OVIVO Stock

The Energy and Electronics segments of Montreal water treatment company Ovivo Inc. (TSX:OVI) have been awarded two contracts with a combined C$21 million value, one in the United States and the other in China. The Ovivo Energy group's contract is to supply two complete intake screening plants for a pumping station on the East Coast of the United States, through its heritage brand Brackett Green. Ovivo's Electronics group will design and supply an ultrapure water system for a thin-film-transistor liquid-crystal display (TFT/LCD) manufacturer in China, which will reach ultrapure water requirements, and reduce chemical and water consumption at the same time. "We are delighted to be selected to execute these large orders in two key geographical markets for Ovivo,” said Ovivo President and CEO Marc Barbeau. “Our advanced technological water treatment solutions and our international platform provide us with clear competitive advantages to support our global clients with their projects across the world.” The Chinese ultrapure water system will be modular, to allow for future expansion, and is expected to be delivered in Q4 2017. The American project, which is scheduled for delivery in Q2 2018, will supply equipment that complies with the requirements of the Environmental Protection Agency Clean Water Act 316 (b) standard of 0.5 foot per second velocity through the water intake traveling screens. That project will also see Ovivo providing a fish return system, allowing fish to be collected and safely returned to the water source. Ovivo operates a global platform in over 15 countries, employing more than 800 people, providing equipment, technology and systems to produce the purest water available, and treatment of wastewater, for industrial and municipal markets. Ovivo has been working for over a year to simplify its business and focus on the municipal North American water treatment market, which promises growth owing to the need for municipalities to upgrade and replace infrastructure, while bringing it up to more stringent wastewater disposal legislation standards. Ovivo's Electronics group is part of a select group of companies, called the Facility 450 Consortium (F450C), collaborating on developing the next generation of silicon wafers, a process that requires large volumes of ultra-pure water. In February, Ovivo won a $20 million contract to build an ultrapure water (UPW) and wastewater treatment system for an American global semiconductor manufacturer. “This combined UPW and wastewater major contract awarded in the U.S. Electronics market follows large ones granted in Asia, and is a great example of our capacity to lead this highly sophisticated global market with the depth of our expertise and our smart technologies,” said Barbeau. Ovivo has been working on the largest membrane bioreactor (MBR) project in the United States, in Canton, Ohio, a six-year project that began construction in April 2014. And an Ovivo Condensate Polishing Plant (CPP) has been installed by South African state-owned electricity utility Eskom, which elected to build the world's largest air-cooled coal plant at their Medupi flagship power plant. https://www.youtube.com/watch?vwEtZudLEdpo&featureyoutu.be

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Montreal's Ovivo wins C$21 million Chinese and American water treatment contracts

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