H2O Innovation Inc. - HEOFF STOCK NEWS

H2O Innovation will release its financial results for Q4 and full fiscal year ending June 30, 2021, on September 28, 2021, at 8:00 a.m. EDT. A conference call will follow at 10:00 a.m. EDT, where management will present the results and address questions from investors and analysts. The call will include a slide presentation available on the company's website. H2O Innovation specializes in comprehensive water solutions through its three main pillars: Water Technologies & Services, Specialty Products, and Operation & Maintenance.

H₂O Innovation has announced that its specialty chemical business will supply antiscalant to the Taweelah desalination plant, the world’s largest seawater reverse osmosis facility located in the UAE. The company’s product, SpectraGuard^TM 100, was selected after a competitive bidding process due to its effectiveness in inhibiting scaling and fouling. This contract follows a previous agreement where H₂O Innovation provided fiberglass reinforced plastic filter housings. The collaboration aims to enhance the operational efficiency of the desalination process.

H2O Innovation announced new orders worth $4.0 million for fiber reinforced polyester cartridge filter housings and duplex stainless couplings for desalination plants. The Piedmont business line secured contracts for projects in the Middle East and Southeast Asia with a total production capacity of 145 MGD. Additionally, five new distribution agreements were signed in Latin America, enhancing local stock with eight containers of filtration products. This growth is supported by Alejandro Sturniolo's leadership, marking an acceleration in business activities and brand recognition.

H2O Innovation has announced six new capital equipment projects valued at $4.8 million, increasing its Water Technologies & Services (WTS) backlog to $34.8 million. The projects include containerized water treatment systems for a renewable ethanol producer in Canada and two systems for worker camps in Quebec, utilizing advanced technologies such as reverse osmosis and nanofiltration.

Additionally, a SILO™ wastewater treatment system for Clorox in Kentucky will be delivered in early 2022. The company recently completed six other projects, showcasing its capacity to address customer challenges effectively.

H₂O Innovation has secured a 4-year Operation and Maintenance (O&M) contract valued at $10.4 million from the City of Laurel, MS, increasing its O&M sales backlog to $83.2 million. The contract involves maintenance of the city's streets and drainage systems and will create 33 new jobs as the corporation transitions employees from the city. This expansion strengthens H₂O Innovation's presence in Southern Mississippi and aligns with its commitment to providing comprehensive water solutions.

H₂O Innovation Inc. announced the formation of the H₂O Innovation Specialty Chemicals Group from its PWT^TM and Genesys® divisions, effective July 1, 2021. The company aims to enhance sales and manufacturing capabilities, particularly in its Cheshire (UK) facility, where expansion is expected to almost double warehouse capacity. Key appointments include Steve Chesters as Vice President and Managing Director. The new organization will leverage combined expertise to offer a broader range of products, targeting growth in high-potential regions like Southeast Asia.

H2O Innovation has secured a $5.0 million Operations and Maintenance (O&M) contract for the wastewater treatment facility in Warren, Rhode Island, bringing its O&M sales backlog to $71.3 million. The contract, awarded after a competitive RFP process, will span five years and will add six employees to the O&M team. It begins on July 1, 2021, marking a strategic expansion in the Northeast US for the company. Gregory Madden, Chief Strategy Officer, expressed excitement over the opportunity, emphasizing their team's familiarity with the area.

H₂O Innovation is the main sponsor of the Oh shit! exhibition at the Musée de la Civilisation in Quebec City, running from June 17, 2021, to March 26, 2023. The exhibition aims to educate the public on the social history of feces and its potential uses. H₂O Innovation will highlight innovative wastewater recycling technologies, including the controversial "toilet-to-tap" method, which could transform water usage. With over 25 water reuse systems delivered, the company was named Water Company of the Year in 2020, marking a significant achievement in the water treatment industry.

H₂O Innovation Inc. (TSXV: HEO) has been nominated for the Out of Quebec Outreach prize at the Fidéïdes 2021 Gala, scheduled for November 3. This prestigious recognition highlights the company's exceptional performance, particularly its international outreach despite the pandemic. H₂O Innovation has also won the Water Company of the Year award and completed two acquisitions abroad. The company exports to over 75 countries, underscoring its commitment to innovative water solutions and addressing global water challenges.