GUELPH, ON, June 19 /CNW/ - BIOREM Inc. (TSXV:BRM) is pleased to announce
the receipt of two new industrial orders in the United States totaling nearly
$500,000. These Order Bookings represent a growing segment of BIOREM's
business in non-municipal markets. The Company's investment in sales
infrastructure and product development is yielding results as industrial Order
Bookings are $1.3 million for year-to-date 2008 compared against $240,000 for
the same period in 2007.
"The performance advantages due to our research and development efforts
coupled with rapidly increasing costs related to competing technologies of
carbon absorption, thermal oxidation and chemical scrubber has opened the door
for biological treatment of industrial air pollution." said Peter Bruijns,
President and CEO. "Payback of our systems of less than two years is now
possible in certain applications versus these older technologies."
About BIOREM Inc.
BIOREM manufactures Biosorbens(R) biofilter media and is a leading
supplier of biofilters for air pollution control in municipal and industrial
applications, including BIOCUBE(R) modular units and Mytilus(R) biotrickling
filters. With over 500 installed systems and over a decade of experience, the
Company's products are the technology of choice for odor control at waste
water treatment plants across North America. Additional information on BIOREM
is also available at our web site at www.biorem.biz.
This press release contains forward-looking statements based on current
expectations. These forward-looking statements contain various risks and
uncertainties that could cause actual results to differ materially from those
reflected in the forward-looking statements. Risks and uncertainties about the
Company's business are more fully discussed in the disclosure materials,
financial statements and MD&A filed with the securities regulatory authorities
in Canada on www.sedar.com.
Order Bookings and Order Backlog are non-GAAP measures that the Company
uses to evaluate its sales performance. Order Bookings are those binding
contracts that the Company enters into with a third party for the delivery of
our products or services. As Order Bookings are received, the contract value
(before any associated sales taxes) is included in the Order Backlog. The
Order Backlog is reduced by the revenue that is recognized on each project.
For further information:
For further information: Ed Corbett, Chief Financial Officer, BIOREM
Technologies Inc., firstname.lastname@example.org, Tel: (519) 767-9100 x275