GUELPH, ON, July 3 /CNW/ - BIOREM Inc. (TSXV:BRM) announced today the
receipt of a $800,000 order for a municipal odor control system in the
Southwest U.S.A. This contract is the second large-scale Mytilus(R) system to
be won by BIOREM this year. This further substantiates the Company's
credibility in the large-scale biotrickler marketplace.
The Company's Order Bookings to date for this year total close to
$10 million, which is a 59% increase over the comparable period in 2007 of
"This project will treat 20,000 cubic feet per minute of odorous air.
With this order, biotrickling filters are becoming a significant component of
our business," said Peter Bruijns, President and CEO. "The expansion of our
product line provides a significant contribution in achieving our growth
About BIOREM Inc.
BIOREM manufactures Biosorbens(R) biofilter media and is a leading
supplier of biofilters for air pollution control in municipal and industrial
applications, including BIOCUBE(R) modular units and Mytilus(R) biotrickling
filters. With over 500 installed systems and over a decade of experience, the
Company's products are the technology of choice for odor control at waste
water treatment plants across North America. Additional information on BIOREM
is also available at our web site at www.biorem.biz.
This press release contains forward-looking statements based on current
expectations. These forward-looking statements contain various risks and
uncertainties that could cause actual results to differ materially from those
reflected in the forward-looking statements. Risks and uncertainties about the
Company's business are more fully discussed in the disclosure materials,
financial statements and MD&A filed with the securities regulatory authorities
in Canada on www.sedar.com.
Order Bookings and Order Backlog are non-GAAP measures that the Company
uses to evaluate its sales performance. Order Bookings are those binding
contracts that the Company enters into with a third party for the delivery of
our products or services. As Order Bookings are received, the contract value
(before any associated sales taxes) is included in the Order Backlog. The
Order Backlog is reduced by the revenue that is recognized on each project.
For further information:
For further information: Ed Corbett, Chief Financial Officer, BIOREM
Technologies Inc., firstname.lastname@example.org, Tel: (519) 767-9100 x275