H2O Innovation: Utility Partners renews two operat
Post# of 301275
Quebec City, July 17, 2017 - (TSXV: HEO) - H 2 O Innovation Inc. ("H 2 O Innovation" or the "Corporation") is proud to announce that Utility Partners, LLC ("UP"), its business line providing operation and maintenance services ("O&M") in the United States, recently renewed a municipal contract and added a new project, totalling $3.7 M, which bring the Corporation's O&M business backlog to $55.1 M. UP also generated $1.2 M in cross-selling.
Utility Partners renewed a municipal operation and maintenance contract in the State of Mississippi for an additional five (5) years and won a new five-year contract for a municipality located in the State of Georgia. Finally, UP cross-sold membranes and blowers replacement, as well as chemicals from our PWT business line, for municipalities located in Massachusetts, Mississippi and New Hampshire.
"We are very proud of what UP has accomplished since its acquisition by H 2 O Innovation, just a year ago. In addition to being fully integrated into the Corporation's structure, all expiring contracts have been renewed, two new contracts have been won and several products have been successfully cross-sold. Utility Partners also enabled H 2 O Innovation to position itself in its network as a supplier of equipment and Design-Build-Operate systems", stated Frédéric Dugré, President and CEO of H 2 O Innovation.
About H 2 O Innovation H 2 O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology for municipal, industrial, energy and natural resources end-users. The Corporation's activities rely on three pillars which are i) water and wastewater projects; ii) specialty products and services, including a complete line of specialty chemicals, consumables, specialized products for the water treatment industry as well as control and monitoring systems; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com .
About Utility Partners Utility Partners operates, maintains, and repairs water and wastewater treatment plants, distribution equipment and other water utilities for all of its municipal customers. It currently employs 360 employees for the operation of thirty-nine (39) utilities in seven (7) US states, mainly on the US Gulf coast, Southeast, Northeast (New England) and the West Coast.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.
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Source: H 2 O Innovation Inc. www.h2oinnovation.com Contact: Marc Blanchet +1 418-688-0170 marc.blanchet@h2oinnovation.com
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