H2O Innovation CEO on the California drought and record revenues in water treatment
May 28, 2015 — Frédéric Dugré, CEO and Director for H2O Innovation Inc. (TSXV: HEO | OTCQX: HEOFF) in an interview with InvestorIntel Publisher Tracy Weslosky discuss the current drought in California and how they are working with the world’s fourth largest water treatment plant in California, towards facilitating clean drinking water. Having just announced a third quarter in a row of record revenues, being profitable and with a positive EBITDA: they discuss how H2O Innovation is presently in 40 countries already and their focus on the immediate demand present in North America for water treatment systems.
Tracy Weslosky: I’m so delighted to speak to you because you have, of course, one of the most innovative companies on the entire stock market and we’re looking forward to seeing what you do next. Please tell InvestorIntel audience what H20 Innovation is.
Frédéric Dugré: Well, we are a system — a water treatment system designer. We design, manufacture and deliver water treatment systems or drinking water, wastewater solution and water reuse application. We do it mostly in North America, U.S.A. and Canada. Obviously now we’re seeing significant shift in the market.
Tracy Weslosky: Okay, not only do you have a ‘really cool technology’ in one of the most intriguing sectors in the entire world, you actually have revenue and you just put out your third quarter announcement. Can you talk to us about that?
Frédéric Dugré: Absolutely — it was among one of our greatest quarters. We just announced after 9 months, so third quarter in a row, $37 million dollar of revenues and we’re profitable as well with positive EBITDA. Only in 9 months we did more than what we did last year over 12 months.
Tracy Weslosky: If I heard you properly, we’ve got revenue, we have a profit, we have record earnings and your distribution is quite substantial. It’s my understanding you’re in 40 countries worldwide.
Frédéric Dugré: Correct. We distribute our specialty products around 40 countries through a network of approximately 80 distributors and agents.
Tracy Weslosky: In addition to that, you’re in California. I think it’s the fourth largest water treatment plant in the world. Is that correct?
Frédéric Dugré: Yes it is. Currently in California it’s a whole game currently changing. Not only people are facing drought, but they’re coming out with sustained investment to support new desalination and new water reuse plants.
Tracy Weslosky: Speaking of this, can you tell us more about what’s happening in California in the project that you’re working on there. Can you give us an update?
Frédéric Dugré: Currently in California they are facing a severe drought and we’re seeing the water tables depleting too fast. The government and all the different stakeholders in the state of California are looking for solutions to replenish these water tables and find ways to provide drinking water. Lately the government in California started to implement the first water reuse plant in California, it was installed back in 2006-2007. I was in Orange County. That was among the first water reuse projects we did. Essentially what’s happening over there is that we’re treating sewage water….to access the complete interview, click here
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Tracy Weslosky is the CEO for InvestorIntel Corp., a leading online source of investor information that provides public market coverage for investors for both investors ... <Read more about Tracy Weslosky>