CALGARY, March 8 /CNW/ - Pure Technologies Ltd., TSX-V: PUR: announced
today that it has recently been awarded contracts or purchase orders by the
- Santa Clara Valley (California) Water District
- Washington (D.C.) Suburban Sanitary Commission
- City of Phoenix Water Department
- Howard County (Maryland) Department of Public Works
- El Paso (Texas) Water Utilities
- Water District No. 1, Johnson County, Kansas
- City of London, Ontario
- Anne Arundel County (Maryland) Department of Public Works
- Greater Lawrence (Massachusetts) Sanitary District
The contracts are for work utilizing a number of Pure's technologies and
services, including P-Wave(R) electromagnetic inspection, SoundPrint(R) and
SoundPrint(R) AFO short-term acoustic monitoring, TP-1 pressure transient
devices, and inspection services by Pure's Openaka engineering subsidiary. The
total combined value of the work, to be completed generally in the first and
second quarters, is in excess of $1 million.
The company currently has a confirmed order backlog in excess of
$4.5 million plus recurring revenues under contract totalling $2.4 million. In
addition, Pure has received verbal confirmation of awards in excess of
$12 million plus over $3 million in recurring revenues, subject to the
completion of the normal contract review process and final documentation.
About Pure Technologies Ltd.
Pure Technologies is an international technology company which has
developed patented and proprietary technologies for management and
surveillance of critical infrastructure around the world. Applications for
these technologies include water and wastewater pipelines, bridges, oil and
gas pipelines, transportation infrastructure, nuclear power plants, high-rise
buildings, parking and other critical structures. Pure provides its
technologies from its headquarters in Calgary, Canada and subsidiaries in
Maryland, Arizona, and New Jersey.
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
(R) Registered Trademarks, property of Pure Technologies Ltd.
(TM) Trademark, 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"
For further information:
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 email@example.com