HVR Quarterly Report Q3 – May to August 2025
Introduction
During the past quarter, HVR has continued to strengthen its position as an innovator in sustainable water purification. With progress in international projects, technology development, and growing stakeholder engagement, the company is advancing strategically and commercially.
Key Events
1. Pilot Project in Odisha, India
- The HVR unit installed in collaboration with the Indo-Swedish Rheumatology Foundation (ISRF) at a primary school in Odisha has been successfully upgraded to electric power and continues to provide safe drinking water free from fluoride.
- Early feedback from teachers and parents shows clear health benefits among the students, confirming the long-term value of HVR’s technology.
- Preparations are underway for a joint Swedish–Indian scientific study to systematically document the health impacts of the installation.
2. Expansion in South Asia
- Building on the success in India, HVR has initiated discussions for new projects in Bangladesh, where arsenic contamination poses a severe public health challenge.
- The company’s participation at the 9th International Congress & Exhibition on Arsenic in the Environment earlier this year has led to new contacts and increased interest from research institutes and NGOs.
- A partnership with Innosep in Thailand has been established to jointly commercialize HVR’s technology in Bangladesh and the broader South Asian market.
3. Technology and Market Development
- Work continues to integrate HVR’s thermal pervaporation process with waste heat from industrial facilities and combined heat and power (CHP) plants. This enables the delivery of high-quality drinking water at low operating costs while reducing reliance on solar-driven solutions.
- Market analyses confirm strong demand for HVR’s technology in both urban and rural settings, particularly due to its ability to remove arsenic, fluoride, PFAS, and salts within a single process.
4. Shareholder and Investor Relations
- Preparations are ongoing for the upcoming new share issue, aimed at raising capital to scale operations and launch commercial activities.
- New marketing materials, including brochures, newsletters, and video documentation from the Odisha project, are being developed to strengthen investor communication.
- Investor interest is growing, with more private investors recognizing the social and sustainability benefits of HVR’s technology.
Financial Overview
- Operating costs during the quarter remained stable, with key investments in R&D, pilot operations in Odisha, and commercialization preparations.
- The company continues to manage costs effectively while preparing for expansion.
- Revenue is expected to begin with the next phase of commercial pilot installations.
Outlook for Next Quarter (September–December 2025)
- Execution of a new share issue to finance commercial pilot projects and expansion.
- Strengthening of partnerships in Thailand and Bangladesh, including the initiation of a pilot project in Bangladesh.
- Further development of industrial integration solutions based on waste heat.
- Increased visibility through targeted investor and stakeholder communication, including newsletters, press releases, and participation in industry events.
Conclusion
The period May–August 2025 was marked by consolidation, progress, and preparations for growth. The successful upgrade of the Odisha pilot facility, the partnership with Innosep, and preparations for the share issue provide a solid platform for the next development phase. HVR remains committed to delivering sustainable, cost-effective, and health-enhancing water purification solutions to communities worldwide