GUELPH, ON, Nov. 22, 2013 /CNW/ - BIOREM Inc. (TSXV:BRM) ("Biorem" or
"the Company") today announced two new orders totalling $1.0 million,
which are in addition to the $1.9 million in new orders announced in
October. The larger order is an industrial odour and VOC (Volatile
Organic Compounds) control system in Europe and represents the 7th repeat order for this growing multinational client. The second order is
an odour control system for a waste water treatment plant in the United
"Biorem now has multiple biological solutions for the removal of
contaminants from industrial air sources," said Peter Bruijns,
President and CEO. "With both Biofilter and Biotrickling filter
configurations available, we have increased the number of VOC
applications that are treatable using our clean technology solutions.
Our growing list of global industrial installations reflects the
success of our diversification effort and the future potential for the
industrial emissions market."
Biorem additionally announced today that it has not come to agreement on
satisfactory payment terms with a Chinese State Owned Enterprise (SOE)
for a $2.8 million project located in Southeast Asia and has removed
the project from its backlog for the time being.
"We have taken a position that on material international orders where
risk of non-payment is a significant issue, we must ensure that
satisfactory security, such as Letters of Credit are in place," said
Peter Bruijns, President and CEO, "Being experienced in Asia, we are
aware of the commercial risks and are satisfied this approach is in the
best interests of the company."
VOCs are significant contributors to poor outdoor air quality in
developed urban centers and many of these contaminants are considered
either or both carcinogenic to humans and contributors to greenhouse
gases. For more general information on VOCs please follow the link: http://en.wikipedia.org/wiki/Volatile_organic_compound
About BIOREM Inc.
BIOREM is a leading clean technology company that designs, manufactures
and distributes a comprehensive line of high-efficiency air emissions
control systems used to eliminate odors, volatile organic compounds
(VOCs), and hazardous air pollutants (HAPs). With sales and
manufacturing offices across the continent, a dedicated research
facility, a worldwide sales representative network and more than 800
installed systems worldwide, BIOREM offers state-of-the-art
technology-based products and peace of mind for municipalities,
industrial companies and their surrounding communities. Additional
information on BIOREM is available on our website at www.biorem.biz.
SOURCE: Biorem Inc.
For further information:
Peter Bruijns, President and Chief Executive Officer
BIOREM Technologies Inc.
Tel: (519) 767-9100