QUEBEC CITY, March 19, 2008 -- H2O Innovation (2000) Inc. is pleased to announce the signing of four new contracts for the municipal and industrial markets in Canada and the United States. These new contracts add slightly more than CAD$3 million to the firm's backlog, which currently totals CAD$14.2M.
Industrial market
H2O's Alberta division, Sigma Environmental, has been awarded a contract by Primewest Energy Inc. to supply components and provide specialized on site services for the installation of a water treatment system. "The industrial market is currently experiencing significant growth in Western Canada. That is the main reason we acquired Sigma Environmental Solutions Inc. in Dec. 2007. H2O's positioning strategy for this sector opens the door to many potential projects," explains H2O President and COO Frédéric Dugré.
High demand for drinking water production systems, wastewater purification systems, and process water treatment units for the mining, oil, and gas sector has led H2O to diversify its customer base and turn its attention to this industrial market. H2O plans to improve its profit margins by increasing its commercial activities in this sector.
Municipal market
H2O's U.S. subsidiary, Membrane Systems Inc. (MSI) has been awarded two new contracts for the design and manufacture of drinking water production units. The first system installed in the Gila River Indian Community (GRIC) in Arizona will consist of three reverse osmosis units able to produce initially 5 million gallons of drinking water per day (MGD) with a potential capacity of up to 10 MGD.
MSI has also received a notice of award for the Mainland Water Treatment RO Expansion Project for Currituck County, North Carolina. The system initially designed and supplied by MSI in 2005 will be enhanced with two reverse osmosis units producing 1.5 MGD in order to meet increased demand for drinking water.
In addition, Indian and Northern Affairs Canada (INAC) has selected H2O to replace the outdated water treatment facilities of the Little Grand Rapids and Pauingassi native communities, both in Manitoba.
H2O Innovation's mission is to develop, manufacture and market innovative, environment-friendly products intended for drinking water production, wastewater treatment and industrial processes.
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