Ovivo Awarded $8 Million Contract for Water Treatment Equipment for Offshore Oil Production

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Ovivo Awarded $8 Million Contract for Water Treatment Equipment for Offshore Oil Production

Ovivo Awarded an $8 Million Contract to Supply High Specification Water Treatment Equipment for an Offshore Oil Production Platform

Ovivo Inc. ("Ovivo") has been awarded a major contract to design and supply modular fresh water makers for an offshore oil production platform located in the North Sea. Ovivo's scope of work includes the supply of a filtration plant and a custom engineered fresh potable water maker package, through its heritage brand Caird & Rayner Clark, which is based upon reverse osmosis technology to treat seawater. The contract value is approximately $8 million Canadian and the equipment is scheduled for delivery in December 2016.

"This large contract is the latest of a series of orders booked in the energy market since January, which bodes well for the remaining of the current fiscal year in this key segment," said Marc Barbeau, President and Chief Executive Officer. "Our global platform continues to be a key advantage for us in order to reach our customers across the world and supply our high specification water treatment technologies," added Mr. Barbeau.

Reminder: Ovivo will hold its Annual General Meeting of Shareholders on September 24, 2015

Ovivo invites its shareholders, members of the financial community and the media to its Annual General Meeting of Shareholders on Thursday, September 24, 2015 at 10:30 a.m. (Eastern Daylight Time) at the McCord Museum, Théâtre J. Armand Bombardier, located at 690 Sherbrooke Street West in Montreal.

During the General Meeting, Marc Barbeau, President and Chief Executive Officer, and Pierre-Marc Sarrazin, Director, Corporate Finance and Treasury, will present an overview of the financial results and key highlights for the fiscal year ended March 31, 2015 and for the first quarter of fiscal 2016.  They will also discuss Ovivo's strategy and business outlook.

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http://www.benzinga.com/pressreleases/15/09/n5856520/ovivo-awarded-an-8-million-contract-to-supply-high-specification-water-

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