CALGARY, April 20, 2016 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") recently announced the recipients of its second annual Innovation Awards, which highlight extraordinary employee contributions that have improved Pure's technologies and services over the past year.
"The Innovation Awards are both a reflection and extension of Pure's culture," said Jack Elliott, Pure's President and CEO. "We're a technology-based company that innovates on a daily basis, but these awards recognize employee-led initiatives. These are individuals that have gone above and beyond their daily duties and taken the initiative to contribute to the improvement of our business. We strive to reinforce this type of excellence in our organization and we believe this vested interest from our employees sets us apart from our peers.
"Pure has a diverse portfolio of proprietary technologies and services for the inspection, monitoring and management of aging pipeline infrastructure. This means that most of our research and development is directed towards enhancing the capabilities of our existing technologies and processes to improve the information we can provide to our utility partners. The same principle holds true for entries into the Innovation Awards. This year, over 23 different employee innovations were submitted and many were for improvements that will benefit our clients by enhancing their understanding of the condition of their infrastructure."
The Innovation Awards are held annually for non-management level employees to submit innovations for consideration by a judging panel of senior management. In addition to recognizing achievements in standard categories of Engineering, Technology, Operations, and Business Practices, the judges recognized two other contributions in a category called Game Changers. These Game Changers are innovations that are expected to have a material impact on Pure's business.
All winners receive a cash prize and trophy, and will be formally recognized at Pure's Annual General Meeting on May 4, 2016.
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international asset management, technology and services company that 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;
- Recurring revenue from data analysis, site maintenance, and from technology licensing;
- Premium technical services including pipeline inspection, leak detection and condition assessment;
- Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure.
This News Release contains forward-looking statements, including, without limitation, statements containing the words "should", "believe", "anticipate", "may", "plan", "will", "continue", "intend", "expect", "estimate" and other similar expressions. These statements constitute "forward-looking information" within the meaning of applicable Canadian securities laws. These statements are based on the Company's current expectations, estimates, forecasts and assumptions. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other important factors that could cause the Company's actual performance to be materially different from that projected. Examples of these statements would include those relating to the benefits expected from technology innovations led by the Company's employees. The assumptions, risks and uncertainties that could cause actual results to differ materially from the forward-looking information, include, but are not limited to, market changes, the Company's ability to deliver services in a timely and cost effective manner, technological change, changes in general economic conditions and other risks detailed from time to time in our ongoing filings with the Canadian securities regulatory authorities, including those in the Company's Annual Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise.
"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.