Major contract with Hydro-Quebec

BOUCHERVILLE, QC, July 12, 2013 /CNW Telbec/ - Noveko International Inc. (the "Corporation") is pleased to announce that its filtration division has won, further to a call for proposals issued by Hydro-Québec, a contract to equip a portion of Hydro-Québec's buildings with approximately 5,000 air filters. This contract consists in the lease of air filters for an initial period of 2 years.

"We are thrilled to be awarded this contract with Hydro-Québec, a world leader in the field of hydroelectricity, and a recognized leader in Quebec for technological innovation, sustainable development, and energy efficiency. In addition to the financial benefits, this contract brings us the recognition of the economical and technological value of our solutions by one of the major players in the Quebec economy whose expertise, particularly in energy efficiency, is widely acknowledged. This constitutes for us a major endorsement for the commercialization of our air filtration solutions" declared Mr. Alain Bolduc, President and Chief Operating Officer of the Corporation.

Our Noveko® filters offer superior filtration capacity and durability while putting less restriction on ventilation, thereby requiring less power from ventilation systems, thus saving substantial energy. Our filters are also cleanable and recyclable significantly reducing the number of filters used and the labor costs associated with their replacement including the elimination of waste. It is notably the incorporation of antimicrobial agents into our filter fibres, protecting them against deterioration from the effects of microorganisms that accounts for cleanability and durability. All these positive features make them an ideal solution for users as part of a sustainable development strategy.

Profile of the Corporation

The Corporation specializes in the air filtration segment by providing its clientele with innovative and eco-energetic filtration solutions. As such, through its subsidiaries, the Corporation designs, develops, manufactures and markets air filters incorporating its patented air filtration technologies, which filters are cleanable and recyclable, and have a much longer life span than conventional air filters. These filters are used in farm buildings, in institutional, commercial, industrial and residential buildings, and in the ground and aeronautics transport industry.

Through distributors, the Corporation furthermore continues to commercialize antimicrobial masks and respirators, hands sanitizers and ultrasound scanners for use in human and veterinary medicine.

Certain statements set forth in this press release constitute forward-looking statements. In some cases, these statements are identified by the use of terms such as "may", "could", "might", "intend", "should", "expect", "project", "plan", "believe", "estimate" or other comparable variants. These statements are based on the information available at the time they are written, on assumptions made by management and on the expectations of management, acting in good faith, regarding future events, including those relating to economic conditions, fluctuations in exchange rates and operating expenses, and the absence of unusual events entailing supplementary expenditures. Although management considers these assumptions and expectations reasonable based on the information available at the time they are written, they could prove inaccurate. Forward-looking statements are also subject, by their very nature, to known and unknown risks and uncertainties such as those related to the industry, acquisitions, labor relations, credit, key officers, supply and product liability. The actual results of Noveko International Inc. could differ materially from those indicated or underlying these forward-looking statements. The reader is therefore recommended not to unduly rely on these forward-looking statements. Forward-looking statements do not reflect the potential impact of special items, any business combination or any other transaction that may be announced or occur subsequent to the date hereof. Unless otherwise required under securities laws, the Corporation does not intend and undertakes no obligation to update or revise the forward-looking statements.

SOURCE: NOVEKO INTERNATIONAL INC.

For further information:

André Leroux
Chairman and Chief Executive Officer
Tel: (514) 875-0606
http://www.noveko.com

Profil de l'entreprise

NOVEKO INTERNATIONAL INC.

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