H2O Innovation: PWT™ and Piedmont Announce the Addition of 9 New Distributors

H₂O Innovation (TSXV:HEO) has announced the execution of 9 additional distribution agreements with its independent subsidiaries, PWT and Piedmont.
As quoted in the press release:

Since last year, PWT™ and Piedmont have added a total of nine (9) new distributors to their international distribution network, coming from India, Iraq, Italy, Philippines, Russia, South Africa, United States (2) and Vietnam.
The 4^th edition of the PWT™/Piedmont Distributor Symposium, which took place at the end of October in the city of Groningen, Netherlands, was an important catalyst to finalize the execution of new distribution agreements. More than 50 participants representing distributors coming from 17 different strategic territories were in attendance. The Corporation had the opportunity to meet with these new distributors, continue to develop existing business relationships, launch new products, and receive feedback on market trends and product performance. Following this event, the Corporation has clearly observed a strong interest in the new Piedmont line of cartridge filter housings, which should start to generate sales in the current fiscal year. In addition, greater synergy between PWT™ and Piedmont’s distributors could be felt as well as an interest in promoting both product lines emerged from this event. “This distribution network is essential for the growth of H₂O Innovation. It allows us to quickly and efficiently introduce new products to the market and thus maximizes our return on investment”, said Frédéric Dugré, President and CEO of H₂O Innovation.

Click here to read the full press release.