H2O Innovation Inc. - HEOFF STOCK NEWS

H₂O Innovation Inc. (TSX: HEO) will release its financial results for Q3 2023 on May 11, 2023, at approximately 8:00 a.m. (EDT). A conference call for analysts and investors will follow at 10:00 a.m. (EDT), featuring a management presentation and Q&A session. Interested parties can access the call by dialing 1-888-396-8049 or 416-764-8646. H₂O Innovation focuses on water solutions through three main areas: Water Technologies & Services, Specialty Products, and Operation & Maintenance. Their goal is to simplify water management via innovative technologies and services.

H2O Innovation Inc. (TSX: HEO) announced the awarding of eight new water and wastewater treatment projects valued at $8.4M, boosting its Water Technologies & Services (WTS) backlog to $56.0M. Key projects include a 1.5 MGD ceramic ultrafiltration system for the Fort Berthold Indian Reservation in North Dakota, expected to deliver superior water quality with over 97% recovery. Another significant contract involves a 150 GPM treatment system for an electric vehicle manufacturer, set for completion by the end of 2023. Additionally, a 1.0 MGD seawater reverse osmosis system for a Latin American resort aims to provide energy-efficient desalinated water. The West End Water Treatment Plant in Montana will also receive an 18 MGD ultrafiltration system, projected to operate by 2025. CEO Frédéric Dugré emphasized the company’s commitment to delivering high-quality, tailored solutions.

H₂O Innovation announced that its Operation and Maintenance (O&M) business line won two prestigious awards, highlighting its commitment to excellence. The O&M contract with the City of Canton, GA, received the Gold Award from the Georgia Association of Water Professionals for the third consecutive year, recognizing outstanding service in safe drinking water delivery. Additionally, the contract with the Town of Warren, RI, earned the 2022 Platinum Award for Complete Permit Compliance from the Rhode Island Clean Water Association for the second year running. These accolades reflect the company’s strong performance and dedication to client satisfaction.

H2O Innovation Inc. has introduced a new cleaning-in-place method for cartridge filters using its Genesys-PWT membrane cleaners, aiming to reduce plastic waste in water treatment facilities. This innovation could prevent the disposal of millions of cartridge filters annually, aligning with sustainability goals. Key benefits include a reduction in operational expenses by up to 10 times and increased production capacity due to less downtime during filter replacements. This method enhances the performance of reverse osmosis plants while minimizing CO2 emissions. H2O Innovation continues to focus on sustainable water solutions.

H2O Innovation has collaborated with Fox City Brewing to create "Revival Lager," brewed using purified recycled water from Las Virgenes Municipal Water District. This initiative will be showcased at the 2023 WateReuse Symposium in Atlanta, GA, running from March 5th to 8th. The beer symbolizes sustainability, highlighting the potential of recycled water in crafting beverages. H2O Innovation's technology includes ultrafiltration and reverse osmosis systems used in the water treatment process. The project aims to meet nearly 20% of regional water needs and promote public acceptance of potable water reuse.