GUELPH, ON, May 27 /CNW/ - BIOREM Inc. (TSXV:BRM) announced today the
receipt of two recent orders totaling $1.3 million for projects in the midwest
and western coast of the United States.
These systems will use biofiltration technology to treat odors at
wastewater treatment plants to meet stringent air pollution control
requirements. Two biofilters at the mid-west location will treat emissions
from headworks and biosolids sources. The larger biofilter in the West coast
will treat over 44,000 cfm of polluted air streams. All three units will
utilize Biorem's inorganic Biosorbens(R) media.
"During these economic times, Biorem's products and technology strengths
come to the forefront as we continue to be awarded new orders and grow our
booking totals." said Peter Bruijns, President and CEO. "More than 75% of
these projects are expected to revenue in 2009."
About BIOREM Inc.
BIOREM(R) 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 600 installed systems and over a decade of experience, the
Company's products are the technology of choice for odor control at wastewater
treatment plants across North America. Additional information on BIOREM(R) 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" do not have any standardized meaning
prescribed by Canadian generally accepted accounting principles ("GAAP") and
may not be comparable to measures presented by other companies.
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