Mumbai, India, February 1, 2010 – Chembond Chemicals Limited of Mumbai, India, (“Chembond”), a leading manufacturer and supplier of specialty performance chemicals to industries across India and H2O Innovation Inc. of Quebec City, Canada, (“H2O Innovation), a complete water treatment solutions company providing custom designed high performance systems for municipal, commercial, and industrial applications, announced the execution of a joint venture agreement to create H2O Innovation India Limited (“H2O Innovation India”), a company dedicated to providing water treatment systems and maintenance services to industrial, commercial and residential markets.