CALGARY, May 9 /CNW/ - Pure Technologies Ltd., ("Pure") (TSXV: PUR) is pleased to announce new projects with a total value of
approximately US$6.5 million. The work associated with these projects
encompasses the full range of Pure's inspection and engineering
services for water and wastewater pipelines and includes the following
A significant multi-year service contract from Miami-Dade Water and
Sewer Department (WASD) which builds on a previous service contract
that was executed in 2010. WASD is one of the largest water utilities
in the U.S., servicing the greater Miami-Dade area population.
A contract from Arizona Public Service Company for 37 miles of
electromagnetic inspection of a prestressed reclaimed water supply
A leak detection contract in Qatar, the first commercial contract for
SmartBall® in the Middle East.
"This new work comes as a result of our strategy to diversify our
revenues and be less dependent on any one customer" said Jack Elliott,
Pure's President and COO. "We continue to expand our efforts in North
America as well as internationally to generate high-value, multi-year
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®, SoundPrint® AFO);
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,
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).
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"The TSX Venture Exchange 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-V: PUR), visit our website at www.puretechnologiesltd.com. Or contact James E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403) 266-6794 or e-mail to email@example.com.