GLV's Water Treatment Group Awarded Additional Large Contracts Worth Over $28 M Within the Last Few Weeks

    MONTREAL, Dec. 17 /CNW Telbec/ - (Note All amounts are in Canadian
dollars unless otherwise indicated.) Management of GLV Inc. ("GLV" or "the
Company"; ticker symbols LVG.A and LVG.B) announces that the Water Treatment
Group has been awarded more than $28 M in new large-scale contracts in North
America, Europe and Asia over the past few weeks. The group has notably
received orders totalling more than $14 M for municipal wastewater treatment
equipment in the United States and Canada, including for submerged membrane
bioreactors (MBR) and various other systems. In Europe, the group has been
awarded large contracts worth a total of $11 M in the municipal market and
energy sector in the United Kingdom, as well as in the industrial market in
Norway. Among the largest European orders, the Copa division will deliver
twelve packaged MBR units, designed for a municipal wastewater treatment
system, having a total value of almost $3 M. Finally, the group was awarded
two large contracts in Asia, one of them to upgrade the effluent treatment
facilities of a paper producer in Vietnam and the other in the energy sector
in Singapore.
    Substantially all of these new contracts will be finalized during GLV's
fiscal year ending March 31, 2009. These orders are in addition to several
other large-scale orders garnered since the beginning of the third quarter of
the current fiscal year, along with the numerous smaller-sized contracts
included in the Water Treatment Group's order backlog in the municipal,
industrial and energy markets worldwide.
    "Our Water Treatment Group is developing as expected and we remain
focused on our long-term objective of positioning this group among the leading
players in this growth industry worldwide," said GLV's President and Chief
Operating Officer Richard Verreault, who has also taken on the leadership of
the Water Treatment Group since the recent departure of its former
Vice-President and General Manager, Graham Lawes. "We continue to see solid
activity in the municipal market in the United States, where we are currently
restructuring part of our organization to improve our positioning and
profitability. In Europe, the operational reorganization that followed the
acquisitions made in recent quarters is yielding positive results, notably in
terms of competitiveness," Richard Verreault concluded.

    About GLV Inc.

    GLV Inc. was founded on May 15, 2007 to carry on the activities of the
Water Treatment Group and the Pulp and Paper Group formerly conducted by
Groupe Laperrière & Verreault Inc. The Water Treatment Group specializes in
the design and marketing of solutions for the treatment of municipal and
industrial wastewater and water used in various industrial processes, and also
offers water intake screening solutions for power stations and desalination
plants. The Pulp and Paper Group specializes in the design and marketing of
equipment used in various stages of pulp and paper production, notably
chemical pulping, pulp preparation and sheet formation, and is a recognized
leader in rebuilding, upgrading and optimization services for existing
equipment, as well as the sale of spare parts. GLV is present in some
30 countries and has approximately 1,500 employees.

For further information:

For further information: Marc Barbeau, CA, Executive Vice-President and
Chief Financial Officer, (514) 284-2224;

Organization Profile

GLV Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890