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The Canadian H2O Innovation, Inc. (OTCQX: HEOFF) (CVE: HEO) is a leader in specific water and wastewater treatment solutions using membrane technologies. Thanks to its innovative, integrated water treatment systems its customer base includes municipal, industrial and commercial users. An essential segment in which the company excels is the ‘Project and Aftermarket sector’ which includes many water and wastewater projects and services. Furthermore, the company is specialized in applications for drinking water, water reuse, wastewater treatment, industrial process water and other specialized products for the water treatment industry.

PWT & Genesys chemicals

From membranes and filters to pumps, H20 Innovation also has a legion of special instruments and a complete line of PWT & Genesys chemicals. PWT and Genesys chemicals offer a complete line of anti-scalants and cleaning chemicals, specialty coagulants, biocides and other related products are key components in our successful service program for your system.

The company continues to expand

H2O Innovation provides operation and maintenance services for water treatment systems in North America. For over 20 years, the O&M team has openly and responsibly managed water and wastewater treatment plants, manages the Public Works Departments and maintains Collection and Distribution Systems. By 2020, the company has more than 275 facilities in use over 12 states and 2 Canadian provinces. In North America, H2O Innovation has installed more than 700 systems thanks to its expertise in membrane processes. The special products and services are currently offered in over 40 countries.

The company has previously operated in the United States, Canada and Mexico. From sewers, mines and water districts to industrial facilities, schools and water parks in Latin America. In addition, it had taken on a project in Egypt in 2015 to provide Bapetco with several trains with highly advanced oil and gas technologies. The Sousse Power Plant in Tunisia has also previously been one of its customers where two redundant mixed-bed trains with a capacity of 89 gpm were provided by the company for the purpose of generating electricity.

The financial overview

H2O Innovation’s latest earnings report ending on September 30, showed quarterly sales of $35 million with a net profit of $984,000. In 2019, a revenue of $28.22 million was recorded and the GAAP net loss was a whopping $1.03 million. Despite the pandemic, this year the company has good figures that have not only been noticed by the current shareholders and investors. The stock hit an all-time high of $1.76 this year with a low of $0.41. Currently H2O Innovation has an average volume of 71.37K.

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By Omar