H2O Innovation wins a water reuse project and two first

QUEBEC, 05 Oct 2021 (GLOBE NEWSWIRE) – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation ”or the“ Company ”) is pleased to announce that it recently won a water reuse project in California, two First Nations projects in Canada and another on a small scale. These contracts, with a total value of $ 9.9 million, bring the Water Technologies & Services (“WTS”) backlog to $ 41.2 million.

H2O Innovation will provide a water reuse system for a major customer located in Escondido, California. This project will integrate an ultrafiltration (“UF”) system followed by a reverse osmosis (“RO”) system. The UF will be designed to have a net filtrate production capacity of 2.5 MGD (9,460 m3/ day), while the RO has a permeate capacity of 2.0 MGD (7,570 m3/daytime). The system will treat tertiary effluent from the existing recycled water system to produce high purity recycled water which will be mixed with the existing recycled water supply and used for agricultural irrigation.

“Our growing experience in the application of membrane technology to safely reuse treated water is consistent with our continued focus in this market as part of our three-year strategic plan. California and much of the western United States have experienced one of the most severe droughts on record in recent years. Water reuse is essential to the development of a diverse and resilient water supply. With the recent U.S. Infrastructure and Jobs Act that plans to invest $ 1 billion in water recycling programs over the next five years, we believe we are well positioned to be a part of the future. of water reuse in North America ”, said Gregory Madden, chief strategy officer of H2Innovation.

The Company was also entrusted with the design and supply of a membrane bioreactor (“MBR”) system with an average daily flow rate of 50,000 gpd (189 m3/ day) for the Dene Tha ‘First Nation in northern Alberta (Canada). In addition to the supply of equipment, H2O Innovation will provide extensive training to the operations team at the customer’s site and an extended service contract to support the team for five years after the plant goes online.

“We believe in the importance of solving the water problems of our First Nations communities. H2O Innovation is proud to have built more than ten water and sewer plants for First Nations communities that are still in service today. Our business model promoting customer service and strong customer loyalty through high-end services, such as remote monitoring and training, is a key factor in the success of our First Nations projects ”, added Frédéric Dugré, President and CEO of H2Innovation.

The third project concerns the design and supply of a 457,000 gpd (1,730 m3/ day) membrane system treating surface water for a First Nations community located on the north shore of the Gouin reservoir in Quebec (Canada). The scope of the offer includes multimedia filtration pretreatment (“MMF”), followed by nanofiltration (“NF”) trains and ultraviolet (“UV”) radiation for disinfection. The treatment process will provide exceptional drinking water quality by removing all suspended solids and most dissolved organic matter. The Company will also provide a service contract for the operation of the plant, including remote monitoring with data acquisition and system analysis to ensure reliable operation and optimal processing performance.

The Company continues to work in partnership with First Nations communities to improve water and sewage infrastructure on reserve and expand access to clean drinking water. Reliable infrastructure is a key priority for Indigenous Services Canada. As of March 31, 2021, $ 2.05 billion in targeted funds have been invested to support water and wastewater infrastructure projects (Source: Government of Canada). There is still work to be done on the remaining 53 long-term drinking water advisories in 34 First Nations communities, and the Company has the expertise to help address these issues.

Forward-looking disclosures
Certain statements in this press release concerning the operations and activities of H2O Innovation and the Company’s other communications to the public which more generally describe management objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements relate to analysis and other information based on forecasts of future results, performance and achievements and the estimation of amounts that cannot yet be determined. These forward-looking statements, based on management’s current expectations, involve a number of risks and uncertainties, known and unknown, which may cause actual and future results, performance and achievements of the Company to differ materially from these statements. prospective. forward-looking statements, such as the Company’s ability (i) to execute, complete or deliver these projects, on a timely basis and at no additional cost, primarily due to challenges resulting from the global supply chain and the Covid-pandemic 19, and (ii) seize new opportunities and projects despite the significant investments expected from governments and other local authorities in water recycling programs and infrastructure projects related to water and wastewater. Information on the risk factors to which the Company is exposed is provided in the Annual Information Form dated September 27, 2021 available on SEDAR (www.sedar.com).

About H2Innovation
Innovation is in our name, and that’s what drives the organization. H2O Innovation is a comprehensive water solutions company focused on providing cutting-edge technologies and services to its customers. The Company’s activities are based on three pillars: i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to provide equipment and services to municipal and industrial water, wastewater and reuse of water, ii) Specialty Products (SP) is a collection of companies that manufacture and supply a full line of specialty chemicals, consumables and engineered products for the global water treatment industry. water, and iii) Operation and Maintenance (O&M) provides contractual operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.

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

Source:
H2O Innovation inc.
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
[email protected]

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