A Canadian shipbuilder has tapped Ottawa’s BluMetric (TSX-V:BLM) to provide water purification systems aboard the country’s new joint support ships in a deal worth $4.16 million.
Vancouver’s Seaspan Shipyards announced Wednesday that BluMetric’s desalination systems would be installed in Canada’s next generation of support ships, currently being commissioned under the national shipbuilding strategy. The government of Canada selected Seaspan as the prime contractor on the JSS project back in 2014.
The Ottawa-based cleantech firm’s systems are designed to cut down on the fleet’s energy consumption. In addition to the desalination units, BluMetric has been tapped to provide the requisite harbour and sea acceptance testing before the ships can enter into service.
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A press release notes that the support ships contract will lead to “new opportunities” for the 165-person firm, which is currently experiencing a bit of a resurgence. A lackluster performance on the public markets dogged the firm for years until company man Roger Woeller took the reins; the former chief executive is widely credited with putting the company back on track.
With a more solid – and profitable – foundation, new CEO Scott MacFabe told OBJ earlier this year that BluMetric is actively seeking new markets including water remediation contracts in Canada’s mining sector.
“I think (the company) is one of the best-kept secrets in the industry… it’s really ready now for us to design the ascent,” MacFabe said in March.