CALGARY, April 23 /CNW/ - Pure Technologies Ltd., TSX-V: PUR is pleased to announce the establishment of Pure Technologies China Ltd. ("Pure China"), a joint venture with Balama Prima Engineering Co. Ltd. (www.balama.com). Balama Prima is a privately-held Hong Kong-based company with over 400 employees and significant business interests in the infrastructure sector in China. Pure China will represent Pure's interests in China, Hong Kong, Taiwan and Macau.
Mr. Jon Boon has been appointed General Manager of Pure China. Mr. Boon was born in Canada and educated in the UK. He has a degree in geology from Queen's University, Belfast and is a Chartered Materials Engineer. Mr. Boon has over twenty years' business development and marketing experience in the water industry, and was most recently Business Development and Technical Manager for Insituform Asia Limited. He is currently Chairman of the China Hong Kong Society for Trenchless Technology and the Hong Kong Institute of Utility Specialists Rehabilitation Division. Mr. Boon will report to Mr. Derek Choi, of Balama Prima, who will act as Managing Director of the joint venture. In addition to his role with Pure China, Mr. Boon will act in a business development capacity for Pure Technologies Ltd. in the Asia-Pacific region. He will be based in Hong Kong.
"This is another step in the expansion of our international business activities." said Jack Elliott, Pure's President. "We believe that we need to have a direct presence in major markets if we are to be able to grow our business and service our clients effectively in these markets. Balama Prima is an ideal partner for us as they are heavily involved in the trenchless technology business and they have wide-ranging contacts in the water, wastewater and oil & gas sectors in the region. Furthermore, they have considerable experience in working with Western partners."
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world. Pure operates from its headquarters in Calgary, Canada and through subsidiaries in Maryland, New Jersey, Ohio, and the UK. Pure's proprietary product portfolio includes SoundPrint(R), a continuous acoustic structural monitoring system for buildings, bridges and structures; SoundPrint(R) AFO, a fiber-optic distributed acoustic sensing system for monitoring and surveillance of pipelines; and SmartBall(R), a revolutionary new leak detection technology for water, wastewater and hydrocarbon pipelines.
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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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