CALGARY, Oct. 9 /CNW/ - PURE TECHNOLOGIES LTD., TSX-V: PUR, a world
leader in the development and application of innovative technologies for
inspection, monitoring, and management of physical infrastructure, announced
today that is has been awarded a contract to supply and install a
SoundPrint(R) monitoring system in a high-rise office building in Calgary. The
combined value of the contract and the associated monitoring and technical
support contract is in excess of $650,000. The system will be installed and
commissioned in the fourth quarter of 2008.
Commenting on the contract, Jack Elliott, Pure's Chief Operating Officer
"Although the building sector now constitutes only a small part of our
business, it is an important component because of the stable long-term
monitoring revenue it generates. With only a couple of exceptions, we continue
to monitor every one of the buildings in which our systems have been installed
since the introduction of the technology in 1994. Many of the buildings have
gone through one or more ownership change and the availability of
comprehensive information on the structural health of these properties has
removed uncertainty for the purchasers. In fact 2008 has been relatively busy
for us in this sector, with projects in Vancouver and Atlanta already
ABOUT PURE TECHNOLOGIES LTD.
Pure Technologies is an international technology 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, 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
(R) Registered Trademarks, property of Pure Technologies Ltd.
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"
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.