Operation and Maintenance Contract Renewed in Georgia, USA

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All amounts in Canadian dollars, unless otherwise indicated.

QUEBEC CITY, June 23, 2022 (GLOBE NEWSWIRE) — H2O Innovation Inc. (“H2O Innovation” or the “Company”) is proud to announce that it recently renewed the Operations, Management and Maintenance (“O&M”) contract with Monroe County, Georgia, USA, for an additional period of five years. This contract, valued at $3.3 million, brings the Company’s O&M backlog to $131.5 million. This renewal includes annual increases in the Consumer Price Index (CPI) and the addition of an employee.

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Monroe County is a longtime customer of H2O Innovation and is considered one of the fastest growing communities in Central Georgia, now serving over 3,800 customers. The team in charge of this contract worked diligently to manage this growth, which allowed the Company to renew, once again, the O&M contract for this municipality.

“We are excited about this O&M contract renewal in Monroe County, which strengthens our presence in the state of Georgia, where we also have three other customers. From repairing water leaks to maintaining the distribution system, our team has made the difference with its unparalleled customer service. said Frédéric Dugré, Chairman and CEO of H2O Innovation.

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Forward-looking disclosures
Certain statements contained in this press release regarding the operations and activities of H2O Innovation and the Company’s other communications to the public more generally describing management’s objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of securities laws. These forward-looking statements include, but are not limited to, the effects of the integration of acquired businesses, the ability to realize projected synergies and the ability to maintain the distribution network. Forward-looking statements relate to analysis and other information based on expected future results, performance and achievements and the estimate of amounts that cannot yet be determined. These forward-looking statements, which are based on management’s current expectations, involve a number of known and unknown risks and uncertainties that could cause the actual and future results, performance and achievements of the Company to be materially different from such forward-looking statements. – look at the statements. Information on the risk factors to which the Company is exposed is provided in the annual information form dated September 27, 2021 available on SEDAR (www.sedar.com).

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About H.2O Innovation
Innovation is in our name, and it’s what drives the organization. H2O Innovation is a complete 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 water reuse, (ii) Specialty Products (SP) is a collection of companies that manufacture and supply a full range of specialty chemicals, consumables and engineered products for the global process industry water, and (iii) Operation & Maintenance (O&M) provides contracted operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.

Source:
H2O Innovation Inc.
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com

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