CALGARY, June 9, 2014 /CNW/ - Pure Technologies Ltd. ("Pure" or the
"Company") (TSX: PUR) is pleased to announce that it has been awarded a
major leak detection contract by Qatar General Electricity and Water
Corporation ("Kahramaa"), Qatar, valued at up to $4 million over a
three year period commencing June 2014.
Under the contract, Pure, through its Abu Dhabi based operations, will
provide leak detection services on a significant portion of Kahramaa's
large-diameter pipeline network critical to the delivery of treated,
desalinated water for commercial, industrial and residential users. The
Company's proprietary SmartBall® technology will be utilized for pipelines between 600mm to 1600mm in
diameter during the contract period. It is an innovative, free-swimming
inspection technology designed to operate in a live pipeline, locating
very small leaks, gas pockets and identifying structural defects.
For over thirty years, Kahramaa has undertaken a proactive leak
detection program for their expanding network of water pipes.
Non-Revenue Water for distribution networks in Qatar has been
significantly reduced over the past five years due to the use of
advanced methodologies and best practices. The SmartBall technology
has been selected due to its ability to find previously undetectable
leaks on large diameter pipelines, which in the past led to flooding,
pipeline failures and service disruptions.
Pure's SmartBall technology has been successfully deployed in numerous
projects worldwide, pinpointing thousands of leaks. The technology is
also being deployed in a growing number of oil and petroleum product
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 pipeline inspection, leak detection and condition assessment (PureEM™, SmartBall®, Sahara®, PipeDiver®, PureRobotics®; PureMFL™;
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 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: PUR), visit our website at www.puretechltd.com or contact Paul Moon, Investor Relations; 403 266-6794 or firstname.lastname@example.org.