H2O Innovation Signs a New Operation and Maintenance Contract Worth $10.4 M
20 Luglio 2021 - 2:00PM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is proud to announce it has recently been awarded an
Operation and Maintenance (“O&M”) contract for the City of
Laurel, MS (the “City”) with a total value of $10.4 M over 4 years,
bringing the Corporation’s O&M sales backlog to $83.2 M.
This contract was awarded as part of a call for tenders that the
City launched with the aim of privatizing some of its public
services.
This new agreement includes O&M services for
the upkeep of Laurel’s streets and drainage systems and repairs of
its municipal fleet. As part of the contract, the Corporation will
welcome 33 new employees as of August 1st, 2021, who are
currently working for the City, to ensure seamless performance on
the contract requirements.
“The City of Laurel is approximately 100 miles
north of our main O&M office in Gulfport, MS and will be
supported by our other public works employees in the region. We are
really excited to expand our O&M presence in Southern
Mississippi and are grateful that the City has chosen to put their
trust in our team”, stated Gregory Madden, Chief Strategy
Officer of H2O
Innovation.
Prospective disclosuresCertain
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 Corporation 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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