- H2O Innovation (HEO) announced that its Water Technologies & Services business line has received two new water treatment projects
- These new contracts, with a total value of $12.1M, bring the WTS backlog to $55.1M
- H2O Innovation is a complete water solutions company providing best-in-class technologies and services to its customers
- H2O Innovation Inc. (HEO) is up 1.00 per cent, trading at C$2.03 per share at 12:26 pm ET
H2O Innovation (HEO) announced that its Water Technologies & Services business line has received two new water treatment projects.
These projects both include the supply of ultrafiltration (UF) technology and diversifying the order backlog for the current fiscal year. These new contracts, with a total value of $12.1M, bring the WTS backlog to $55.1M.
The largest of the two projects consists of a seven-train UF system for the City of Grants Pass in Oregon. This system is designed for a capacity of 22.5 MGD (85,200 m3/day) to provide drinking water for the community. The project will start with an engineering phase, and the company expects to complete equipment fabrication in 2024.
The second project involves a UF-RO system expansion for the City of Sherman, Texas, to bring the total capacity of the system to 14.0 MGD (53,000 m3/day). The scope of this project is to add two additional UF trains to the existing five trains that H2O Innovation provided in 2018.
It will also provide an additional RO train to expand the two trains provided in 2019. This expansion is a fast-tracked upgrade that the company expects to complete within the next 12 months.
Frédéric Dugré, President and Chief Executive Officer of H2O Innovation, commented on the news.
“We can see that the market is still rich in opportunities for water treatment systems, both for the municipal and industrial sectors. H2O Innovation stands out once again as the partner of choice to provide long-term value for clients. Our new fiscal year is off to a promising start, and this allows us to look forward to the next few years with confidence.”
H2O Innovation is a complete water solutions company providing best-in-class technologies and services to its customers.
H2O Innovation Inc. (HEO) is up 1.00 per cent, trading at C$2.03 per share at 12:26 pm ET.