Press releases

H2O Innovation Builds Momentum, Signing $3.2 M in New Industrial and Wastewater Contracts[1]

Quebec City, January 18, 2021 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce it was awarded the engineering contract on a capital equipment project for the largest electric vehicle manufacturer in the US, as well as four new municipal and industrial capital equipment projects. These new contracts, totaling $3.2 M, will bring the Corporation’s Water Technologies & Services (“WTS”) sales backlog to $37.1 M.

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H2O Innovation: Piedmont Secures Three Large FRP & Coupling Orders and Signs Two New Distribution Agreements[3]

Quebec City, December 16, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its business line Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, secured three large orders for fiber reinforced polyester (“FRP”) cartridge filter housings and duplex stainless couplings, totalling $3.3 M. The team also signed two new distribution agreements in new geographies.

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H2O Innovation Presents its 3-Year Strategic Plan[5]

Quebec City, December 8, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to present its first 3-year strategic plan aligning its long-term vision with key strategic objectives. These objectives and their progress over time will be regularly communicated to key stakeholders to ensure proper alignment at all levels within the framework of the 3 year strategic plan.

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H2O Innovation: Utility Partners Renews Two Operation and Maintenance Contracts[7]

Quebec City, July 14, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that Utility Partners, LLC (“UP”), its business line dedicated to operation and maintenance services (“O&M”) in North America, recently renewed two (2) O&M contracts. These contracts, with a total value of $4.3 M, bring the O&M backlog to $87.4 M.

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H2O Innovation Expands Texas O&M Business Platform with Gulf Utility Service, Inc. Acquisition[9]

Quebec City, July 2, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce the acquisition of Gulf Utility Service, Inc. (“GUS”), a company offering complete operation, maintenance and management services to water and wastewater infrastructures for different type of clients such as municipalities, municipal utility districts (commonly known as MUD) and public water systems in the State of Texas (United States).

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H2O Innovation Secures 3 New Projects, Totaling $5.8 M[11]

Quebec City, June 23, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce it was awarded three (3) new projects in North America. These new contracts, totaling $5.8 M, will bring the Corporation’s project sales backlog to $35.9 M.

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H2O Innovation: PWT Shows 95% Growth From Last Year in MEA Region[13]

Quebec City, June 11, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, PWTTM, a leading provider in specialty chemicals for membrane filtration, experienced 95% sales growth in the Middle East & Africa (“MEA”) and strengthened its presence in the region by appointing more than 10 new distributors over the last year.

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H2O Innovation Provides an Update on the COVID-19 Situation and Eases its Salary Reductions[15]

Quebec City, May 7, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to provide a new update following its March 31 press release in response to the current situation surrounding COVID-19. Given the Corporation’s good financial health, the management has decided to ease its extraordinary salary reduction measures. In addition, the Corporation is preparing to resume its manufacturing activities for its Maple and Projects business lines, due to upcoming deliveries and the reopening of various construction sites.

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H2O Innovation, in Partnership with the CAWST Organization, Sets Up a Humanitarian Aid Program among its Employees[17]

Quebec City, February 27, 2020 – (TSXV: HEO) – H2O Innovation is proud to announce the success of its very first humanitarian aid program, in which two of its employees were sent to Zambia last November to raise awareness and educate communities on water and sanitation. The company, which positions itself as a leader in avant-garde ESG (Environment, Social, Governance) practices and policies, has deployed this audacious humanitarian initiative as part of a global approach integrating socially responsible management practices.

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H2O Innovation Nominated in Two Important Categories at the Global Water Awards, including Water Company of the Year[19]

Quebec City, February 24, 2020 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce its nomination in two important categories at the Global Water Awards 2020, presented by Global Water Intelligence (GWI) in Madrid, Spain, on March 30. The Corporation qualified among the finalists for Water Company of the year (the highest honor in the water treatment industry) as well as for Project of the Year, for its project with the City of Montevina, in California.

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H2O Innovation Named to 2020 OTCQX Best 50[21]

Quebec City, January 28, 2020 – (TSXV: HEO, OTCQX: HEOFF) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce it has been named to the 2020 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

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H2O Innovation Announces Completion of the Acquisition of Genesys[23]

Québec City, November 15, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to report the completion of the previously announced acquisition, on October 28, 2019, of Genesys Holdings Limited, Genesys Manufacturing Limited, Genesys International Limited and Genesys North America, LLC (collectively “Genesys”), a UK privately-owned group of companies specializing in the development and manufacturing of specialty chemicals dedicated to water treatment, at a purchase price of £16.95 M ($28.39 M).

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H2O Innovation Completes $22 M Equity Offering[25]

Québec City, November 14, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to report the closing of its previously announced equity offering of aggregate amount of $22 M, which combines a $8 M brokered private placement and a $14 M overnight marketed public offering. BDC Capital Inc., Caisse de dépôt et placement du Québec and Investissement Québec, insiders of the Corporation, have subscribed in the brokered private placement.

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H2O Innovation: Utility Partners Renews Three (3) O&M Contracts, totaling $30.1 M[27]

Quebec City, November 5, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce Utility Partners, LLC (“UP”), its business line providing operation and maintenance services (“O&M”) in North America, recently renewed three (3) contracts. These contracts, valued at $30.1 M, bring the Corporation’s O&M business backlog to $112.8 M.

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H2O Innovation Announces Pricing of Overnight Marketed Financings[29]

Québec City, October 29, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce the pricing of its previously announced overnight marketed public offering (the “Public Offering”), whereby it will enter today into an underwriting agreement (the “Underwriting Agreement”) with a syndicate of underwriters co-led by Desjardins Capital Markets and Canaccord Genuity Corp. (the “Co-Lead Underwriters”) and including Acumen Capital Finance Partners Limited, Beacon Securities Limited, Industrial Alliance Securities Inc. and Haywood Securities Inc. (collectively, the “Underwriters”) to sell 13,335,000 subscription receipts of the Corporation (the “Subscription Receipts”) at a price of $1.05 per Subscription Receipt for an aggregate gross proceeds of approximately $14.0 M, exclusive of the Over-Allotment Option described below.

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H2O Innovation Expands its Specialty Products Business Pillar and Builds One of the Largest Global Specialty Chemicals Distribution Networks by Acquiring Genesys, and Announces an Equity Offering of Subscription Receipts of at least $22.0 M[31]

Quebec City, October 28, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces it has entered into a binding sale and purchase agreement (the “Acquisition Agreement”) pursuant to which H2O Innovation, through a wholly-owned UK subsidiary, will acquire, from arm’s-length third parties, Genesys Holdings Limited and its subsidiaries, Genesys Manufacturing Limited, Genesys International Limited and Genesys North America, LLC (collectively “Genesys”), a group of privately-owned companies based in the United Kingdom that develop, manufacture and distribute speciality reverse osmosis (RO) membrane chemicals, antiscalants, cleaners, flocculants and biocides (the “Acquisition”).

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H2O Innovation: Utility Partners Renews Five (5) O&M Contracts, totaling $5.6 M[33]

Quebec City, October 1st, 2019 – (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 North America, recently renewed five (5) contracts. These contracts, valued at $5.6 M, bring the Corporation’s O&M business backlog to $85.5 M.

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H2O Innovation: Piedmont Secured Eight (8) Major Orders for New Desalination Plants and Positions Itself Strategically in the Market[35]

Quebec City, July 24, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, secured during the fourth quarter of the fiscal year 2019 a record number of orders. Piedmont received orders from eight (8) medium-to-large scale desalination projects, with flow capacities ranging between 50,000 to 500,000 m3/day, for both its coupling and fiberglass (“FRP”) filter housing product lines.  

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H2O Innovation: Piedmont Launches Its New Product Line of Disc and Screen Self-Cleaning Filters[37]

Quebec City, May 6, 2019 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently launched a new product line of disc and screen self-cleaning filters. Depending on the model and size of the project, the scope of supply could be anywhere from $6,500 to $1.5 M.

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H2O Innovation’s delivers significant first quarter adjusted EBITDA growth of 115.1% over last year[39]

Quebec City, November 13, 2018 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its financial results for the first quarter of fiscal year 2019 ended September 30, 2018. Consolidated revenues from our three business pillars for the three-month period ended on September 30, 2018 increased by $1.8 M or 7.7%, to reach $24.4 M compared to $22.6 M for the comparable quarter of previous fiscal year.

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H2O Innovation: Piedmont Secures Large Orders and Releases New Products[41]

Quebec City, October 11, 2018 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce its independent subsidiary, Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently secured large orders for its coupling and FRP cartridge filter housing product lines.

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H2O Innovation: Piedmont expands its global distribution network and wins major contracts[43]

Quebec City, April 19, 2018 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that its independent subsidiary Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets, recently signed new distribution agreements and won new contracts for its coupling and FRP cartridge filter housing product lines.

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H2O Innovation: Utility Partners expands its O&M activities in Texas[45]

Quebec City, January 31st, 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 won its first O&M contract in Texas.

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H2O Innovation: PWT(TM) and Piedmont announce the addition of 9 new distributors[47]

Quebec City, November 29, 2017 – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce the execution of nine (9) new distribution agreements, over the last twelve months, with its independent subsidiaries PWTTM, a leading provider in specialty chemicals for membrane filtration, and Piedmont, a global leader in corrosion resistant equipment for desalination plants in the industrial and municipal markets.

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