CALGARY, June 25, 2012 /CNW/ - Pure Technologies Ltd. ("Pure" or the
"Company") (TSX: PUR) today announced plans for a major expansion of
its Engineering Services business through the establishment of up to
five new regional offices in the United States, including San Diego, CA
and St. Louis, MO, to complement an existing presence in Columbia, MD,
Branchburg, NJ, Miami, FL, Dallas, TX and Toronto, ON in Canada.
Commenting on this development, Mike Higgins, Vice President responsible
for Pure Engineering Services said:
"The decision to expand our regional presence in the US is a consequence
of growing interest by water and wastewater agencies in Pure's unique
value proposition, which combines specialized pipeline engineering
expertise with leading-edge inspection, condition assessment and
monitoring technologies. Agencies throughout North America are faced
with the challenge of maintaining and renewing critical pipeline
infrastructure at a time when capital budgets are severely
constrained. They are looking for innovative solutions, and Pure's
"Assess & Address™" approach to asset management is attracting
increasing interest within the industry as a cost-effective strategy
for prolonging the life of these assets."
Jack Elliott, Pure's President, said:
"Our business in North America has been growing at an average of 40%
over the past few years as agencies become more aware of our unique
capabilities. We are currently engaged in multi-year pipeline
management programs with Washington Suburban Sanitary Commission and
Miami Dade Water & Sewer Department, and we anticipate that there will
be a continuing and growing demand for our services and technologies
throughout North America. We are putting the resources in place to
capture this demand and to service our growing client base."
Pure delivers its engineering services through its Openaka Inc. and
Jason Consultants divisions. Openaka is a world leader in forensic
investigation, assessment and structural analysis of prestressed
concrete and metallic pipelines and Jason Consultants specializes in
condition assessment of wastewater pipelines.
Assess and Address refers to the Company's water and wastewater pipeline management
solution involving the evaluation of condition assessment data,
generated by its proprietary and patented diagnostics and monitoring
technologies, which is provided to clients for use within a cost
effective asset management program.
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 (P-Wave®, SmartBall®, Sahara®, PipeDiver®, PureRobotics™);
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 James E. Paulson, Chairman, Karen Keebler, Chief Financial Officer or Paul Moon, Investor Relations at (403) 266-6794 or e-mail to firstname.lastname@example.org.