Piedmont obtains nine FRP and coupling orders and signs five

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QUEBEC, August 03, 2021 (GLOBE NEWSWIRE) – (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation “or the” Company “) is proud to announce that its Piedmont business line, a world leader in corrosion-resistant equipment for desalination plants in the industrial and municipal markets, has secured new filter orders Fiber Reinforced Polyester (“FRP”) cartridge. Stainless steel duplex housings and fittings, totaling $ 4.0M. The team also signed five new Latin American Distribution Agreements (“LATAM”) .

In the last quarter of fiscal 2021, Piedmont was awarded the cartridge filter housing and FRP cartridge elements for a large-scale seawater reverse osmosis (“SWRO”) project in the Middle East with a total production capacity of 119 MGD (450,000 m3/ day) and another in South-East Asia with a capacity of 26 MGD (100,000 m3/daytime).

In addition, Piedmont has signed with five new distributors in Latin America and secured eight containers of flexible fittings and cartridge filter elements for local stock in the Latin American market through its existing and new distribution channels. “The recent addition of Alejandro Sturniolo to the H2The O Innovation family has really contributed to accelerate our growth in Latin America where it has been actively involved for 20 years. He and Piedmont Sales Manager Leo Tua Parra work extremely well together in this region, and we are delighted with their recent and predictable achievements ”, said Frédéric Dugré, President and CEO of H2Innovation. “The new distributors who have been added to the network have been carefully chosen because of their privileged position in their local market and their enthusiasm to represent the Piedmont brand which is now increasingly recognized for its impressive portfolio of references which includes several of the largest desalination. plants in the world. This enthusiasm materialized in immediate orders for multiple containers of our filtration products for local stock and supply. We are delighted to see this acceleration of our activity ”, added Alejandro Sturniolo, Global Head of Water Reuse and Strategic Partnerships at H2Innovation.

Forward-looking disclosures
Certain statements in this press release concerning the operations and activities of H2O Innovation and the Company’s other communications to the public which more generally describe management objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements relate to analysis and other information based on forecasts of future results, performance and achievements and the estimation of amounts that cannot yet be determined. These forward-looking statements, based on management’s current expectations, involve a number of risks and uncertainties, known and unknown, which may cause actual and future results, performance and achievements of the Company to differ materially from these statements. prospective. forward-looking statements. Information on the risk factors to which the Company is exposed is provided in the Annual Information Form dated September 23, 2020 available on SEDAR (www.sedar.com).

About Piedmont
Piedmont is a global leader in corrosion resistant equipment for desalination plants and meets critical customer demand for a wide range of applications in the industrial and municipal markets. For more information, visit www.piedmontpacific.com.

About H2Innovation
Innovation is in our name, and that’s what drives the organization. H2O Innovation is a comprehensive water solutions company focused on providing cutting-edge technologies and services to its customers. The Company’s activities are based on three pillars: i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to provide equipment and services to municipal and industrial water, wastewater and reuse of water, ii) Specialty Products (SP) is a collection of companies that manufacture and supply a full line of specialty chemicals, consumables and engineered products for the global water treatment industry. water, and iii) Operation and Maintenance (O&M) provides contractual operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor NYSE Euronext Growth Paris accepts responsibility for the adequacy or accuracy of the this release.

Source:
H2O Innovation inc.
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
[email protected]


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