CALGARY, Jan. 17 /CNW/ - Pure Technologies Ltd. ("Pure") (TSX-V: PUR) is pleased to announce that Dallas City Council has authorized the
award of a three-year service contract worth up to US$8.5 million to
Pure's wholly-owned subsidiaries, Pure Technologies U.S. Inc. and
Pressure Pipe Inspection Company (USA) Inc.
Under the contract, Pure will provide leak detection, electromagnetic
inspection and other condition assessment services for Dallas Water
Utilities (DWU), which services 2.4 million customers in Dallas, Texas
and nearby communities. DWU maintains more than 5,000 miles of water mains and 4,300 miles of
wastewater collection pipelines, making it one of the largest pipeline
networks in the U.S. This service agreement builds on a leak detection
and condition assessment program that commenced in 2004. Under the
initial program, condition assessment and leak surveys of pipelines
resulted in substantial water savings and avoided pre-mature failure of
The non-destructive leak detection surveying and condition assessment
services provided by Pure allow DWU to maintain optimum productivity
and system reliability by reducing downtime and inspection
time. Additionally, this service agreement enables DWU to monitor
pipeline conditions effectively, and plan and coordinate maintenance
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
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).
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 email@example.com.