- H2O Innovation (HEO) recently received a new operation and maintenance (O&M) service contract and has extended three existing contracts
- These projects have a total value of $7.1 million, bringing the corporation’s O&M backlog to $149.6 million
- H2O Innovation is a complete water solutions company
- H2O Innovation Inc. (HEO) opened trading at C$2.63
H2O Innovation (HEO) has received a new operation and maintenance (O&M) service contract.
In addition, the company extended three existing contracts. These projects have a total value of $7.1 million, bringing the corporation’s O&M backlog to $149.6 million.
The corporation’s new O&M contract is with a commercial customer, which is located in the State of Georgia. H2O Innovation had already provided a decentralized wastewater reuse system for this customer.
The system transforms wastewater generated on site into clean water for cooling tower and boiler use. This two-year contract started in January 2023.
Frédéric Dugré, President and CEO of H2O Innovation, commented on the news.
“This is an excellent example of the strength of our business model. It 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.”
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.
The corporation has also 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.
H2O Innovation is a complete water solutions company which provides water treatment solutions based on membrane filtration technology.
H2O Innovation Inc. (HEO) opened trading at C$2.63.