O&M Backlog Reaches $130.1 M with New Contracts and Renewals as H2O Innovation Consolidates Brand
All amounts are in Canadian dollars unless otherwise stated.
The first new project is for an industrial workers’ camp located in northern
The second new project is for a manufacturing and distribution client located in the Hudson Valley, in the
These developments come on the heels of the Corporation’s July 1, 2023, rebranding of two recently acquired businesses, JCO Inc. (JCO) and Environmental Consultants, L.L.C. (EC), under the H2O Innovation brand. This strategic move further consolidates the Corporation’s position in the market and enhances its ability to deliver comprehensive and innovative water and wastewater management solutions. As part of its growth strategy, the Corporation acquired JCO and EC in December 2021. By rebranding these businesses, the Corporation aims to streamline its operations, unify its brand identity, and capitalize on the collective strengths of its O&M business.
"This rebranding marks an exciting milestone, as we continue to strengthen our position as a leading player in water and wastewater treatment operations and maintenance," added Frédéric Dugré. "The integration of JCO and EC under the H2O Innovation brand allows us to provide our clients with a comprehensive and diversified portfolio of solutions to address their unique water management challenges." Customers can expect a seamless transition as all business operations and communications now operate under the H2O Innovation name.
Prospective Disclosures
The information and statements contained in this press release and in other Corporation’s oral and written public communications regarding the Corporation’s business and activities and/or describing management’s objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of the applicable securities legislation. Forward-looking statements include the use of words such as “anticipate,” “if,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” and other similar expressions, as well as those usually used in the future and the conditional, although not all forward-looking statements include such words. H2O Innovation would like to point out that forward-looking statements involve a number of uncertainties, known and unknown risks and other factors which may cause the actual results, performance or achievements of the Corporation, or of its industry, to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Major factors that may lead to a material difference between the Corporation’s actual results and the projections or expectations set forth in the forward-looking statements include, without limitation, the execution and performance of the services described in the O&M contracts, in a timely manner and without additional costs, considering the challenges resulting from the labor shortage and the inflation rate on good and services, the creation of synergies between the Corporation’s business pillars despite the competitive environment in which it operates, the successful integration of previously acquired businesses and such other risks as described in the Corporation’s Annual Information Form dated September 27, 2022, which is available on SEDAR (www.sedar.com). The forward-looking information contained in this press release is based on information available as of the date of the release and is subject to change after this date. Unless otherwise required by the applicable securities laws, H2O Innovation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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.
Source:
H2O Innovation Inc.
www.h2oinnovation.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20230808329574/en/
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com
Source: H2O Innovation Inc.