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H2O Innovation (TSXV:HEO) lands six new contracts

Utility
TSXV: HEO
26 July 2021 12:45 (EDT)
H2O Innovations -CEO, Frédéric Dugré.

Source: The Globe and Mail.

H2O Innovation (HEO) has won six new capital equipment projects worth C$4.8 million and commissioned six others.

The projects fall under the company’s water technologies and services business line.

The new contracts raise the business line’s backlog to $34.8 million.

H2O Innovation will supply a containerized water treatment system for a Canadian renewable ethanol producer. The corporation will treat surface water from the St-Lawrence River using a multi-unit treatment process to provide 190 GPM of boiler feed water.

The company will supply two containerized water treatment systems for workers camps in Quebec. The systems will use nanofiltration technology to treat surface water and produce 10,567 GPD of potable water.

In collaboration with Burns & McDonnell, H2O Innovation will provide a SILO
packaged wastewater treatment system for Clorox’s facility in Kentucky. The system will produce up to 25,000 GPD once delivered in early 2022. 

The SILO platform offers a simplified approach to membrane bioreactor treatment for smaller applications and decentralized treatment facilities where installation costs, ease of operation and low maintenance are key differentiators.

With the recent commissioning of the Granbury, Texas RO treatment system, H2O recently reached the substantial completion of six additional projects.

Frédéric Dugré, President and CEO of H2O Innovation, commented, with regard to the Granbury treatment system,

“This project really highlights the ability of H2O Innovation to understand and solve our customers’ issues, whether the limitations or challenges are process, design or water-quality related.”

H2O Innovation is a complete water solutions company focused on water technologies and services, specialty products and operation and maintenance.

H2O Innovation (HEO) is up by 4.35 per cent and is currently trading at $2.40 per share as of 11:23 am ET.

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