his valuable contribution and his dedication as a Board member and wish him all the best in his new projects”, stated Lisa Henthorne, Chair of the Board of H2O Innovation.

Mr. René Vachon was appointed as member of the Board of Directors on June 13, 2019. Mr. Vachon held the positions of Vice President – Strategy and Corporate Development as well as Chief Financial Officer, at Autostock Inc. and Belron Canada, from 1995 to 2002. Previously, he served at Miranda Technologies for close than ten (10) years, from 2003 to 2012, as Vice President – Corporate Development and Chief Financial Officer. During his career, Mr. Vachon also held various positions including those related to strategic planning, mergers and acquisitions, finance, IT and human resources. At the present time, Mr. Vachon sits on the Board of Directors of Spectra Premium and Filgo-Sonic Corporations, for which he is also the Chairman of the Audit Committee.


“We are thrilled by the appointment of Mr. Vachon on the Board of Directors. His impressive track record of performance in various businesses namely in technology, manufacturing and distribution fits perfectly with our vision of strategic development of our business model”, added Lisa Henthorne.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com  


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8020 Admin

15 days

8020 Admin posted a press release H2O Innovation Secures Five New Projects Totalling $4.7 M, including a pilot for the Los Angeles County Sanitation District in H2O INNOVATION INC.


QUEBEC CITY, June 04, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce it was awarded five (5) new projects in North America, including two (2) in Texas. These new contracts, worth $4.7 M, will bring the Corporation’s project sales backlog to $48.6 M, and the consolidated sales backlog (including the O&M contracts) to $135.7 M.


H2O Innovation was selected to supply a 3-train FiberFlexTM ultrafiltration/microfiltration (UF/MF) and 3-stage nanofiltration (NF) pilot for the Los Angeles County Sanitation District (LACSD) to be used for operator training. The Corporation has sold multiple FiberFlexTM UF/MF pilots to California agencies and leased similar equipment to numerous customers throughout the United States and Canada. “H2O Innovation is the pioneer of open platform systems for hollow fiber membrane filtration and membrane bioreactor (MBR) systems with our FiberFlexTM and flexMBRTM technologies. We have taken this open platform UF/MF concept to the pilot scale where our FiberFlexTM pilot units are the most flexible and advanced pilots available. Our pilots allow testing of one, two or three similar or different membrane models to be tested simultaneously and at similar or different operating parameters (i.e. flux, recovery, etc.). FiberFlexTM pilots reduce piloting costs, complexity and effort by reducing the number of companies involved, contract negotiations, space requirements, support staff, electrical/mechanical installation, training and hazardous chemical locations”, stated David Faber, Vice President – Capital Equipment Sales of H2O Innovation.


H2O Innovation was additionally awarded two (2) municipal projects in Texas. The first one, dedicated to a private developer in Texas, is for a packaged plant membrane bioreactor (MBR) system, treating 100,000 GPD (378.5 m3/day) of wastewater effluents. This system capacity is expandable to 390,000 GPD (1,476.3 m3/day). The second project is for the expansion of a reverse osmosis (RO) system. The Corporation will add two (2) RO trains to the existing system in order to treat 5.0 MGD (18,927 m3/day).  


Finally, the Corporation won two (2) industrial RO projects, one (1) in Calgary (Canada) and another in Arizona. The Calgary project consists of a double pass RO system and a 3000 bbl treated water storage tank. The treated water is for amine make-up water. The Arizona project will use two (2) RO trains designed by H2O Innovation, at 0.3 MGD (1,136 m3/day) per train, to treat well water for chloride reduction in a mining application.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com


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8020 Admin

1 month

8020 Admin posted a press release H2O Innovation's 2019 Third Quarter Results - Shows Adjusted EBITDA at 6.8% of revenues and Net Earnings in H2O INNOVATION INC.

Key highlights



  • Sustained revenue growth of $5.6 M, or 21.1% over the same period of the previous fiscal year, reaching $32.3 M for the third quarter of fiscal year 2019;

  • Recurring revenues from Aftermarket, Specialty Products and Operation & Maintenance (“O&M”), represented 81.9% of total revenues for the third quarter of fiscal year 2019;

  • Selling, operating and administrative expenses % (“SG&A”) decreased to 17.0% for the third quarter of fiscal year 2019, from 18.4% for the same quarter of the previous fiscal year;

  • Consolidated backlog, combining Projects and O&M business pillars, stood at $138.7 M as of March 31, 2019, compared to $123.1 M for the period ended March 31, 2018;

  • Adjusted EBITDA1 reached $2.2 M, or 6.8% of revenues, during the third quarter of fiscal year 2019, compared to $1.1 M, or 4.0% of revenues, for the same quarter of the previous fiscal year;

  • Net earnings increased to $0.5 M for the third quarter of fiscal year 2019, from a net loss of ($0.01 M) for the same quarter of the previous fiscal year;

  • Adjusted net earnings2 stood at $1.3 M for the third quarter of this fiscal year, compared to an adjusted net earnings of $0.5 M for the same quarter of the previous fiscal year. 


All amounts in Canadian dollars unless otherwise stated.


QUEBEC CITY, May 15, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its results for the third quarter of fiscal year 2019 ended March 31, 2019.


“We are extremely pleased to post these strong results, as they represent effectively the uniqueness of our business model providing high recurring revenues, high customers’ retention, multiple sales synergies between our business pillars and a proven acquisition platform capable to integrate rapidly, and with efficiency, new acquisitions. Each of our six business lines, regrouped under three business pillars, continues to strive for revenue growth, gross margin improvements, SG&A expenses optimization, product innovation and business process improvements. Our road map is clear, and our objectives remain ambitious: we want to scale-up our business with projects providing sales synergies for the other business lines, develop and add new specialty products capable to improve our gross profit and leverage our sales distribution networks, and continue to consolidate the fragmented market of O&M in North America. Our business has never been as strong as it is now. Our third quarter results show sustained EBITDA performance with net earnings along with a strong balance sheet, paving the way for a strong year end”, stated Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.


Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=HEO%3ACA&qmodStoryID=5128653958946955 

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8020 Admin

1 month

8020 Admin posted a press release H2O Innovation: Piedmont Launches Its New Product Line of Disc and Screen Self-Cleaning Filters in H2O INNOVATION INC.

QUEBEC CITY, May 06, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently launched a new product line of disc and screen self-cleaning filters. Depending on the model and size of the project, the scope of supply could be anywhere from $6,500 to $1.5 M.


This new product line complements Piedmont’s existing product offering in several ways. The FRP cartridge filter housings are used mostly in the traditional pre-treatment of a reverse osmosis (“RO”) plant, and now with the addition of disc and screen filters to its portfolio, Piedmont is able to supply the self-cleaning filters used for the pre-treatment upstream the ultrafiltration (“UF”) membranes, both for UF and UF + reverse osmosis membrane systems.


These disc and screen self-cleaning filters are used mainly to remove suspended solids in the water, to prevent damaging equipment downstream, such as pumps and membranes, and to reduce frequency of membrane cleanings. They are typically part of the pre-treatment in a membrane system, and their use is much more common when the system includes UF membranes.
             
The use of disc and screen self-cleaning filters in water treatment plants also provides a consistent filtration level to a specific micron rating that is typically higher than those provided by cartridge filters in RO systems. Most common applications are the pre-treatment of UF systems and agriculture to treat water for irrigation purposes. For more information about the Piedmont’s complete line of disc and screen self-cleaning filters, visit www.piedmontpacific.com in the Products section.


“Piedmont is really glad to expand its product offering by adding these high-quality disc & screen self-cleaning filters. Three years ago, we launched the new FRP filter housing product line which helped double Piedmont’s revenues. Similarly, we are also expecting to increase our sales through this new product line. Since the desalination market is expanding fast, these filters are strategic for Piedmont and fitted to meet the existing filtration demand for both type of reverse osmosis pre-treatment designs; something we could not do in the past. We are also leveraging our sales network by keeping the same global distribution structure we had in place and offering more products to better serve our clients. We already got our first orders, so we are very optimistic for the upcoming months”, said Ties Venema, Managing Director of Piedmont.


About Piedmont
Piedmont is a global leader in corrosion resistant equipment for desalination plants and meets critical customer demand for a wide range of applications in the industrial and municipal markets. For more information, visit www.piedmontpacific.com.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e495f5f5-4b59-4683-93a1-3d92db5a8eff


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Piedmont’s Disc and Screen Self-Cleaning Filters



 



These disc and screen self-cleaning filters are used mainly to remove suspended solids in the water, to prevent damaging equipment downstream, such as pumps and membranes, and to reduce frequency of membrane cleanings.



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Media Relations posted an update Mr. Frederic Dugre, Président and CEO of H2O Innovations (HEO.TSXV), presenting to packed audience in H2O INNOVATION INC.

Mr. Frederic Dugre, Président and CEO of H2O Innovations (HEO.TSXV), presenting to packed audience, hosted MI3 Communications in St George de Beauce.


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Media Relations posted an update President and CEO, Mr. Frederic Dugre of H20 tonight in Chicoutimi, QC in H2O INNOVATION INC.

With over 750 waste water treatment station across North America and 100 Million in Revenues, Mr. Mario Drolet and MI3 Communications of Montrteal have the pleasure to host the President and CEO, Mr. Frederic Dugre of H20 tonight in Chicoutimi, QC. (HEO. TSXV)


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Media Relations posted an update Mr. Fredrick Dugre, President, and CEO of H20 Innovations presents in H2O INNOVATION INC.

Tonight, in Quebec City, QC in the beautiful "ant let Continental Restaraunt", Mr. Fredrick Dugre, President, and CEO of H20 Innovations presents to a packed audience at the Mi3 Communications “Investor Growth Series and Dinner”




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Media Relations posted an update H20 Innovations management presenting this evening to Investors in H2O INNOVATION INC.

H20 Innovations presents this evening at the Mi3 Communications “Investor Growth Series and Dinner”


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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation Surpasses 50 Installations for its Clearlogx® & Digital Solutions in H2O INNOVATION INC.

QUEBEC CITY, April 08, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that Clearlogx®, its proprietary coagulant control technology, has recently won three (3) new projects in the United States, totalling $498,000. The Corporation now has its digital solutions installed on more than 50 sites.


This patented control technology, acquired by H2O Innovation, is used in both conventional and membrane filtration (MF/UF) systems to automatically adjust the feed of specialty coagulants based on a specific control algorithm. By optimizing the coagulant dosage in conventional or membrane treatment systems, this software can improve the performance of the plant, reducing costly carryover and/or membrane fouling, providing tremendous savings in chemical, energy, and maintenance costs.  


Over the last few months, H2O Innovation has completed installation of three (3) new Clearlogx® projects: one (1) in California and two (2) in North Carolina. The California contract was a result of additional scope to an existing H2O Innovation capital equipment project. This project also included the use of Zeta potential for optimal control of particle charge. Clearlogx® can also be installed on system built by other system suppliers, as was the case for the two North Carolina contracts. For all three projects, Clearlogx® was required to meet environmental regulations, reduce organics & disinfection by-products and minimize fouling of the membranes. All three of the systems associated with these recent Clearlogx® projects were conventional clarification followed by membrane filtration.


“We are hitting our stride with this technology, finding the opportunities where it is a good fit in our market. With each of these projects, we have been able to closely control chemical feed to optimize the process, leading to more efficient operation and less hassle for the operations staff. Clearlogx® projects also put us in a good position to continue to support our customers through the supply of our specialty coagulants and the use of our Intelogx™ data monitoring software”, stated Gregory Madden, Vice President Aftermarket & Digital Solutions.  


About Clearlogx®
Clearlogx® is a proprietary technology, which precisely and continuously controls the feed of specialty coagulants used in water treatment to maintain a proper pH level and an optimum particle charge, while simultaneously improving overall treatment process efficiency. For more information, please visit www.h2oinnovation.com/services/digital-solutions/.


About H2O Innovation  
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 wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation and Sustainable Water deliver Water Reuse Infrastructures Through Water Processing Agreements in H2O INNOVATION INC.

QUEBEC CITY, March 25, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation has partnered with Sustainable Water (“SW”) – Glen Allen, VA – on more than 45 eco-engineered wastewater reclamation and reuse projects in the United States. These projects range from small community-scale water treatment to district-scale wastewater reclamation and reuse. The partnership with Sustainable Water spans beyond technology, system design and operations into full Water Processing Agreements which also include project development, finance and investment. This is a strategic collaboration that will allow a greater reach into the water reuse market. "Our partnership with H2O Innovation combines decades of water treatment experience and an ability to provide clients with unmatched expertise for customized water management solutions”, stated Jonathan Lanciani, President of Sustainable Water.


“Up to now, we have disclosed six (6) projects, which are now part of our $50.0 M backlog, and we are actively working on a pipeline of 41 opportunities for similar-sized water recycling plants. This partnership with Sustainable Water is looking very promising at a time when the decentralized water reuse market is exploding. The momentum we are building with Sustainable Water will certainly create a lot of value for both our organisations”, stated Frédéric Dugré, President & CEO of H2O Innovation.


The partnership’s first project consists of a wastewater reclamation and reuse system serving a major manufacturing plant in Virginia. Called the Virginia WaterHub®, this system combines natural, hydroponic, treatment techniques with the flexMBRTM open technology and reverse osmosis (“RO”). This system will treat 0.7 MGD (2,650 m3/day) of domestic and industrial wastewater coming from a manufacturing center’s campus. On-demand, recycled wastewater will be used in cooling towers – reducing the campus potable water footprint by nearly 40%.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0f22fb1b-8b21-41e3-80c8-db6d73c38951


The Virginia WaterHub® is a hallmark of H2O Innovation’s design & operation collaboration with Sustainable Water. This project, like many other WaterHub® projects, are owned by Sustainable Water through a Water Processing Agreement (WPA). A WPA is an agreement that allows Sustainable Water to invest on behalf of the client to design, build, operate, and maintain a water treatment and reclamation system.


The construction of the Virginia WaterHub® is nearing completion and system start-up is slated for the summer of 2019. H2O Innovation O&M business line, Utility Partners, will also operate the system on behalf of Sustainable Water, for an initial 5-year period. The system will use H2O Innovation’s state-of-the-art IntelogxTM software package custom designed for WaterHub® reclamation and reuse projects. “In the projects we delivered for SW, we used our latest membrane technologies (flexMBRTM), we provided our IntelogxTM software that has the most attractive user experience in the water industry, and we provided the staff & the expertise to operate the plant; we basically take full accountability for both CAPEX and OPEX. Delivering such a level of long-term price certainty to a water asset developer like Sustainable Water is a unique offering that no other equipment firm is able to provide. This is also why the collaboration with Sustainable Water is a true partnership, way beyond the typical supplier-customer relationship”, added Guillaume Clairet, COO of H2O Innovation.


About H2O Innovation  
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 wastewater treatment systems. For more information, visit www.h2oinnovation.com.


About Sustainable Water
Sustainable Water is a water management consulting firm and water infrastructure developer, focusing in district-scale water reclamation and reuse projects. Sustainable Water specializes in the design-build of ecologically-engineered wastewater treatment solutions. The company develops solutions for a variety of industries, including higher education, automotive manufacturing, food & beverage manufacturing, office parks and airports. Their WaterHub® reclamation projects are changing the paradigm for wastewater management in urban environments. To learn more please visit www.sustainablewater.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation Secures Four New Projects Totalling $4.0 M in H2O INNOVATION INC.

QUEBEC CITY, March 11, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce it was awarded four (4) new projects including three (3) municipal projects and one (1) industrial project. These new contracts, worth $4.0 M, will bring the Corporation’s project sales backlog to $51.4 M, and the consolidated sales backlog (including the O&M contracts) to $146.8 M.


First of all, H2O Innovation has been awarded a municipal sewage treatment facility in Ontario utilizing the flexMBRTM technology. From screening to dewatering, the system will treat an average day flow of 0.3 MGD (1,000 m3/day) with peaks up to 1.3 MGD (5,000 m3/day). “The municipal sector is a very competitive environment and in order to provide the town protection for future membrane replacement pricing and take advantage of technology evolution from several vendors, we will implement our flexMBRTM technology. The flexMBRTM for this facility is designed to allow for membrane interchangeability with at least three (3) suppliers. Our municipal customers truly appreciate our unique open platform design and we are proud to provide them with freedom of choice through the life of their facility”, stated Ryan Waldie, Vice President – Business Development & Strategic Partnerships of H2O Innovation.


The second contract is for a water reuse system for a green building in Austin, Texas. The process will employ membrane bioreactor technology (MBR) as pre-treatment for reverse osmosis (RO). The Corporation’s presence in Texas has been growing steadily since the acquisition of Hays South Utility Corporation last November. The H2O Innovation team will deliver a prefabricated treatment system including a building and process tank to simplify delivery and minimize on-site work. The effluent will primarily be used to provide the building with toilet flushing water at a design capacity of 5,000 GPD (18.9 m3/day) of wastewater.


The third project was awarded by a technology company from the State of Indiana to expand their treatment capacity. H2O Innovation will be adding two RO trains of 0.2 MGD (763 m3/day) each, to produce demineralized water from a brackish feed source. The Corporation will also provide the clean-in-place skid, softeners and filters.


Finally, the last project won by the Corporation is for a municipality located in California. H2O Innovation will provide a 3-train demonstration system using ultrafiltration (UF) and RO technologies to treat water for indirect potable reuse. The system will use FiberFlexTM technology with hollow fiber membranes and is expected to begin the commission phase within the next few months.


About H2O Innovation


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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation's 2019 Second Quarter Results - Hays' Acquisition in Texas Integrated to our Business Model Strives for Additional Recurring Revenues and Synergies in H2O INNOVATION INC.

QUEBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its results for the second quarter of fiscal year 2019 ended December 31, 2018. Revenues for the second quarter of fiscal year 2019 amounted to $29.4 M, representing a $3.6 M, or 13.8% increase, as compared with revenues of $25.8 M recorded for the second quarter of the previous fiscal year. This increase is partially fueled by the acquisition of Hays Utility South Corporation (“Hays”), as well as the organic growth from the Projects & Aftermarket and O&M business pillars. The Projects & Aftermarket business pillar is showing a revenue increase of $2.2 M, or 21.9%, while having a healthier backlog with better projects’ diversification. The Corporation will focus on improving its gross profit margin before depreciation and amortization in this business pillar prior to focusing on growing the volume of revenues. Therefore, to reach that goal, H2O Innovation is executing more industrial and wastewater projects previously secured in the backlog and is observing positive upside in the gross profit margins being recorded. Specialty Products business pillar is showing a momentary decrease of $1.6 M, or 21.4% of revenues, for the second quarter of fiscal year 2019 compared to the same quarter of the previous fiscal year. This decrease is partially explained by delays beyond Corporation’s control in delivering significant orders of couplings for recurring customers. Specialty Products business pillar’s revenue was also impacted by a general slowdown in the maple syrup industry due to adverse weather conditions during the last maple syrup season. As a result, maple syrup producers have experienced a challenging year resulting in a lower production, thus lowering the investments they can spend in new capital equipment purchase. As for PWT, our specialty chemicals product line, the Corporation increased its in-house manufacturing capacity of liquid cleaners. This manufacturing improvement, along with the addition of new distributors in strategic territories, enabled the increase of the Corporation’s gross profit margin before depreciation and amortization. Regarding Piedmont’s operations, the bookings of new couplings and filter housings orders have reached a new high at the end of the second quarter, as explained in the press release of January 31, 2019. However, most of the revenues from these large orders have not been recognized in this current quarter. The O&M business pillar is showing a constant growth, with a revenue increase of $3.0 M, or 35.2%, during the second quarter of fiscal year 2019, compared to the same quarter of the previous fiscal year. This significant revenue growth is explained by a sustained organic growth mostly driven by scope of work increases on existing projects, and the acquisition of Hays, adding $1.5 M of revenues to this business pillar for the second quarter of fiscal year 2019.


 


Read more here: https://quotemedia.com/portal/quote?qm_symbol=HEOFF&qmodStoryID=5167923107501943 

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation: Piedmont Obtains NSF Certification for the Fiberglass Reinforced Polyester (FRP) Cartridge Filter Housing Product Line and Secured 19 New Projects in H2O INNOVATION INC.

QUEBEC CITY, Jan. 31, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently earned NSF certification for the fiberglass reinforced polyester (FRP) cartridge filter housing product line and booked 19 new projects in the second quarter of fiscal year 2019 totalling $3.3 M.


After successfully certifying Piedmont according to the ISO 9001 standards in 2018, the Piedmont team continues to strive for quality by certifying its complete FRP filter housing product line according to the National Sanitation Foundation (NSF) standards.


“With this important milestone we increase significantly our chances of participating and winning projects in the municipal sector in the United States. Despite our competitive prices, on many occasions we were not able to bid projects due to the lack of compliance with the NSF requirements. Now we will be one of the few companies that can offer corrosion free Fiberglass Reinforced Polyester-NSF-approved filter housing as an alternative to stainless steel. This will give us a considerable competitive advantage”, said Ties Venema, Managing Director of Piedmont.


Since our last press release in October, we have furthermore been successful in securing orders for medium and large-scale desalination projects with our couplings and filter housing products. More specifically, 4 orders out of 19 secured in Q2 were orders combining couplings and filter housings. These orders are for desalination projects of various size ranging from 30,000 m3/d to 200,000 plus m3/day capacity and are located in multiple countries such as Morocco, Oman, UAE, Saudi, Chili and Peru. Piedmont has noticed a steep increase in medium sized orders coming from Europe as well. Most of these orders are expected to be delivered during the third and fourth quarters of this current fiscal year. The team also carried out its largest single order of couplings in January totalling $1.2 M for a European EPC (Engineering – Procurement – Construction) company.


About Piedmont
Piedmont is a global leader in corrosion resistant equipment for desalination plants and meets critical customer demand for a wide range of applications in the industrial and municipal markets. For more information, visit www.piedmontpacific.com.


About H2O Innovation
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 & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com  

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8020 Admin

2 months

8020 Admin posted a press release H2O Innovation Announces the Release of its Financial Results for the Second Quarter of 2019 in H2O INNOVATION INC.

QUEBEC CITY, Jan. 30, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the 2019 second quarter on Wednesday, February 13, 2019, at approximately 8:00 a.m. (EST). The Corporation will also host a conference call, on that same day, at 10:00 a.m. (EST).


Financial analysts and investors are invited to attend the conference call during which the 2019 second quarter results will be presented. The call will begin with a presentation by management followed by a question-and-answer period. A slide presentation will be available on the Corporate Presentations page of the Investors section of the Corporation’s website.


Time and date: Wednesday, February 13, 2019 at 10:00 a.m. (EST)
Dial in number: 1 (877) 223-4471 or 1 (647) 788-4922


Subscription by Insiders
On November 30, 2018, in connection with the acquisition of all the issued and outstanding shares of Hays Utility South Corporation, the Corporation completed a bought-deal private placement and issued a total of 15,745,775 Common Shares at a price of $0.83 per Common Share for total gross proceeds of approximately $13,068,994. Existing insiders of the Corporation subscribed for an aggregate of 3,451,260 Common Shares (with an aggregate purchase price of $2,864,545.80).


About H2O Innovation 
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 and services, including digital control and monitoring solutions as well as after sale customer services; ii) specialty products, which include a complete line of specialty chemicals, consumables, specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems and utilities. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.

Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 

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