OTTAWA, March 1 /CNW Telbec/ - Seprotech Systems Inc., a Canadian Environmental Technology Company and manufacturer of water and wastewater treatment systems, is pleased to announce that it has completed a technology licensing agreement with a company based in the United States. Through the Agreement, Seprotech will receive royalty payments over a 3 year period capped at $400,000 USD for use of the technology rights.
"Seprotech has a very strong and expanding proprietary technology base," said Martin J. Hauschild, President & CEO. "One of our key strategies to expand our market presence is to leverage our water treatment technology through licensing and royalty agreements and strategic partnerships. The recently awarded patents combined with patent awards expected later this year position the company to generate ongoing revenue from its intellectual property base."
Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, resource sector and military market place, including CrystalBlue(TM) membrane-based water recycling systems and the ROTORDISK(R) wastewater treatment systems.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
SOURCE BluMetric Environmental Inc.
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