Noveko and the STM sign their first two filter supply agreements
MONTREAL, May 2 /CNW Telbec/ - Noveko International Inc. (TSX: EKO) (the "Company") is pleased to announce that the Société de transport de Montréal (the "STM") has selected Noveko(TM) filtration solutions to equip its transportation centres housing the vehicle operation and maintenance related activities.
To that end, the Company and the STM have entered into two first three-year agreements covering the supply and cleaning of filters for the Anjou and St-Denis transportation centres. This initial collaboration follows a period of conclusive tests conducted at the Anjou transportation centre.
"We are very pleased to partner with the STM, a leader in the mass transit industry that, over the years, has always stood apart for its innovative choices. After four months of use, Noveko(TM) filters once again proved superior in terms of effectiveness and durability. Our cleanable and recyclable filtration solutions will undoubtedly contribute to the achievement of the STM's objectives of reducing its ecological footprint, which makes us particularly proud," indicated Mr. Simon Labrecque, Vice-President, Filtration, Noveko. "This initial partnership also fits with our business plan of consolidating our position as a provider of filtration solutions in the transportation and building markets."
"At the STM, our commitment to sustainable development is an integral part of our practices and it is for this reason that we opted for Noveko(TM) filtration solutions. We made this choice to ensure our buildings are greener thanks notably to the major reduction in filtration waste that will arise from their use. And because we constantly strive to reduce residual materials, the costs related to their elimination and our energy expenses, Noveko(TM) filters could also be used in our other transportation centres and buildings," added Ms. Odile Paradis, Senior Manager, Public Affairs of the STM.
About the STM
The STM is the 14th largest company in the Province of Quebec. In 2010, it ensured more than 390 million bus, metro and paratransit trips in the Montreal area, representing approximately 70% of the public transit in Quebec. The STM's overall network covers 68 metro stations and comprises a fleet of 759 metro cars, 1,680 buses and several buildings, including notably eight transportation centres and a major maintenance centre for its vehicles, namely the Crémazie facility. In 2010, the STM received the American Public Transportation Association award as Outstanding Public Transportation System in North America for its excellent results in terms of effectiveness and efficiency.
About Noveko(TM) Filtration Solutions
The filters incorporating Noveko's patented technologies consist of multiple layers of synthetic fibre built into a rigid aluminum framework, making them perfectly leak-proof and resistant to variations in temperature and humidity. Their superior filtration effectiveness enables users to achieve energy savings related to their ventilation systems. Their increased durability, combined with the fact that they are cleanable and recyclable, significantly reduces the number of filters used and the costs associated with their replacement and the elimination of waste, making them an ideal eco-friendly solution. It is notably the incorporation of antimicrobial agents into the filter fibres, thanks to Noveko's patented antimicrobial filtration technology, that protects the filters against deterioration due to the action of microorganisms and accounts for their cleanability and durability.
About Noveko International Inc.
Noveko International Inc. offers innovative solutions in the environmental and medical fields worldwide. Through its subsidiaries, the Company specializes primarily in the following business segments: the development, manufacturing and marketing of derivative products from its patented antimicrobial filtration technologies, mainly air filters, surgical masks and respirators, as well as other products with antibacterial properties such as hand sanitizers - and the development, manufacturing and marketing of medical equipment, primarily portable real-time ultrasound scanners for use in human and veterinary medicine.
Certain statements set forth in this press release constitute forward-looking statements. In some cases, these statements are identified by the use of terms such as "may", "could", "might", "intend", "should", "expect", "project", "plan", "believe", "estimate" or other comparable variants. These statements are based on the information available at the time they are written, on assumptions made by management and on the expectations of management, acting in good faith, regarding future events, including those relating to economic conditions, fluctuations in exchange rates and operating expenses, and the absence of unusual events entailing supplementary expenditures. Although management considers these assumptions and expectations reasonable based on the information available at the time they are written, they could prove inaccurate. Forward-looking statements are also subject, by their very nature, to known and unknown risks and uncertainties such as those related to the industry, acquisitions, labor relations, credit, key officers, supply and product liability. The actual results of Noveko International Inc. could differ materially from those indicated or underlying these forward-looking statements. The reader is therefore recommended not to unduly rely on these forward-looking statements. Forward-looking statements do not reflect the potential impact of special items, any business combination or any other transaction that may be announced or occur subsequent to the date hereof. Unless otherwise required under securities laws, the Company does not intend and undertakes no obligation to update or revise the forward-looking statements.
SOURCE NOVEKO INTERNATIONAL INC.
For further information: Chantal Vennat, Director, Investor Relations and Corporate Communications, Noveko International Inc., Tel: (514) 875-0606; http://www.noveko.com