H2O Innovation Increases its Presence in Latin America and its North American Focus on Water Reuse
03 Maggio 2021 - 2:00PM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce its continued expansion in
(“LATAM”), and increased efforts in the North American water reuse
market, executing on several key objectives from the Corporation’s
3-Year Strategic Plan.
In line with the recently announced acquisition
of Genesys Membrane Products S. L. (“GMP”), which added an office
for the Corporation in Santiago, Chile, H2O Innovation will
strengthen existing and generate new relationships with original
equipment manufacturers (“OEM”) in LATAM, a high growth potential
market. With Piedmont having recently signed Pavax as a new
distributor in Brazil, the Corporation’s Specialty Products pillar
has now over 20 distributors in LATAM. A Key Account strategy is
being implemented across all business lines and will improve market
access for the Corporation’s OEM partners in LATAM.
In the United States, the Biden Administration
has plans for a $110 B water infrastructure plan, a significant
portion of which will likely go towards water reuse equipment
improvements and upgrades. According to the President’s plan, $50 B
will go for investments in programs to help communities build
resilient land and water resources to tackle extreme weather
events, including programs to provide funding for the western
drought crisis by investing in water efficiency and recycling
programs (Source: WateReuse Association). H2O Innovation is
capitalizing on the momentum from this to develop a new digital
marketing strategy that focuses on its globally recognized
expertise in water reuse.
Tying these two initiatives together, H2O
Innovation recently hired Alejandro Sturniolo to fulfill the role
of Global Head of Water Reuse and Strategic Partnerships. He will
lead the Corporation’s intention to become a global leader in these
important markets. “We have known Alejandro for many years both
professionally and as a friend, and we are excited to have the
opportunity to bring him into the H2O Innovation family. With his
technical and commercial knowledge of the global water reuse
market, and his experience with equipment and consumables in Latin
America, he is perfectly positioned to help us grow in these
strategic areas. Moreover, his vision and passion fit well with our
strong company culture”, stated Frédéric Dugré,
President and CEO of H2O
Innovation.
Alejandro has been involved in the water
industry for the past 22 years and he currently serves as
Vice-President and board member for the International Desalination
Association (“IDA”) and Latin American Association of Desalination
and Water Reuse (“ALADYR”), two important Water Industry
associations. He successfully grew his own company, based in
Argentina and Brazil, into one of the most recognized Water System
Integrator in Latin America. Now based in Spain, he will help all
H2O Innovation business lines active internationally (mostly PWT,
Genesys & Piedmont) to increase their sales with existing and
new customers and distributors. In parallel, he will also spearhead
H2O Innovation global positioning as a leader in water reuse.
Prospective disclosures Certain
statements set forth in this press release regarding the activities
of H2O Innovation as well as other communications by the
Corporation to the public that describe more generally management
objectives, projections, estimates, expectations or forecasts may
constitute forward-looking statements within the meaning of
securities legislation. Forward-looking statements concern analysis
and other information based on forecast future results, performance
and achievements and the estimate of amounts that cannot yet be
determined. Those forward-looking statements, based on the current
expectations of management, involve a number of risks and
uncertainties, known and unknown, which may result in actual and
future results, performance, and achievements of the Company to be
materially different than the said forward-looking statements.
Information about the risk factors to which the Corporation is
exposed is provided in the Annual Information Form dated September
23, 2020 available on SEDAR (www.sedar.com).
About
H2O Innovation
Innovation is in our name, and it is what drives the organization.
H2O Innovation is a complete water solutions company focused on
providing best-in-class technologies and services to its customers.
The Corporation’s activities rely on three pillars: i) Water
Technologies & Services (WTS) applies membrane technologies and
engineering expertise to deliver equipment and services to
municipal and industrial water, wastewater, and water reuse
customers, ii) Specialty Products (SP) is a set of businesses that
manufacture and supply a complete line of specialty chemicals,
consumables and engineered products for the global water treatment
industry, and iii) Operation & Maintenance (O&M) provides
contract 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 TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the NYSE Euronext Growth Paris accepts
responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation Inc.
www.h2oinnovation.com Contact: Marc Blanchet
+1 418-688-0170 marc.blanchet@h2oinnovation.com
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