PURE TECHNOLOGIES ANNOUNCES 12 MONTH CONTRACT EXTENSION

CALGARY, Jan. 27 /CNW/ - Pure Technologies Ltd., ("Pure") (TSX-V: PUR) announced today that Maynilad Water Services Inc. ("Maynilad") of the Philippines has extended a significant contract with Pure's wholly-owned subsidiary, the Pressure Pipe Inspection Company (PPIC) for the use of Sahara® leak detection services. 

Maynilad is the water and wastewater services provider for 17 cities and municipalities that comprise the West Zone of the greater Metro Manila area.  Maynilad operates a pipeline network that runs for more than 6,000 kilometers. The initial contract between PPIC and Maynilad was signed in 2009 as part of a strategic water loss management program aimed at reducing non-revenue water loss. Under this contract, Maynilad engineers were trained on Sahara technology so they can operate the equipment in the West Zone concession.

Since the program began, Sahara has helped Maynilad reduce its non-revenue water loss by detecting over 160 leak locations. Sahara has also located unknown and illegal connections and pipeline features.  Advantages of using Sahara include its ability to inspect long distances of aging water mains while the mains are in service; Maynilad has therefore been able to increase leak detection and video inspection efforts without disrupting water delivery services to its customers. 

Before DMCI-MPIC Water Company, Inc. (DMWCI), a joint venture between Metro Pacific Investments Corporation (MPIC) and DMCI Holdings, Inc. (DMCIHI) took control of Maynilad in 2007, the non-revenue water level in the West Zone was at a high 67%.  As of year-end 2010, non-revenue water in Maynilad's concession area is down to 51%.  Only three years under new management, Maynilad was able to drive down the West Zone's system loss level to the lowest in its history. 

This contract extension demonstrates Pure's success in securing new, renewed, and extended contracts with former clients of PPIC. With this contract extension and as a result of the acquisition of PPIC less than six months ago, Pure has announced several contract and award notices totaling approximately $12.5 million.

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 inspection, leak detection and condition assessment (P-Wave®, SmartBall®, Sahara®, PipeDiver™, PureRobotics™);
  • 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 Venture Exchange 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-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 info@puretechnologiesltd.com


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