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
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
"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
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).
® 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 firstname.lastname@example.org.