CALGARY, Aug. 19 /CNW/ - Pure Technologies Ltd., TSX-V: PUR: announced today that Washington Suburban Sanitary Commission, Laurel, Maryland ("WSSC") has approved the issue of a US$7.75 million change order to an existing US$9 million, 3-year engineering services contract with Openaka, a division of a wholly-owned subsidiary of Pure Technologies Ltd. ("Pure"). The change order covers an expansion of the inspection, assessment and monitoring program, which commenced in 2009. The program includes the deployment of Pure's SmartBall(R), P-Wave(R) and SoundPrint(R) AFO acoustic fibre-optic monitoring technologies. The work covered by the change order is expected to be completed within the next eighteen months, whereupon WSSC has an option to increase the contract by up to US$9 million for a further three-year period.
Within the past few weeks, Pure and its subsidiaries have also been awarded a number of other projects worth approximately $5.5 million. These include:
- City of Cleveland, Ohio: Pure Technologies U.S. Inc. ("Pure U.S.")
will undertake manned visual and robotically assisted video
inspections; leak detection surveys utilizing SmartBall(R); and
electromagnetic assessment of prestressed concrete cylinder pipe
(PCCP) using P-Wave(R) inspection technology.
- City of Rockville, Maryland: Pure U.S. will undertake P-Wave and
visual inspections, as well as a SmartBall leak detection survey of
up to 9.6 miles of PCCP. This will be followed by an engineering
evaluation performed by Openaka.
- Baltimore County, Maryland: Jason Consultants LLC, a wholly-owned
subsidiary of PureService Inc., will provide professional engineering
services for inspecting sanitary sewer force mains as part of a joint
venture with Patton Harris Rust Associates, Columbia, MD. Pure U.S.
and Openaka Inc. will supply inspection and condition assessment
services including SmartBall leak & gas pocket detection surveys, P-
Wave robotic inspections of PCCP, and pipe-wall thickness testing.
- City of Green Bay, Wisconsin: Pressure Pipe Inspection Company
("PPIC"), a wholly-owned subsidiary of Pure, will undertake a
PipeDiver(TM) inspection of two 11-mile parallel water mains - over
half of the city's total PCCP infrastructure.
- City of Louisville, Kentucky: PPIC will undertake a Remote Field
Transformer Coupling (RFTC) inspection of approximately 5 miles of
pipeline as part of a 10-year program to assess the City's PCCP
- City of Lewiston, Maine: PPIC will undertake a Sahara(R) leak
detection survey of the Lewiston Transmission Main. The pipeline
system, which is the only source of water for the city, provides
4 million gallons of water per day.
Following these awards, Pure's consolidated backlog, including verbal notification of awards but excluding recurring revenue and revenue generated by Price Brothers (UK) Ltd., stands at approximately $51.5 million.
Commenting on the awards, Jack Elliott, Pure's President said: "These recent contract awards emphasize the growing interest by water utilities in Pure's asset management technologies and services. The WSSC contract extension is an endorsement of our approach to technology-driven proactive management and maintenance of buried infrastructure. The value of this strategy was recently highlighted when WSSC was able to prevent a rupture of a 96-inch water main because of information provided by Pure's SoundPrint AFO fibre-optic monitoring technology. The Cleveland and Rockville projects are the first major contracts for our PureRobotics(TM) platform, announced earlier this year.
"The work awarded to PPIC is the first new work secured since the closing of the transaction on August 13th last. It validates the rationale for the acquisition as Pure competed against PPIC on two of the projects. The integration process is well under way and we are delighted with the technical complementarities between the companies and the high caliber of the people we have added."
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(R), SoundPrint(R) 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(R), SmartBall(R), Sahara(R),
- 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).
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SOURCE Pure Technologies Ltd.
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