Aquam Corp. Announces Term Agreement with HTC

Aquam Corp. (Aquam), a global clean tech firm, has agreed to terms with U.K.-based HTC Management Services Ltd. (HTC), a provider of water main cleaning of lengths exceeding 1 km per setup and in-situ relining of existing lead service pipes.

This pending acquisition will enable Aquam to immediately expand its product offering in the United Kingdom and become a key solution provider to the U.K. water utilities as they satisfy their requirements to reduce the lead content in potable drinking water as part of the recently announced Asset Management Program (AMP 6) over the next five years.

HTC’s patented process was developed to provide a cost-effective solution to significantly reducing the lead content in water without the need of instituting a highly capital intensive process of replacing the problematic lead pipes. The “Serline” process not only has the ability to clean and dry the pipe, but also has a unique lining system that coats the internal surface to provide a seamless barrier between the water and the lead pipe wall.

More than 10 million homes in the United Kingdom are affected by lead water lines across the 22 water utilities in the U.K. The HTC technology will be offered through Aquam’s subsidiary Nu Flow, which has secured an initial contract to use the “Serline” process for 30,000 homes over three years in the United Kingdom with a [top 10] water utility and is in discussion with others.

“Aquam is now well positioned to be a leader in the global marketplace to cost effectively reduce the lead content in drinking water and while the U.K. will be our initial market, this is undoubtedly a global issue,” said Aquam CEO Cameron Manners. “We strive to offer economical and environmentally friendly solutions for the nation’s most complex and oldest epidemics, lead water service lines and infrastructure renewal.”

In addition to expanding its product offering in the U.K., Aquam’s growth plan includes bringing both water main cleaning and in-situ relining technologies to the North American market.

The purchase agreement comes less than a year after Aquam’s acquisition of JD7, Nu Flow and Nu Flow Technologies.