H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has recently extended two Operation and Maintenance (O&M) contracts and has been awarded new projects in Texas. These renewals and contracts, with a total value of $9.0 M, bring the Corporation’s O&M backlog to $137.4 M.
“Growth is the lifeblood of any organization, so we are excited about the new opportunities in the Southwest Region. These new contracts will see H2O Innovation operate several water and wastewater utilities and service residential and commercial customers for an initial term of two years. At the same time, renewing contracts with the City of Canton, Georgia, and the City of Littleton, New Hampshire, is in keeping with our plan of building long-term relationships with our clients. Our O&M partnership with the City of Canton began in 2006 and has evolved significantly considering the tremendous growth of the city over the last years,” said Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.
Certain statements set forth in this press release regarding the operations and the activities of H2O Innovation as well as other communications by the Corporation to the public that describes more generally management objectives, projections, estimates, expectations, or forecasts may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements concern analysis and other information based on forecast future results, performance and achievements, and the estimate of amounts that cannot yet be determined. Those forward-looking statements, based on the current expectations of management, involve a number of risks and uncertainties, known and unknown, which may result in actual and future results, performance, and achievements of the Corporation being materially different than the said forward-looking statements. Information about the risk factors to which the Corporation is exposed is provided in the Annual Information Form dated September 27, 2021 available on SEDAR