CALGARY, Jan. 18, 2012 /CNW/ - Pure Technologies Ltd. ("Pure") (TSX:
PUR) announced today that Washington Suburban Sanitary Commission
("WSSC"), Laurel, MD., has approved the award of new work to Openaka (a
division of Pure's Engineering Services Group) worth up to US$17.2
million. The award consists of the exercise of an option to extend a
contract awarded to Openaka in January 2009 by US$9 million, and a
change order for US$8.2 million to extend the scope of inspection and
monitoring services from pipelines greater than 48" diameter to
pipelines greater than 36" diameter.
Under the contract, Openaka will provide inspection, condition
assessment, integrity monitoring and risk analysis services to assist
WSSC in the management of its prestressed pipelines. Technologies to
be deployed under the contract will include Pure's SmartBall® leak
detection system, PureRobotics® electromagnetic inspection system and
SoundPrint® AFO optical fiber acoustic monitoring system.
WSSC has approximately 350 miles of prestressed concrete pipelines
greater than 16" diameter in its system. To date, Openaka has
inspected, and is monitoring, approximately 60 miles of pipeline. The
expansion of the contract will extend the program to approximately 130
Commenting on the award, Mike Higgins, Vice President of Pure's
Engineering Services Group said: "The WSSC pipeline management program
is one of the most advanced asset integrity management programs
anywhere in the world. WSSC is using technology-driven solutions to
extend the life of its critical transmission mains at a fraction of the
cost of replacement of the assets. At a time when water and wastewater
utilities are faced with increasing challenges maintaining aging
infrastructure under severe budgetary constraints, this program serves
as a model for responsible fiscal management. The expansion of the
program is validation of this strategy and we are proud to work with
WSSC on its execution."
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
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).
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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.