Seprotech Receives New Orders Valued at Approximately $1.0M CAD
OTTAWA, March 2 /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 received new orders valued at approximately $1.0 M CAD.
The new orders originate from an existing Standing Offer Contract with the Canadian Government and are over and above amounts originally budgeted for this fiscal year or previously announced. The standing offer process provides the Canadian Government with immediate response and support to their equipment needs. The amount actually spent in any given year under Standing Offer Contracts varies according to operational requirements.
"We are very pleased to have been awarded this additional order under a Standing Offer Agreement," said Martin J. Hauschild, President & CEO of Seprotech. "This new award demonstrates a high degree of confidence in Seprotech. The ability of Seprotech to meet all aspects of our clients' water and wastewater treatment needs, including service and maintenance support, represents a clear competitive advantage," concluded M. Hauschild.
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. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
For further information: Matthew Anderson, Investor Relations, Tel: (613) 523-1641, Fax: (613) 731-0851
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