All amounts are in Canadian dollars unless otherwise stated.
H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has recently been awarded a new operation and maintenance (O&M) service contract and has extended three existing contracts. These projects have a total value of $7.1 M, bringing the Corporation’s O&M backlog to $149.6 M.
The Corporation was awarded a new O&M contract with a commercial customer, which is located in the State of Georgia and for which H2O Innovation had already provided a decentralized wastewater reuse system that transforms wastewater generated on site into clean water for cooling tower and boiler use. This two-year contract started in January 2023. “This is an excellent example of the strength of our business model, which allows us to generate cross-selling synergies between our business pillars and promote customer retention by ensuring a single point of responsibility between equipment design, consumable and O&M. By taking advantage of our complete and extended offering, our customer could maximize the return on its CAPEX while also de-risking its OPEX,” said Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.
H2O Innovation has also renewed, for a five-year period, the O&M contract for the Kananaskis Region of Alberta. The contract consists of the operation and maintenance of 11 potable water treatment systems and two wastewater treatment systems, including 28 sewage lift stations.
Finally, the Corporation has extended a contract for a municipality in the State of New Hampshire for an additional period of two years, as well as a contract in the State of New York for a three-year period.
About H2O Innovation
Innovation is in our name, and it is what drives the organization. H2O Innovation is a complete water solutions company focused on providing best-in-class technologies and services to its customers. The Corporation’s activities rely on three pillars: (i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to deliver equipment and services to municipal and industrial water, wastewater, and water reuse customers, (ii) Specialty Products (SP) is a set of businesses that manufacture and supply a complete line of specialty chemicals, consumables and engineered products for the global water treatment industry, and (iii) Operation & Maintenance (O&M) provides contract operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.