CALGARY, Jan. 27, 2012 /CNW/ - Pure Technologies Ltd. ("Pure") (TSX:
PUR) announced today that the Board of County Commissioners of
Miami-Dade Water and Sewer Department ("WASD") has approved a contract
worth approximately US$5.8 million for Pure's wholly-owned subsidiary,
Pure Technologies US Inc.("Pure US"), to provide pipeline inspections
and monitoring for WASD.
Under the contract, Pure will provide inspection and acoustic
fibre-optic monitoring ("AFO") of WASD's water and wastewater systems
comprised of prestressed concrete cylinder pipes ("PCCP"). The
inspection and monitoring services will utilize a range of Pure's
patented technologies including PipeDiver®, SmartBall® and SoundPrint®
The head office of Pure U.S., located in Colombia, Maryland, has enjoyed
a successful relationship with WASD since 2010. Pure U.S. has also
recently established an office in Miami-Dade.
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international asset management technology
and services company which has developed patented technologies for
inspection, monitoring and management of critical infrastructure around
the world. Pure's business model incorporates four distinct but
complementary business streams:
Sales of proprietary monitoring technologies for pipelines, bridges and structures (SoundPrint®,
Recurring revenue from data analysis and site maintenance for these technologies, and from
Premium technical services including inspection, leak detection and condition assessment (P-Wave®,
SmartBall®, Sahara®, PipeDiver®, PureRobotics™);
Specialized engineering services in areas related to asset management, primarily in the area of pipeline
condition assessment for water and wastewater infrastructure (Openaka
Corp., Price Brothers UK Ltd, and Jason Consultants).
This release contains forward-looking statements. Forward-looking
statements, without limitation, may contain the words "believes",
"expects", "anticipates", "estimates", "intends", "plans", or similar
expressions. Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties and assumptions and the
Company's actual results could differ materially from those
anticipated. Forward-looking statements are based on the opinions and
estimates of Management at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements. In the context of any
forward-looking information please refer to risk factors detailed in,
as well as other information contained in, the Company's filings with
Securities Regulators (www.sedar.com).
® Registered Trademarks, property of Pure Technologies Ltd.
"The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release"
SOURCE Pure Technologies Ltd.
For further information:
To find out more about Pure Technologies Ltd. (TSX: PUR), visit our website at www.puretechltd.com. Or contact James E. Paulson, Chairman, Karen Keebler, Chief Financial Officer or Paul Moon, Investor Relations at (403) 266-6794 or e-mail to email@example.com.