TSXV: HEO
Alternext: MNEMO: ALHEO
OTCQX :
HEOFF
QUEBEC CITY, March 2, 2016 /CNW Telbec/ - (TSXV: HEO) –
H2O Innovation Inc. ("H2O Innovation" or the
"Company") is proud to announce its nomination for Water Technology
Company of the year, a major category in the 2016 Global Water
Awards, presented by the Global Water Intelligence (GWI) in
Abu Dhabi, on April 19th and 20th. The
Company is nominated among three giants of the water industry: GE
Water & Process Technologies, Danaher, and Suez. This award
recognizes the company that contributed most actively to technology
development in the water industry in 2015.
"H2O Innovation has proven that by combining
creativity, entrepreneurialism and dedication, a small company can
compete with the big players of the water industry. H2O
Innovation succeeded where larger companies have failed: it was
able to use smart technologies to create a bridge between systems
and chemical supplier, creating a virtuous circle based on a
greater understanding of the customer experience. This has led to
better product innovations and an increase in market shares",
according to the GWI.
The year 2015 was a busy one for the Company. It experienced a
40% increase of its revenues for the fiscal year 2015. This
significant increase is largely due to the rapid growth of its
technology portfolio allowing it to differentiate itself against
competitors and offer a more integrated customer offering that
combines project implementations, after-sale services and the sales
of recurring consumables products.
The most important catalyst was the launch of the
FiberFlexTM, an open platform technology developed by
H2O Innovation that allows interchangeability between
several types of microfiltration and ultrafiltration modules. Over
the past 18 months, more than 15 new projects using the
FiberFlexTM platform were secured, pushing the backlog
of the Company up to a record level of $50.8
M.
H2O Innovation has also developed smart solutions for
the operation of water treatment system plants by acquiring the
exclusive and patented technology Clearlogx®, which
controls precisely and continuously the coagulant supply of a
system, while simultaneously improving its overall efficiency.
Subsequently, H2O Innovation has deployed a remote
monitoring solution, SPMCTM, which provides access to
reports, controls systems and receives alarms regardless of where
the operator is located. Finally, the Company launched Prodose
XPRTTM, PWT's chemical dosing simulation software.
"We are extremely proud of this nomination and we take this
opportunity to thank all of our clients for bringing us this far.
The creativity, the leadership and the perseverance of our team
were also instrumental in this achievement. We invite all
subscribed readers of the Global Water Intelligence magazine and
the Water Desalination Report as well as the individual members of
the International Desalination Association (IDA) to vote, from
March 2 to April 6, for the company
that has most contributed, according to them, to the technological
advancement in the water treatment field", stated Frédéric
Dugré, President and Chief Executive Officer of H2O
Innovation.
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, energy and natural
resources end-users. Also, directly and through its affiliates,
H2O Innovation provides products and services
complementary to its membrane filtration and reverse osmosis
systems. These products consist of a complete line of specialty
chemicals, consumables and couplings. For more information, visit
www.h2oinnovation.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.
SOURCE H2O Innovation Inc.