PURE TECHNOLOGIES PROVIDES UPDATE ON LIBYAN OPERATIONS

CALGARY, Feb. 22 /CNW/ - Pure Technologies Ltd., ("Pure") (TSXV: PUR) released today an update on the current status of its operations in Libya in light of recent developments in the region.

Pure is in direct communication with all of its personnel, who are currently safe and secure. Pure is organizing evacuations of some of its staff. 

The Great Man-Made River Project (GMRP) provides drinking water to much of the country including Benghazi and Tripoli.  The sections of the pipeline where Pure's monitoring systems are installed continue to operate.  Pure is working with GMRP management to maintain the pipeline monitoring system.

"Pure's monitoring systems are critical to the long-term integrity of the pipeline and we will continue to work with GMRP management to maintain the system and to ensure the safety of our staff", said Jack Elliott, President.  "We have been the sole provider of pipeline monitoring for the project since 2000, and therefore have an established relationship with project management.  We will continue to evaluate the situation and will provide additional updates should the need arise."

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 technology licensing;
  • 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).

Forward-Looking Statements

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 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 info@puretechnologiesltd.com.


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