Quebec City, September 11, 2018 - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Corporation") is proud to announce that Utility Partners, LLC ("UP"), its business line providing operation and maintenance services ("O&M") in the United States, recently renewed two contracts. These contracts, valued at $24.3 M, bring the Corporation's O&M business backlog to $89.1 M.
Utility Partners renewed two municipal contracts in the state of Mississippi. The first contract is extended for a two-year period and implies a scope expansion, including an additional field crew to support the existing staff in day to day operations. The second is a renewal agreement with a long-standing customer for an additional year.
"With these two latest projects, our team has successfully renewed 100% of our expiring contracts since H2O Innovation's acquisition of Utility Partners in July 2016. We are very proud of our continued success, which showcases how we've maintained our quality of service provided to our customers during this transition phase. Combined to H2O Innovation, our service offerings are now more diversified and adapted to all types of customers", added Bill Douglass, Vice-President of the Operation & Maintenance division of H2O Innovation and Managing Director of Utility Partners.
About H2O Innovation
H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology for municipal, industrial, energy and natural resources end-users. The Corporation's activities rely on three pillars which are i) water and wastewater projects; ii) specialty products and services, including a complete line of specialty chemicals, consumables, specialized products for the water treatment industry as well as control and monitoring systems; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.
About Utility Partners
Utility Partners operates, maintains, and repairs water and wastewater treatment plants, distribution equipment and other water utilities for all of its municipal customers. It currently employs 360 employees for the operation of thirty-seven (37) utilities in two (2) Canadian provinces and eight (8) US states, mainly on the US Gulf coast, Southeast, Northeast (New England) and the West Coast. For more information, visit www.utilitypartnersllc.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 Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.
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Source:
H2O Innovation Inc.
www.h2oinnovation.com
Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com
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