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About BluMetric Environmental Inc.
BluMetric Environmental Inc. (OTCQX: BLMWF) is a publicly traded environmental consulting and engineering company specializing in delivering sustainable solutions to complex water and environmental challenges. With over 45 years of expertise, BluMetric combines advanced cleantech engineering with a comprehensive suite of professional services, offering end-to-end solutions that address the diverse needs of its clients across various industries.
Core Business Areas
BluMetric operates at the intersection of environmental engineering and cleantech innovation, focusing on two primary domains:
- Environmental Consulting Services: The company provides expert consulting services, including environmental assessments, site remediation, and compliance advisory, ensuring clients meet regulatory standards while minimizing environmental impact.
- Water and Wastewater Treatment Systems: BluMetric designs, fabricates, and delivers advanced water and wastewater treatment technologies, including Sea Water Reverse Osmosis (SWRO) systems and Membrane Bioreactors (MBRs). These systems are tailored to address water scarcity, groundwater contamination, and wastewater management challenges.
Market Segments and Clientele
BluMetric serves a diverse range of clients, including:
- Commercial and Industrial: Providing solutions for manufacturing facilities, industrial operations, and private sector developments.
- Military: Supplying robust water purification systems and environmental services to defense organizations, including long-term partnerships with entities like the Canadian Department of National Defence.
- Mining: Addressing the unique environmental challenges of mining operations, particularly in remote and ecologically sensitive regions.
- Government: Partnering with municipal, provincial, and federal agencies to implement sustainable water and environmental infrastructure projects.
Geographical Reach and Expansion
Headquartered in Ottawa, Ontario, BluMetric operates across Canada, the United States, and the Caribbean. The company's acquisition of U.S.-based Gemini Water has significantly bolstered its manufacturing capabilities and market presence. With a new 25,000-square-foot manufacturing facility in Gainesville, Florida, BluMetric is poised to meet increasing demand for its water technologies, particularly in regions facing water scarcity and infrastructure challenges.
Competitive Positioning
BluMetric differentiates itself through its integrated approach, combining consulting expertise with proprietary water treatment technologies. Its focus on decentralized and resilient water solutions positions it as a key player in addressing the global challenges of water scarcity and environmental sustainability. The company's commitment to innovation and strategic growth, evidenced by its record order book and expanding manufacturing footprint, underscores its adaptability and market relevance.
Commitment to Sustainability
BluMetric's mission aligns with global sustainability goals, emphasizing the development of environmentally friendly and cost-efficient solutions. The company's expertise in cleantech engineering and its partnerships with Indigenous communities reflect a dedication to creating positive environmental and social impacts.
Conclusion
With a robust portfolio of services and technologies, a diverse client base, and a strategic focus on growth and innovation, BluMetric Environmental Inc. is well-positioned to address the evolving needs of the environmental and water sectors. Its expertise, adaptability, and commitment to sustainability make it a trusted partner for clients seeking reliable and innovative solutions to complex environmental challenges.
BluMetric Environmental (OTCQX: BLMWF) reported strong Q1 2025 financial results with revenue reaching $14.0 million, up from $8.5 million in Q1 2023. The company's Adjusted EBITDA increased to $1.3 million from $0.7 million year-over-year, while net earnings doubled to $0.4 million.
The quarter saw gross margin decrease to 33% from 42% due to increased component revenues from the St. Kitts and Nevis project through Gemini Water. The company secured $4.0 million through an oversubscribed offering and maintains a strong financial position with net cash of $3.7 million.
Notable developments include expansion of WaterTech operations with a new 25,000 sq ft manufacturing facility in Gainesville, Florida, doubling the workforce. The company achieved Partnership Accreditation in Indigenous Relations (PAIR) Committed status and was selected for an environmental cleanup project by First Nations government.
BluMetric Environmental (TSXV: BLM, OTCQX: BLMWF) has secured a CA$1.2 million contract to supply a Membrane Bioreactor wastewater treatment system in the Bahamas, following a previous CA$3.6 million Sea Water Reverse Osmosis system project. The new system will treat 60,000 gallons of wastewater daily for a private island development.
The company has also signed a lease for a new 25,000 square foot manufacturing facility in Gainesville, Florida, significantly expanding from its current 10,000 square foot space. This expansion accommodates the workforce growth following the Gemini Water acquisition and enables handling larger contracts. The existing facility will remain operational until June 2025 to ensure a smooth transition.
BluMetric Environmental (TSXV: BLM, OTCQX: BLMWF) has announced key appointments to strengthen its leadership team. Mohsen Mortada, currently Chief of Staff at the Metropolitan Water District of Southern California, will join the Board of Directors effective February 1, 2025, subject to TSX Venture Exchange approval.
The company has also made two strategic hires for its WaterTech business: Matthew Politzi as Director of Client Experience, bringing over 30 years of water treatment expertise and experience with 285+ water projects globally, and Kevin Wrubluski as Director of Operations, with 25+ years in sales and proven success in growing product lines to multimillion-dollar sales.
These appointments aim to enhance BluMetric's water and environmental solutions capabilities, with plans to establish an Operations and Maintenance division to promote customer success and introduce recurring revenue streams for Gemini Water.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) reported its fiscal year 2024 results, highlighting the recent acquisition of Gemini Water on September 24, 2024. Annual revenue slightly decreased to $34.8 million from $35.1 million in FY2023, while Q4 revenue increased to $11.1 million from $10.3 million. Gross margin improved to 40% for FY2024 compared to 35% in FY2023.
The company maintained Adjusted EBITDA at $2.0 million for FY2024, while net earnings decreased to $0.1 million from $0.5 million in FY2023. Working capital decreased to $5.5 million from $11.1 million, primarily due to the Gemini Water acquisition. The Military market showed significant growth of 75%, driven by water purification systems refurbishment and the Rheinmetall contract.
For FY2025, BluMetric plans to expand its U.S. manufacturing footprint in Gainesville, Florida, and execute on a record order book, including the Rheinmetall contract and the 2,000,000 GPD St. Kitts and Nevis project.
BluMetric Environmental has secured a CA$1.1 million contract to supply a Sea Water Reverse Osmosis (SWRO) system for a Tier 1 Cruise Line in the Bahamas. The system will provide 80,000 gallons per day of potable water, replacing an existing SWRO system. The project will be executed by BluMetric's recent acquisition, Gemini Water, with delivery and commissioning expected in 2025. Due to market demand, BluMetric is exploring expansion options for its Florida operations, aiming to double its manufacturing footprint. The company is currently working on multiple projects, including an active 2,000,000 GPD project in St. Kitts and Nevis.
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