BluMetric Announces Potable Water and Wastewater Contract for Bahamian Island Resort
Rhea-AI Summary
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) has secured a CA$3.3 million (US$2.3 million) contract to provide water treatment systems for a Bahamian resort. The project includes:
- A Sea Water Reverse Osmosis (SWRO) system producing 240,000 gallons per day of potable water
- A Membrane Bioreactor (MBR) system treating 65,000 gallons per day of wastewater
The contract will be executed by BluMetric's recent acquisition, Gemini Water, with delivery and commissioning scheduled for 2025. This development aligns with the Caribbean region's growing water infrastructure needs, supported by the Caribbean Hotel and Tourism Association's reported pipeline of 50 new hotel projects adding 19,591 rooms, with 29,987 total rooms planned between 2024-2028.
Positive
- Secured significant contract worth CA$3.3 million
- Expanding presence in Caribbean resort market
- Leveraging recent Gemini Water acquisition for execution
- Project aligns with growing Caribbean tourism development
Negative
- None.
Ottawa, Ontario--(Newsfile Corp. - March 18, 2025) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, announced it has signed a contract to supply a Sea Water Reverse Osmosis (SWRO) and a Membrane Bioreactor (MBR) system for a Bahamian resort.
"The credibility of our reference base in the Caribbean continues to improve along with recognition of our ability to provide a full WaterTech solution," said Scott MacFabe, CEO of BluMetric. "Water is an essential resource for these resorts to operate, and we provide technologies that are cost-effective and user-friendly. We look forward to capitalizing on our expanded U.S. manufacturing footprint and building on our unique expertise."
The contract, valued at a total of approximately CA
This order highlights the increasing need for new and improved water infrastructure in the Caribbean as the region sees increased development, tourism, and groundwater scarcity.
In 2024, the Caribbean Hotel and Tourism Association (CHTA) reported a robust pipeline of 50 new activated hotel projects, adding 19,591 rooms, with 29,987 total rooms in various stages of planning between 2024 and 2028.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 220 employees operating in ten offices and over 45 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.
For more information, visit www.blumetric.ca or please contact:
| Scott MacFabe, CEO | Dan Hilton, CFO |
| BluMetric Environmental Inc. | BluMetric Environmental Inc. |
| Tel: 1-877-487-8436 x 242 | Tel: 1-877-487-8436 x 550 |
| Email: smacfabe@blumetric.ca | Email: dhilton@blumetric.ca |
| Brandon Chow, Principal & Founder Panolia Investor Relations Inc. Tel: 1-647-598-8815 Email: brandon@panoliair.com |
Forward-Looking Statements
Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244995
FAQ
What is the value of BluMetric's (BLMWF) new Bahamian resort contract?
What water treatment capacity will BluMetric (BLMWF) provide for the Bahamian resort?
When will BluMetric (BLMWF) complete the Bahamian resort water treatment project?
Which subsidiary will execute BluMetric's (BLMWF) Bahamian resort contract?
How does BluMetric's (BLMWF) contract align with Caribbean tourism growth?
