Press releases

Read the latest information released by H2O Innovation.

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Ember Completes Acquisition of H2O Innovation

Québec City, December 8, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the completion of the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”).

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H2O Innovation Receives Final Order for Arrangement with Ember

Québec City, December 4, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that the Superior Court of Québec issued on December 1, 2023 a final order in connection with the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”).

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H2O Innovation’s Shareholders Approve Arrangement with Ember

Québec City, November 28, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that its shareholders (the “Shareholders”) have approved the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”).

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Maple Business Line Launches New Web Transactional Website

Quebec City, November 27, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Maple business line has launched a brand-new transactional website through which producers can now purchase maple syrup equipment.

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ISS and Glass Lewis Recommend H2O Innovation Shareholders to Vote FOR Plan of Arrangement

Québec City, November 20, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) have recommended shareholders to Vote FOR the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”).

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H2O Innovation Reports First Quarter Results – Gross Profit Margin Improvement and Strong Consolidated Backlog

Quebec City, November 14, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its financial results for the first quarter of its fiscal year 2024 ended September 30, 2023.

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H2O Innovation Expands its Offices to Consolidate Business Operations in Texas

Quebec City, November 13, 2023 – (TSX: HEO) H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it is relocating its Cypress and Spring Operation & Maintenance (O&M) offices into a single and larger industrial facility to better serve its clients and expand its market presence in the Houston area.

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H2O Innovation Announces Expiry of “Go-Shop” Period

Québec City, November 3, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the expiration of the 30-day “go-shop” period provided for in the arrangement agreement dated October 3, 2023 (the “Arrangement Agreement”) entered into in connection with the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”), an entity controlled by funds managed by Ember Infrastructure Management, LP, a New York-based private equity firm, of all of the issued and outstanding common shares in the capital of H2O Innovation (the “Shares”), other than the Shares to be rolled over by Investissement Québec, Caisse de dépôt et placement du Québec and certain key executives of the Corporation, for $4.25 in cash per Share, pursuant to a statutory plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act.

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H2O Innovation Will Release its Q1-FY2024 Financial Results

Quebec City, October 31, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the first quarter of fiscal year 2024 on Tuesday, November 14, 2023, at approximately 8:00 a.m. (EST).

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H2O Innovation Receives Interim Order and Files Management Information Circular in Connection with Special Meeting of Shareholders

Québec City, October 30, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that the Superior Court of Québec (the “Court”) issued on October 27, 2023 an interim order (the “Interim Order”) in connection with the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”), an entity controlled by funds managed by Ember Infrastructure Management, LP, a New York-based private equity firm, of all of the issued and outstanding common shares in the capital of H2O Innovation (the “Shares”), other than the Shares to be rolled over by Investissement Québec, Caisse de dépôt et placement du Québec and certain key executives of the Corporation (collectively, the “Rollover Shareholders”), for $4.25 in cash per Share, pursuant to a statutory plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act.

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H2O Innovation Announces Meeting Updates

Québec City, October 20, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) has announced the meeting and record dates for the special meeting of shareholders (the “Acquisition Meeting”) to be held in connection with the acquisition by Ember SPV I Purchaser Inc., an entity controlled by funds managed by Ember Infrastructure Management, LP, a New York-based private equity firm, of all of the issued and outstanding common shares in the capital of the Corporation (the “Shares”), other than the Shares to be rolled over by Investissement Québec, Caisse de dépôt et placement du Québec and certain key executives of the Corporation, pursuant to a statutory plan of arrangement (the “Arrangement”) in accordance with the Canada Business Corporations Act.

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H2O Innovation signs definitive agreement to be acquired by Ember alongside IQ, CDPQ and Management

Québec City, October 3, 2023 (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Ember SPV I Purchaser Inc. (the “Purchaser”), an entity controlled by funds managed by Ember Infrastructure Management, LP (“Ember”), a New York-based private equity firm, whereby the Purchaser will acquire all of the issued and outstanding common shares in the capital of H2O Innovation (the “Shares”), other than the Shares to be rolled over by Investissement Québec (“IQ”), Caisse de dépôt et placement du Québec (“CDPQ”) and the key executives of the Corporation (collectively, the “Rollover Shareholders”), for $4.25 in cash (the “Consideration”) per Share (the “Transaction”).

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H2O Innovation Adds $35.5 M of New O&M and WTS Projects, Showcasing Strong Client Retention and Growth Momentum

Quebec City, September 27, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Operation & Maintenance (O&M) business line obtained three new contracts and secured four renewals of existing contracts, while its Water Technologies & Services (WTS) business line was recently awarded five new contracts. The new and renewed business, with a total value of $35.5 M, increases the O&M backlog to $167.1 M and the WTS backlog to $83.1 M, bringing the consolidated backlog to $250.0 M.

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H2O Innovation Reports Fiscal Year 2023 Results – Maintained Growth Momentum and Strenghtened Financial Position

Quebec City, September 27, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its financial results for the fourth quarter and fiscal year ended June 30, 2023.

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Agri-Food Industry: Update on H2O Innovation’s Maple Business Line

Quebec City, September 19, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is providing an update on its Maple business line given challenging market conditions during the fiscal fourth quarter 2023. The Corporation is pursuing its strategy to diversify and expand its Maple business line within the agri-food market.

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H2O Innovation Will Release its Financial Results for the Fourth Quarter and Full Fiscal Year of 2023

Quebec City, September 13, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the fourth quarter and full fiscal year ended on June 30, 2023 on Wednesday, September 27, 2023, at approximately 8:00 a.m. (EDT). The Corporation will also host a conference call, on the same day, at 10:00 a.m. (EDT).

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Four New Projects Add $13.6 M to H2O Innovation’s WTS Backlog

Quebec City, September 6, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business line was recently awarded four new contracts, including two industrial and two municipal projects. These new contracts, driven by the increasing demand for water treatment systems and the uniqueness of H2O Innovation’s FiberFlexTM technology, amount to $13.6 M and increase the Corporation’s WTS backlog to $76.7 M, its highest value to date.

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Three New Water Treatment Projects Add $8.5 M to The WTS Backlog

Quebec City, August 23, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business was recently awarded three new water treatment projects, including drinking water, wastewater, and water reuse applications, totalling $8.5 M. These projects speak to the growing demands for water needs of all kinds and increase the WTS backlog to $64.0 M.

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PWT Obtains ISO 9001:2015 Certification for Specialty Chemicals Manufacturing Facility in California

Quebec City, August 14, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has recently obtained the ISO 9001:2015 certification for its PWT facility located in Vista, California, ensuring quality management in all processes around its specialty chemicals manufacturing.

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O&M Backlog Reaches $130.1 M with New Contracts and Renewals as H2O Innovation Consolidates Brand

Quebec City, August 8, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce the successful award of two new contracts for industrial clients as well as the extension of three existing contracts for the operation and maintenance (O&M) of water and wastewater treatment systems. These projects, with a combined annual value of $4.6 M, bring the Corporation’s O&M backlog to $130.1 M, further solidifying its position in the industry.

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H2O Innovation Provides Emergency Drinking Water Expansion

Quebec City, August 1st, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it has provided its support to a community in Northern Alberta by expanding their emergency drinking water supply within a few weeks only.

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H2O Innovation Officializes the Launch of its Mobile Fleet and Increases Blue Loan Credit Facility by $10 M to Support it

Quebec City, July 13, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to launch its mobile fleet of water and wastewater treatment systems and secure three new leasing contracts totalling $3.4 M. This new service offering will require CAPEX investment, which is made possible by the recent agreement with National Bank of Canada on June 30, 2023. This agreement led to a $10 M increase in the Corporation’s Blue Loan credit facility, which now stands at $75 M. This strategic initiative should enable H2O Innovation to broaden its range of services, strengthen its customer relationships through the sale of consumables required to operate the fleet assets, and thus improve its profit margins.

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H2O Innovation Awarded Six New Water Treatment Projects, Totalling $9.4 M

Quebec City, June 28, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business line was recently awarded six new water treatment projects. These new contracts, with a total value of $9.4 M, increase the WTS backlog to $62.1 M.

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H2O Innovation Secures Large Orders and Breaks into Israeli Market

Quebec City, June 8, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that it has recently received two large coupling orders and that it is experiencing a breakthrough in the Israeli desalination market. These new milestones demonstrate continued momentum with the Corporation’s growth over the last year and support its efforts towards providing its clients with sustainable solutions for pretreatment in desalination and reuse.

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H2O Innovation Awarded New O&M Contracts and Renews Existing Contracts, Amounting to $5.4 M

Quebec City, May 16, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has recently been awarded three new operation and maintenance (O&M) service contracts and has extended seven existing contracts. These projects have a total value of $5.4 M, bringing the Corporation’s O&M backlog to $147.7 M.

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H2O Innovation Reports Third Quarter Results Momentum – Maintained on Revenue Growth

Quebec City, May 11, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its financial results for the third quarter of its fiscal year 2023 ended March 31, 2023.

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H2O Innovation Will Release its Q3-FY2023 Financial Results

Quebec City, April 27, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the third quarter of fiscal year 2023 on Thursday, May 11, 2023, at approximately 8:00 a.m. (EDT).

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H2O Innovation Awarded $8.4 M of New Water and Wastewater Projects

Quebec City, April 6, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business line has recently been awarded eight new water and wastewater treatment projects, including six industrial projects. These new contracts, with a total value of $8.4 M, increase the WTS backlog to $56.0 M.

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H2O Innovation’s O&M Business Line Receives Recognition Awards

Quebec City, March 30, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that its Operation and Maintenance (O&M) business line has received two recognition awards, which speak to the team’s continued dedicated service and great performance.

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H2O Innovation Proposes Innovative Cartridge Filter Cleaning Solution

Quebec City, March 28, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has successfully performed a cleaning-in-place for cartridge filters at a water treatment facility using its Genesys-PWT membrane cleaners. This new cleaning method could prevent water treatment facilities from disposing of millions of cartridge filters each year, thereby helping them reduce their plastic waste and achieve their sustainability objectives.

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H2O Innovation and the WateReuse Association Create a Beer Made from Purified Recycled Water

Quebec City, March 2, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to sponsor a beer developed in collaboration with Fox City Brewing made with purified recycled water from Las Virgenes Municipal Water District (LVMWD). Attendees of the 2023 WateReuse Symposium will be offered the opportunity to taste the beer, which is called Revival Lager. The event will be held in Atlanta, GA, from March 5th through the 8th, 2023.

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H2O Innovation Announces the Appointment of a New Board Member

Quebec City, February 15, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the appointment of Mr. Leonard F. Graziano as a member of its Board of Directors, effective on February 13, 2023. Mr. Graziano has been serving on H2O Innovation’s Strategy, Innovation and Large Projects Committee (the “Strategy Committee”) as an external advisor for the last six years.

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H2O Innovation Reports Second Quarter Results – Sustained Revenue Growth Driven by 27% Organic Growth

Quebec City, February 14, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces its financial results for the second quarter of its fiscal year 2023 ended December 31, 2022.

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H2O Innovation Awarded New O&M Contract and Renews Existing Contracts, Amounting to $7.1 M

Quebec City, February 8, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has recently been awarded a new operation and maintenance (O&M) service contract and has extended three existing contracts. These projects have a total value of $7.1 M, bringing the Corporation’s O&M backlog to $149.6 M.

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H2O Innovation Awarded $5.5 M of New Water and Wastewater Treatment Projects

Quebec City, February 1, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business line has recently been awarded five new water and wastewater treatment projects, including four industrial projects. These new contracts, with a total value of $5.5 M, increase the WTS backlog to $54.8 M.

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H2O Innovation Will Release its Q2-FY2023 Financial Results

Quebec City, January 31, 2023 – (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the second quarter of fiscal year 2023 on Tuesday, February 14, 2023, at approximately 8:00 a.m. (EST).

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