MONTREAL, April 5, 2012 /CNW Telbec/ - Noveko International Inc. (TSX: EKO) (the "Company") is pleased to announce that its Noveko Filtration Division (Epurair Inc.) has won a contract to supply the STM with Noveko® filters worth up to $352,000. The award of a three-year contract was confirmed by the STM's Board of Directors yesterday evening, following a first public call for tenders for the rental of cleanable and recyclable air filters for the STM's buildings. The filters will equip the ventilation systems of the transportation centres and metro stations and will gradually be delivered according to the STM's needs.
It is to be pointed out that subsequent to a period of conclusive tests, two first agreements had been signed in May 2011 covering the supply of Noveko® cleanable and recyclable filters for the transportation centres.
"We are very proud we were officially selected as filtration solutions provider for the STM following a call for tenders process launched last November. We are also pleased to consolidate our partnership with this leader in the mass transit industry, rewarded on many occasions for its green initiatives. The award of this contract represents an additional acknowledgment of the numerous benefits arising from the use of Noveko® filters, which combine efficiency, eco-friendliness and savings, thanks notably to our patented air filtration technologies. Our filtration solutions continue to gain ground as their distinctive features are increasingly valued by the real estate and transportation markets," indicated Mr. Simon Labrecque, Vice-President, Filtration, Noveko.
"Sustainable development is one of the priorities of our 2020 Strategic Plan and we have taken several initiatives to enhance our standing in this regard by reducing our ecological footprint. It is with this in mind that we sought an innovative filtration solution. Noveko® cleanable and recyclable filters meet all our requirements in this regard. In light of their proven longer life and the fact that they are cleanable and recyclable at the end of their life cycle, we can significantly reduce our residual materials. We will also save on the labour related to their replacement and elimination. What's more, they are energy-efficient," added Ms. Odile Paradis, Senior Manager, Public Affairs of the STM.
About the STM
The STM is the 14th largest company in the Province of Quebec. It ensures 405 million trips annually, i.e. 1.2 million daily, by bus and metro in the Montreal area, representing 80% of the mass transit in the metropolitan region. The STM's overall network covers 68 metro stations and comprises a fleet of 759 metro cars, more than 1,600 buses and several buildings, including notably eight transportation centres and a major maintenance centre for its vehicles, namely the Crémazie facility. At the International MetroRail Awards Congress held in London in March 2012, the STM won the Best Green Initiative award for the third consecutive year. In 2010, it had received the American Public Transportation Association award as Outstanding Public Transportation System in North America for its excellent results in terms of effectiveness and efficiency.
About Noveko® Filtration Solutions
The filters incorporating Noveko's patented technologies consist of multiple layers of synthetic fibre built into a rigid aluminum framework, making them perfectly leak-proof and resistant to variations in temperature and humidity. The filtering membrane entering into the manufacture of the Noveko® filters incorporates a patented three-dimensional weaving technology offering less resistance to air and thereby requiring less power from ventilation systems engines. This superior filtration effectiveness enables users to achieve energy savings. Their increased durability, combined with the fact that they are cleanable and recyclable, significantly reduces the number of filters used and the costs associated with their replacement and the elimination of waste, making them an ideal eco-friendly solution. It is notably the incorporation of antimicrobial agents into the filter fibres, thanks to Noveko's patented antimicrobial filtration technology, that protects the filters against deterioration due to the action of microorganisms and accounts for their cleanability and durability.
About Noveko International Inc.
Noveko International Inc. offers innovative solutions in the environmental and medical fields worldwide. Through its subsidiaries, the Company specializes primarily in the following business segments: the development, manufacturing and marketing of derivative products from its patented antimicrobial filtration technologies, mainly air filters, surgical masks and respirators, as well as other products with antibacterial properties such as hand sanitizers - and the development, manufacturing and marketing of medical equipment, including portable real-time ultrasound scanners for use in human and veterinary medicine.
Certain statements set forth in this press release constitute forward-looking statements. In some cases, these statements are identified by the use of terms such as "may", "could", "might", "intend", "should", "expect", "project", "plan", "believe", "estimate" or other comparable variants. These statements are based on the information available at the time they are written, on assumptions made by management and on the expectations of management, acting in good faith, regarding future events, including those relating to economic conditions, fluctuations in exchange rates and operating expenses, and the absence of unusual events entailing supplementary expenditures. Although management considers these assumptions and expectations reasonable based on the information available at the time they are written, they could prove inaccurate. Forward-looking statements are also subject, by their very nature, to known and unknown risks and uncertainties such as those related to the industry, acquisitions, labour relations, credit, key officers, supply and product liability. The actual results of Noveko International Inc. could differ materially from those indicated or underlying these forward-looking statements. The reader is therefore recommended not to unduly rely on these forward-looking statements. Forward-looking statements do not reflect the potential impact of special items, any business combination or any other transaction that may be announced or occur subsequent to the date hereof. Unless otherwise required under securities laws, the Company does not intend and undertakes no obligation to update or revise the forward-looking statements to reflect new information, new events or new circumstances.
Image with caption: "Noveko® cleanable and recyclable filters will equip the ventilation systems of the STM's transportation centres and metro stations. (CNW Group/NOVEKO INTERNATIONAL INC.)". Image available at: http://photos.newswire.ca/images/download/20120405_C3477_PHOTO_EN_11997.jpg
For further information:
Chantal Vennat, Director,
Investor Relations and Corporate Communications
Noveko International Inc.
Tel: (514) 875-0606