OTTAWA, Aug. 2, 2016 /CNW/ - BluMetric Environmental Inc. (TSX-V: BLM) is pleased to announce that it has won two new projects in northern Ontario. Generating combined revenues close to $3 million over the next 18 months, the projects focus on analysis and restoration of mining sites.
"In the mining sector, one of BluMetric's key verticals, problem-solving using innovative approaches and tools is an important differentiator for us, and makes us an industry leader," said Roger Woeller, CEO of BluMetric. "Being chosen for projects like these clearly demonstrates that our wide range of capabilities is understood and appreciated by major players in the mining sector. Effectively using the best available technologies, BluMetric is successfully evolving from advanced data collection and analysis to the provision and implementation of practical solutions."
BluMetric will utilize innovative site investigation and analysis techniques, including the use of airborne equipment for geophysical surveys, to better direct field activity and monitoring. BluMetric will also drill monitoring wells, perform aquifer tests, and take groundwater and surface-water samples. Data collected during the project will be incorporated into the existing Geographic Information System (GIS)-based Environmental Information System developed by BluMetric. BluMetric will use the results to identify and evaluate remedial and restoration options for the sites.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded cleantech company with a portfolio of industry-leading engineering services and proprietary equipment providing sustainable solutions to environmental challenges. Headquartered in Ottawa, Ontario, BluMetric's award-winning team of industry experts serves clients in Canada, the United States, and Central America.
Some of the statements in this press release, including those relating to the Company's discussions with financial institutions, repayment of convertible debentures, quarterly and annual results, future products, opportunities and cost initiatives, strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE BluMetric Environmental Inc.
For further information: For more information, visit www.BluMetric.ca, or please contact: Roger Woeller, CEO, BluMetric Environmental Inc., Tel: 613.839.3053 x 242, Email: [email protected]; Robin M. Sundstrom, IRonside Investor Relations, Tel: 647.822.8111, Email: [email protected]