Pure Technologies Wins Significant U.S. Metallic Pipe Engineering Contract

CALGARY, Oct. 10, 2013 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce that its wholly-owned subsidiary, Pure Technologies U.S. Inc. ("Pure U.S."), has been awarded a significant engineering contract by the Howard County (Maryland) Bureau of Public Works. For more than 10 years, Pure has been working with this customer on projects related to the inspection and management of large-diameter concrete water pipes. The new work involves condition assessment, renewal, and management strategies for small-diameter, metallic water pipelines (principally ductile iron between 6 and 16 inches in diameter) within the project area. The new work, utilizing an array of assessment technologies and engineering services, is expected to commence in late 2013 and include revenues of up to USD$1.7 million over a period of approximately 18 to 24 months.

"This announcement is significant for Pure in a number of ways," said Mark Holley, president of Pure U.S. "It confirms the strong growth potential for the Company using asset management strategies for small-diameter metallic pipelines through our Assess and Address™ strategy. This approach involves identifying localized deterioration and selectively repairing pipe sections only when necessary through our technology and engineering solutions. Additionally, this new work strongly supports the market trend by proactive utilities such as Howard County that opt for a cost effective approach to pipeline management and rehabilitation. Finally, this award strengthens our reputation as a trusted partner to help manage other pipe types that make up the majority of a water distribution system."

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 technology licensing;

  • 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).

Forward-Looking Statements

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  investor.relations@puretechltd.com.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890