- Water treatment company, H2O Innovation (TSXV:HEO) has won three new contracts, worth a combined total of approximately C$5.8 million
- One contract is to supply membrane filtration for the City of Pearland’s surface water treatment plant in Texas
- Another contract is for designing, building, and delivering a containerised reverse osmosis system for the City of Santa Monica
- The third project is installing a membrane bioreactor for the Ministry of Transportation of Quebec
- H2O Innovation (HEO) is up 3.92 per cent and is currently trading at $1.06 per share
Water treatment company, H2O Innovation (TSXV:HEO) has won three new contracts, worth a combined total of approximately C$5.8 million.
Two of the contracts are located in the United States, with the third located in Canada. The three new contract bring H2O’s project sales backlog to $35.9 million.
The first contract is for the City of Pearland in Texas, which has selected H2O as its membrane filtration system supplier. The company will supply its FiberFlex membrane filtration system to the City’s new surface water treatment plant.
H2O’s system will provide a net filtrate capacity of 10.2 million gallons of potable water per day. This will apply to the treatment of water from the American Canal, which is fed from the Brazos River.
H2O Innovation’s President and CEO, Frédéric Dugré, commented on the Pearland contract.
“Winning this project increases our footprint and commitment in Texas, a strategic market for H2O Innovation.
“Our commercialisation of the first open platform system, or as we call it, FiberFlex, has not only been successful and accepted, but is now the norm and preferred.
“We feel like we have gone beyond the gold standard,” he said.
The second contract is for City of Santa Monica in California, and its Sustainable Water Infrastructure Project (SWIP). H2O will design, build, deliver, and commission a containerised reverse osmosis system to treat stormwater, urban runoff and brackish groundwater.
The treatment will take place at the Santa Monica Urban Runoff Recycling Facility (SMURRF). This is the second contract which the company has signed with the City of Santa Monica for its SWIP program.
The third contract is for the Ministry of Transportation of Quebec (MTQ), which is currently replacing infrastructure at a highway rest stop in Lavaltrie.
The company will install a membrane bioreactor in a new service building, with the biorector’s permeate being recycled for toilet flushing.
H2O Innovation (HEO) is up 3.92 per cent and is trading at $1.06 per share at 2:17pm EDT.