BIOREM Announces Orders totalling $5.4 million and Order Backlog of $24 Million
GUELPH, ON, June 5, 2017 /CNW/ - BIOREM Inc. (TSXV: BRM) ("Biorem" or "the Company") today announced several new orders totalling $5.4 million. The orders are for air emission abatement projects in North America.
"Our business development and sales initiatives continue to bear fruit as we approach the mid point of 2017" said Derek S. Webb, President and Chief Executive Officer. "We have focused our attention on providing technical and engineering services to our existing clients in an effort to expand the scope of supply for high profile projects. This approach is resonating with consultants and municipalities who need to have a reliable long term solution. With these latest orders, the Company's order backlog stands at approximately $24 million, providing great revenue visibility for the next four to six quarters."
The Company's 2017 order bookings to date total $12.5 million compared to $7.6 million of orders booked in the first half of 2016 and the order backlog of $24 million is $6.9 million or 40% greater than the order backlog of $17.1 million on June 30, 2016.
About BIOREM Inc.
BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales representative network and more than 800 installed systems worldwide, BIOREM offers state-of-the-art technology-based products and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at www.biorem.biz.
SOURCE Biorem Inc.
Derek S. Webb, Chief Executive Officer, [email protected], Tel: (519) 767-9100 ext 240; Douglas Newman, Chief Financial Officer, [email protected]; Tel: (519) 767-9100 ext 287
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